Last checked at 11 Jan 2021 07:00
PRESS RELEASE
11 January 2021
KAVANGO RESOURCES PLC
("Kavango" or "the Company")
Board Appointments
Kavango Resources plc (LSE:KAV) is pleased to announce the appointment of Mr David Smith as Non-Executive Chairman and Mr Ben Turney as an Executive Director to the Board of Directors, with immediate effect.
David Smith, 65, is a solicitor who has worked in corporate finance and the equity capital markets for over 30 years. He has considerable practical experience of corporate governance, regulatory and compliance issues, and has advised junior mining companies, both quoted and private, extensively throughout his career. Between 2007 and 2016 he was a partner in an international law firm with a considerable reputation for mining law. Since January 2016 he has been a partner in Druces LLP, the Company's solicitors, where he has helped the firm's Capital Markets team establish itself as a significant player in the small cap sector, particularly among natural resources companies.
David will lead the Board at Kavango with particular focus on internal controls and corporate governance.
Ben Turney, 42, has been working as a consultant for Kavango since April 2020. He has played a key role in reshaping the company's investor relations and the successful completion of the recent £2million placement. Ben is an experienced participant in London's small cap financial markets, having previously worked as an investigative writer and shareholder advocate. He currently advises and works for a number of companies, both in the United Kingdom and North America, with a particular focus on the mining sector. Ben is responsible for our public relations.
Michael Foster, CEO of the Company: "We welcome David and Ben onto the Kavango Board to join Mike Moles and myself. I have worked with David for over 30 years. He has advised various resource companies with which I have been involved over that time. Ben has been involved with the Company in a public relations capacity since April last year. Their contribution to Kavango will be invaluable as we move forward with our exciting exploration projects in Botswana."
Ben Turney holds shares in the Company, directly and indirectly, as follows:
Holder | No. of shares held | No. of warrants held |
Matthew Benjamin Turney
| 2,190,076 shares | 2,187,500 1p warrants 1,454,545 4.25p warrants |
Dynamic Investor Relations Limited*
| 1,718,182 shares* | 1,818,182 4.25p warrants* |
Eridge Capital (UK) Limited**
| 500,000 shares** | 1,272,727 4.25p warrants** |
* Matthew Benjamin Turney owns 50% of Dynamic Investor Relations Limited ** Matthew Benjamin Turney owns 100% of Eridge Capital (UK) Limited | ||
There are no further details required to be disclosed pursuant to Listing Rule 9.6.13 in connection with either Mr Smith or Mr Turney's respective appointments.
For further information please contact:
Kavango Resources plc
Michael Foster
mfoster@kavangoresources.com
First Equity (Joint Broker)
+44 207 374 2212
Jason Robertson
SI Capital Limited (Joint Broker)
+44 1483 413500
Nick Emerson