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2 Nov 2018 12:44
Cradle Arc plc / EPIC: CRA.L / Market: AIM / Sector: Mining
2 November 2018
Cradle Arc plc
("Cradle Arc" or the "Company")
Directorate Changes
Cradle Arc (AIM: CRA), the African focused base and precious metals exploration and production company, is pleased to announce the appointment of James Turnbull to the Board of the Company as a Non-Executive Director, with immediate effect. In addition, the Company announces that Michael Golding and Oscar Kirkovits have resigned from the Board, with immediate effect to pursue their other business interests.
James Turnbull began his career as a solicitor, qualifying with Linklaters in London in 1992, before transferring to the firm's Moscow office in 1995, where he advised on corporate finance and international securities issues. In 1998, he joined Credit Suisse as General Counsel for its Emerging Markets Group where he worked extensively with Russian and CIS borrowers and international investors. Between 1997 and 2010, he held senior positions at Credit Suisse First Boston and Merrill Lynch and was CEO of Troika Dialog's Kazakhstan office. Mr Turnbull has an M.A. in Law from St. John's College, Cambridge University.
Kevin van Wouw, CEO of Cradle Arc, commented:
"We are delighted to welcome James to the Board of Cradle Arc, bringing his legal, compliance and corporate finance skillset and experience and thereby rounding out and complementing the Board's existing financial and technical knowledge base. We firmly believe that James will provide valuable assistance with the Company's future development, particularly as we undertake and complete the current remedial actions at the processing plant and focus on commercial growth. We would like to acknowledge our appreciation of the services of both Oscar and Michael and their valuable contributions, and wish them all the best with their future endeavours."
James Henry Middleton Turnbull (aged 50)
Current Directorships / Partnerships | Past Directorships / Partnerships (last 5 years) | |
Downs Syndrome Diamond Foundation Limited | JHMT Consulting Limited | |
Mercantile General International plc | Milio International (UK) Limited | |
Newmarket Property Limited | Milio Logistics Limited | |
North 33 Limited | Tenebrae Records Limited | |
Red Savannah Enterprises Limited | The Hemam Foundation Limited | |
Thames Beach House Limited | ||
The Tenebrae Choir | ||
Tenebrae Choir Trading Limited | ||
| ||
Mr Turnbull does not have any interest in the Company's ordinary shares.
There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two of the AIM Rules for Companies.
**ENDS**
For further information on the Company, please visit www.cradlearc.com or contact:
Cradle Arc plc Kevin van Wouw Roy Pitchford | Tel: +44 (0)20 7637 5216 |
Strand Hanson Limited James Spinney Matthew Chandler James Dance |
Tel: +44 (0)20 7409 3494 |
SP Angel Corporate Finance LLP Ewan Leggat John Meyer
|
Tel: +44 (0)20 3470 0470 |
Tavistock Communications Limited Charles Vivian Gareth Tredway | Tel: +44 (0)20 7920 3150 |
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
About Cradle Arc
AIM-quoted Cradle Arc plc is the 60 per cent. owner of the Mowana copper mine in Botswana, an operational open pit mine and processing facility located in the north-east of the country, approximately 120km northwest of Francistown.
The Company has an independent open pit ore reserve estimate (Proved and Probable JORC 2012) of 31.8 Mt at 1.17% Cu for 370,800 tonnes contained copper, based on a Dense Media Separation (DMS) mine plan.
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