13 Jun 2014 07:00
Astar Minerals / Ticker: ASTA / Index: AIM / Sector: Oil & Gas
13 June 2014
Astar Minerals plc ('Astar' or 'the Company')
Directorate Change
Astar Minerals plc announces that Lynda Chase-Gardener has informed the Company of her intention to step down from her roles as Company Secretary and Non-executive Director at the next Annual General Meeting. The Board is in advanced discussions with regards to the appointment of two new non-executive directors, each of whom has direct experience of operating in Mexico's oil and gas industry. This is in line with Astar's strategy to explore investment opportunities in Mexico's energy sector, which is being reopened to private companies to attract greater foreign investment and expertise with which to develop its substantial hydrocarbon reserves. Further updates on these appointments will be provided in due course.
Astar's Chief Executive Officer Stefan Olivier said "On behalf of the Board I would like to thank Lynda for the contribution she has made to Astar over the years and wish her well for the future. We are focused on building a team with which to evaluate, acquire and develop oil and gas concessions in Mexico. I look forward to updating the market on our progress, as we focus on gaining early entry into what is effectively for foreign companies a vast new hydrocarbon frontier."
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For further information please visit www.astarminerals.com or contact:
Astar Minerals plc Stefan Olivier, CEO |
+44 20 7710 9618
|
Cairn Financial Advisers LLP (Nominated Adviser) Jo Turner/Liam Murray
|
+44 20 7148 7900
|
Cornhill Capital (Broker) Nick Bealer
| +44 20 7710 9612 |
St Brides Media & Finance Ltd (Financial PR) Frank Buhagiar Lottie Brocklehurst | +44 20 7236 1177 |