(Alliance News) - Georgian Mining Corporation on Friday said it has hired David Ajemian as a non-executive director effective immediately.
The copper & gold exploration company also said that Non-Executive Director Laurence Mutch will be stepping down immediately to focus on his other business interests. Mutch was hired into the role in March 2017.
Ajemian is a successful mining, energy, technology and media investor and entrepreneur with access to high-quality assets and investment opportunities with the potential for significant growth, Georgian Mining said, adding that he has a "broad network of business and investor contacts in the Middle East and internationally."
He was previously director at investment company E-Metals PLC, formerly known as Stallion Resources PLC.
"I am delighted to announce David's arrival to the team. I am confident that we will benefit from his extensive network of natural resources orientated investors and professionals as we look to unlock the value of our Bolnisi copper and gold project, and expand our portfolio with additional high quality assets", said Georgian Mining Chair Neil O'Brien.
"I would like to thank Laurie for his considerable and invaluable contributions. He has been a hugely supportive force behind the company throughout the past three years. On behalf of the board, I would like to wish him well in his future endeavours," he added.
Shares in London-based Georgian Mining were down 5.8% at 1.67 pence each on Friday afternoon in London.
By Ife Taiwo; ifetaiwo@alliancenews.com
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