2 Dec 2011 07:00

PATAGONIA GOLD PLC
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Trading Symbol PGD.L
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 2nd December 2011Â
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RICHARD PRICKETT
RETIRES AS A NON-EXECUTIVE DIRECTOR
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Patagonia Gold PLC ("Patagonia Gold" or the "Company") announces that Richard Prickett has today retired from the board of Patagonia Gold.
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Richard co-founded the Company, initially named HPD Exploration, as Non-Executive Chairman. HPD joined the AIM Market in March 2003 with its name being subsequently changed to Patagonia Gold PLC in January 2004.
Richard was also a founder of Brancote Holdings, Patagonia Gold's forerunner. Brancote was one of the first companies to join the AIM Market in 1995 and was successfully sold for approximately US $370 million in 2002.
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Patagonia Gold (as HPD Exploration PLC) commenced trading at 1.5p per share with a market capitalisation of under £2 million. The share price today is around 52p per share and Patagonia Gold has a market capitalisation of over £380 million.
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Bill Humphries, Managing Director of Patagonia Gold, commented:
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"I have worked alongside Richard for the past fourteen years. He has played a truly outstanding role, particularly in the area of corporate finance and fund raising in both Patagonia Gold and its forerunner, Brancote Holdings. Richard has helped raise over £60 million to fund our drilling campaigns and bring Patagonia Gold to a point where we can see a world class mining proposition emerging.
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"On behalf of the board and our shareholders, I extend our warmest thanks to Richard for the immense contribution he has made to our continuing success."
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Richard Prickett added:
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"I am very proud of what we have achieved in Patagonia Gold. It has been a great privilege to work with some of the very best people in the mining industry. "
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ENDS
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For more information, please contact:
Bill Humphries/Richard Prickett Patagonia Gold Plc Tel: +44(0)20 7409 7444 Phil Yee Tel: +416 572 2007  Simon Raggett/Angela Peace Strand Hanson Ltd Tel: +44(0)20 7409 3494 | David Bick/Mark Longson Square 1 Consulting  Tel : +44(0)20 7929 5599  Stephen Mischler/ Nick Stone Matrix Corporate Capital LLP Tel : +44(0)20 32067000 |
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