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6 Sep 2016 07:00
ASX ANNOUNCEMENT | 6 September 2016 |
RESIGNATION OF EXECUTIVE DIRECTOR
Metminco Limited ("Metminco" or the "Company") (ASX: MNC; AIM: MNC) announces that Mr Stephen Tainton, who has held office as an Executive Director of Metminco Limited since 8 October 2013 has tendered his resignation from the Company's Board of Directors. Mr Tainton's resignation has been accepted by the Company and will be effective immediately.
Mr Tainton has brought a wealth of technical and operational knowledge and skills to the Board and has made a significant contribution to the strategic framework of the Group. Following the restructure of the Group in 2013, Mr Tainton assumed responsibility for the Los Calatos Project and has been instrumental in the completion of the work and studies undertaken since that time which have culminated in the CD Capital Natural Resources Fund III transaction announced previously.
With the CD Capital Natural Resources Fund III planned development program Steve has elected to resign from the Board to assist with technical and operational issues relating to the planned Pre-Feasibility and Feasibility Studies on Los Calatos.
The Company has been fortunate to have Mr Tainton as an Executive Director but will continue to benefit from his skills in a non-directorial capacity.
The Board has elected not to appoint a replacement director at this time.
William Howe
Managing Director
Mr William Howe, Managing Director, commented: "The Board and I would like to express our sincere thanks to Steve for his outstanding contribution as an Executive Director to the Company over the past 3 years.
However, Steve will continue to make a very important contribution to the projects in which the Company's has an interest."
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Metminco Limited ABN 43 119 759 349 ASX Code: MNC.AX; AIM Code: MNC.L |
| Level 6, 122 Walker Street, North Sydney, NSW, 2060 Tel: +61 (0) 2 9460 1856; Fax: +61 (0) 2 9460 1857 | |||
www.metminco.com.au | |||||
For further information, please contact:
METMINCO LIMITED |
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Stephen Tainton / Phil Killen |
| Office: +61 (0) 2 9460 1856 |
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NOMINATED ADVISOR AND BROKER |
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RFC Ambrian |
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Australia |
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Will Souter / Nathan Forsyth |
| Office: +61 (0) 2 9250 0000 |
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United Kingdom |
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Charlie Cryer |
| Office: +44 (0) 20 3440 6800 |
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JOINT BROKER |
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SP Angel Corporate Finance LLP UK) |
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Ewan Leggat |
| Office: +44 (0) 20 3470 0470 |
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UK FINANCIAL PR |
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Camarco |
| Office: +44 (0) 20 3757 4997 |
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Gordon Poole / Tom Huddart |
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