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Scotgold Resources Promotes Nathaniel Le Roux To Chairman

Wed, 18th Mar 2015 13:35

LONDON (Alliance News) - Scotgold Resources Ltd Wednesday said it has promoted Nathaniel le Roux to become the company's new chairman.

Le Roux has been a non-executive at the company since October and is the former chief executive of IG Group PLC. He currently is semi-retired and an independent director of the London Metal Exchange, said the company.

Le Roux currently holds a 40% stake in Scotgold.

"It is a significant benefit to the company that such an ardent supporter should take on the role of chairman, and we welcome his experience and insight in taking Cononish into production at the earliest opportunity," said Managing Director Richard Gray.

Scotgold shares were up 2.9% to 0.772 pence per share on Wednesday afternoon.

By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved.

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