Corcel PLC - Australia, Papua New Guinea and Canada-focused mining and mineral resource development company - Names Chair James Parsons to chief executive officer and executive director, effective immediately. He will be replacing CEO Scott Kaintz, who will assume role as chief financial officer, but will step down from board with immediate effect. Meanwhile, non-executive director Antoine Karam will take on role of non-executive chair. Karam is 45% shareholder in Extraction Srl, which holds 13% stake in Corcel. Extraction stake to rise to just under 21% once Corcel placing is completed.
Current stock price: 0.32 pence, up 3.2%
12-month change: down 72%
By Sabrina Penty, Alliance News reporter
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Corcel (CRCL)