18 Feb 2013 14:19
18 February 2013
Patagonia Gold Plc
('Patagonia Gold' or 'the Company')
Directorate Change
Patagonia Gold announces the resignation of Gary Sugar as a non executive director of the Company, with immediate effect. The Board would like to thank Mr. Sugar for his contribution to the Company, and wishes him well for the future. It is intended that additional appointments will be made to the Board over the coming months and further announcements will be made as appropriate.
About Patagonia Gold
Patagonia Gold Plc is an advanced mining exploration company that seeks to grow shareholder value through the acquisition, exploration and development of gold and silver projects in the southern Patagonia region of Argentina. The Company is primarily focused on the development of three projects: the flagship Cap-Oeste project, the nearby COSE project and the Lomada Heap Leach which is expected to begin generating free cash flow by 2013. Patagonia Gold, indirectly through its subsidiaries or under option agreements, has mineral rights to over 220 properties in several provinces of Argentina and Chile, and is one of the largest landholders in the province of Santa Cruz.
Patagonia Gold is listed on the Toronto Stock Exchange (TSX) under the symbol PAT and has been listed on the AIM market of the London Stock Exchange under the symbol PGD since 2003.
Enquiries:
Bill Humphries/Nigel Everest | Philip Yee, CFO |
Patagonia Gold Plc | Patagonia Gold Plc |
Tel: +44 (0) 20 7409 7444 | Tel: +1 (416) 572 2007 |
Rory Scott | David Bick/Mark Longson |
Mirabaud Securities LLP | Square 1 Consulting |
Tel: +44 (0) 20 7878 3360 | Tel:+44 (0) 20 7929 5599 |
Angela Hallett/James Spinney | Colin Languedoc |
Strand Hanson Limited | Barnes Communications Inc. |
Tel: +44 (0) 20 7409 3494 | Tel: +1 (416) 367 5000 |