Less Ads, More Data, More Tools Register for FREE

Pin to quick picksOriole Resources Regulatory News (ORR)

Share Price Information for Oriole Resources (ORR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.35
Bid: 0.34
Ask: 0.39
Change: 0.005 (1.39%)
Spread: 0.05 (14.706%)
Open: 0.355
High: 0.355
Low: 0.35
Prev. Close: 0.36
ORR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Board Change and Appointment of CEO

1 May 2024 07:00

RNS Number : 7065M
Oriole Resources PLC
01 May 2024
 

Oriole Resources PLC 

('Oriole' or 'the Company' or 'the Group')

1 May 2024

Board Change and Appointment of Chief Executive Officer

 

Oriole Resources (AIM: ORR), the AIM-quoted gold exploration company focussed on West Africa, announces that Mr Timothy Livesey has stepped down as Chief Executive Officer ('CEO') and from the Board of Oriole with effect from end of 30 April 2024 to focus on his other business interests. The Company also announces that Mr Martin Rosser has been appointed as CEO and will join the Board of Oriole with effect from today, 1 May 2024. Tim will remain an employee of Oriole to 31 May 2024 to assist in the transition.

During his tenure as CEO, Tim was pivotal in reinvigorating the strategic direction of the Company, which has led to the discovery of a potential new gold district in Cameroon. Additionally, the exploration programmes carried out in Cameroon recently culminated in the signing of earn-in agreements, with BCM International Limited, at the Bibemi and Mbe projects.

Martin brings a wealth of experience to the role of CEO with over 40 years of professional expertise in the natural resources sector, including as CEO of AIM-listed Alexander Mining Plc. He has also worked as a corporate financier and mining analyst.

As CEO of Alexander Mining Plc for 13 years, Martin led the company through the finalisation of a feasibility study for an open pit copper mine in Argentina; the diversification into innovative mineral processing technology and other energy metals, including lithium; and the completion of a reverse takeover transaction in January 2020. He has also sat on the board of Afriore Limited, as a Non-Executive Director, and acted as Managing Director of what is now known as VSA Capital plc. Martin's diverse and expansive experience will provide additional value to the Company and further consolidates its already strong executive team.

Martin holds a BSc in Mining Engineering from and Associateship of the Camborne School of Mines. He is also a Fellow of the Institute of Materials, Minerals and Mining, and a Chartered Engineer.

Eileen Carr, Chair of Oriole, commented:

"First, on behalf of the Board, I would like to express my sincere thanks to Tim for his hard work and dedication over the years - he has had a hugely positive impact on the Company. Tim was instrumental in Oriole's move into Cameroon and the work carried out by the team, to date, has provided significant value to all stakeholders. He leaves the Company in a robust position and with a bright future and we wish him great success with his future endeavours.

"I am also delighted to welcome Martin to his new role. I believe his experience and expertise will augment the existing management team very well and help the Company deliver further on its recent achievements. Martin joins the team at an important stage of the Company's growth trajectory, and I look forward to working with him to deliver further value to all stakeholders."

AIM Rules for Companies, Schedule 2(g) Disclosures

As required by Schedule 2(g) of the AIM Rules for Companies, the Company confirms that Mr Martin Lovatt Rosser, aged 64, currently holds or has held the following directorships and partnerships in the last five years:

 

Current directorships and partnerships

None

Past directorships and partnerships in past five years

MetaLeach Limited

eEnergy Group Plc (formerly Alexander Mining Plc)

 

 

Mr Rosser does not hold any ordinary shares or options in the Company.

Other than as provided in this announcement, no other disclosures in relation to Mr Martin Lovatt Rosser are required under Rule 17 and schedule 2 (g) of the AIM Rules for Companies.

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

For further information please visit www.orioleresources.com, @OrioleResources on Twitter, or contact:

 

Oriole Resources Plc

Tel: +44 (0)23 8065 1649

Eileen Carr / Bob Smeeton / Claire Bay

 

BlytheRay (IR/PR Contact)

Tel: +44 (0)20 7138 3204

Tim Blythe / Megan Ray

 

Grant Thornton UK LLP

Tel: +44 (0)20 7383 5100

Samantha Harrison / Ciara Donnelly / Elliot Peters

SP Angel Corporate Finance LLP

Ewan Leggat

 

Tel: +44 (0)20 3470 0470

 

Notes to Editors:

 

Oriole Resources PLC is an AIM-listed gold exploration company, operating in West Africa. It is focussed on early-stage exploration in Cameroon, where the Company has reported a Resource of 375,000 oz Au at 2.30g/t in the JORC Inferred category at its 82.2%-owned Bibemi project and has identified multi-kilometre gold and lithium anomalism within the district-scale Central Licence Package project. BCM International is currently earning up to a 50% interest in the Bibemi and Mbe projects in return for a combined investment of US$1.5 million in signature payments (which has already been received), up to US$8 million in exploration expenditure, as well as JORC resource-based success payments.

At the Senala gold project in Senegal, AGEM Senegal Exploration Suarl ('AGEM'), a wholly-owned subsidiary of Managem Group, has recently completed a six-year earn-in to acquire an estimated 59% beneficial interest in the Senala Exploration Licence by spending US$5.8 million. A review of expenditure and discussions on the formation of a joint-venture company are currently underway. The Company also has several interests and royalties in companies operating in East Africa and Turkey that could deliver future cash flow.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
BOADGGDSCDXDGSG
Date   Source Headline
28th Sep 20177:16 amRNSSID Deed of Amendment with Crusader Resources
27th Sep 201711:08 amRNSGoldstone Announces £1.5 M Subscription
27th Sep 20177:00 amRNSHolding(s) in Company
19th Sep 20176:04 pmRNSShareholder Requisition Update
15th Sep 20172:54 pmRNSShareholder Requisition Update
8th Sep 20178:00 amRNSShareholder Requisition
7th Sep 20177:04 amRNSBorborema Review and Posse Sale Update
6th Sep 20173:59 pmRNSHolding in Goldstone Resources Limited
8th Aug 20177:00 amRNSInvestor Presentation
4th Aug 20177:00 amRNSImplementation of LTIP and Issue of Share Options
3rd Aug 20177:00 amRNSInterim Results
2nd Aug 20177:07 amRNSCrusader Resources Sale Agreement for Posse Mine
25th Jul 20173:05 pmRNSVOX Markets CEO Podcast Interview
25th Jul 20177:00 amRNSLoan Facility & Juruena Variation Agreements
24th Jul 20177:49 amRNSCrusader Resources announces JORC Update
13th Jul 20172:02 pmRNSProactive Investors CEO Interview
28th Jun 20177:00 amRNSProactive Investors One2One Forum
27th Jun 20174:18 pmRNSAGM Statement
15th Jun 20177:00 amRNSScheme Implementation Deed
6th Jun 20177:00 amRNSThani Stratex Drilling Results
2nd Jun 20173:46 pmRNSGoldstone Announces Results of AGM
19th May 20177:00 amRNSFunding of Further Exploration at Thani Stratex
18th May 20172:43 pmRNSCEO Interview
18th May 20177:00 amRNSProposed Acquisition of Crusader Resources Limited
16th May 20177:01 amRNSGoldstone Announces Final Results
16th May 20177:00 amRNSFinal Results
24th Apr 201710:48 amRNSSale of interest in Altintepe Gold Mine
20th Apr 20173:30 pmRNSCEO Interview
19th Apr 20177:00 amRNSOperating and Corporate Update
3rd Apr 20176:08 pmRNSGoldstone Announces Successful £400,000 Financing
22nd Mar 20177:00 amRNSThani Stratex Reports Further Drill Results
28th Feb 201712:14 pmRNSCEO Interview
27th Feb 20177:00 amRNSOperating Update
3rd Feb 201712:32 pmRNSGoldstone Auger Drilling Update
26th Jan 20177:00 amRNSGoldstone Announces Positive Drilling Results
25th Nov 20167:00 amRNSRetirement of Chairman
23rd Nov 20167:00 amRNSStratex at Mines and Money London
11th Nov 20167:00 amRNSGoldstone Ghana Exploration Update
27th Oct 20169:00 amRNSProactive Investors One2One Forum
20th Oct 20167:00 amRNSTechnical Services Agreement with Goldstone
19th Sep 20169:28 amRNSGoldstone Announces Interim Results
2nd Sep 20162:15 pmRNSIssue of Share Options
1st Sep 20164:45 pmRNSChairman Interview
1st Sep 20167:00 amRNSAppointment of New CEO
11th Aug 20167:01 amRNSInterim Results
11th Aug 20167:00 amRNSAltintepe Gold Mine Q2 Update
28th Jul 201610:01 amRNSGoldstone £1 million Financing and Director Change
18th Jul 20167:00 amRNSOperations in Turkey
4th Jul 20167:00 amRNSAppointment of Corporate Broker
30th Jun 20167:00 amRNSGoldstone Directorate Changes

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.