Last checked at 14 May 2013 16:11
14 May 2013
GCM Resources plc
(the "Company" or "GCM Resources")
(AIM:GCM)
Polo Resources change in management
GCM Resources plc ("GCM" or the "Company"), a London based resource exploration and development company, draws attention to the announcements on 14 May 2013 made by Polo Resources Limited ("Polo"), GCM's largest shareholder.
As stated in their announcements, Polo has undergone a major change in management. Mr Michael Vee Mun Tang ("Michael Tang") of Mettiz Capital Limited has joined Polo as Executive Co-Chairman along with Mr Kian Meng Cheah as Non-Executive Director.
Gerard Holden, Chairman stated:
"We look forward to working closely with the new management of Polo Resources. We very much appreciate Polo's continued commitment to GCM and the Phulbari Coal Project. The Phulbari Coal Project consists of a world class coal resource, the development of which can provide significant benefits to all stakeholders."
For further information:
GCM Resources plc Gerard Holden Non-Executive Chairman +44 (0) 20 7290 1630
| Pelham Bell Pottinger Lorna Spears / Joanna Boon +44 (0) 20 7861 3232
|
J.P. Morgan Cazenove Nominated Adviser Michael Wentworth-Stanley +44 (0) 20 7742 4000 | Investec Investment Banking Chris Sim +44 (0) 20 7071 4300
|
GCM Resources plc | |
Tel: +44 (0) 20 7290 1630, Fax: +44 (0) 20 7290 1631 | |
info@gcmplc.com; www.gcmplc.com |