Ovoca Bio Regulatory News (OVB)

19 Jan 2009 17:22



Ovoca Gold plc

('Ovoca' or the 'Company')

Director Appointment

The board of Ovoca Gold plc (AIM: OVG; IEX: OVX), is pleased to announce the appointment of Timothy McCutcheon as a Non-Executive Director. 

Tim is a founding partner of DBM Capital Partners, an investment manager and corporate finance boutique based in Moscow that specialises in the mining sector in Russia and the Former Soviet Union. Prior to DBM Capital, Tim worked with Aton Capital where he was an award winning analyst who pioneered coverage in the Russian and CIS gold mining and uranium sectors and originated mining deals of over US$200 million. Tim has a BA, cum laude from Columbia College, New York and a MBA Finance from Columbia Business School.

Leonid Skoptsov, Chief Executive Officer of Ovoca commented: 'On behalf of the board I would like to take this opportunity to welcome Tim to the Board. Tim brings with him a wealth of experience in the international and Russian financial services and resources sectors and we look forward to working with him in achieving the Company's plans following completion of the disposal of Ayax.'

Timothy Rand McCutcheon, aged 36, holds or has held the following directorships in the past five years:

There are no other disclosures required by paragraph (g) of Schedule 2 of the IEX Rules or the AIM Rules for Companies.

Ends

For further information please contact:

Leonid Skoptsov - Ovoca Gold plc

Tel: +7 (0) 495 648 2646