Last checked at 15 Dec 2021 12:00
Oriole Resources PLC
('Oriole Resources' or 'the Company' or 'the Group')
Retirement of Chairman
Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration company focussed on West Africa, announces the retirement of its Non-executive Chairman John McGloin. John, who joined the Company in September 2018, is stepping down to assume the role of Chief Executive Officer of TSX.V-listed Diamond Fields Resources Inc but will remain as Oriole's Chairman up to 28 February 2022, unless a successor is appointed sooner.
John McGloin, commented: "I have really enjoyed my time at Oriole, watching it grow to build a strong first-mover position in Cameroon whilst effectively managing its non-participating and legacy positions. Whilst I am leaving to focus on my new CEO role, I look forward to watching the Company's further growth development."
Oriole Resources CEO, Tim Livesey, said: "We thank John for his stewardship of the Company over the past three years and wish him all the best in his new, challenging role."
** ENDS **
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU No. 596/2014) which is part of UK law by virtue of the European Union (withdrawal) Act 2018. 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 Tim Livesey / Bob Smeeton / Claire Bay
| Tel: +44 (0)20 7830 9650 |
Blytheweigh (IR/PR contact) Tim Blythe / Megan Ray / Rachael Brooks
| Tel: +44 (0)20 7138 3204 |
Grant Thornton UK LLP Samantha Harrison / George Grainger
| Tel: +44 (0)20 7383 5100 |
Shard Capital Partners LLP Damon Heath / Erik Woolgar / Isabella Pierre
| Tel: +44 (0)20 186 9900 |
Notes to Editors:
Oriole Resources PLC is an AIM-listed exploration company, operating West Africa. It is focused on early-stage exploration in Cameroon (Bibemi, Wapouzé and Central Cameroon projects) and the more advanced Senala gold project in Senegal, where IAMGOLD has the option to spend US$8 million to earn a 70% interest. The Company also has several interests and royalties in companies operating throughout Africa and Turkey that could deliver future cash flow, and it continues to assess new opportunities in both regions.