Last checked at 13 Jun 2017 07:00
13 June 2017
Shanta Gold Limited
("Shanta" or the "Company")
Appointment of Non-Executive Director
Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, is pleased to announce the appointment of Mr Keith Marshall as a Non-Executive Director of the Company, with immediate effect.
Mr Marshall is a mining engineer with over 35 years' experience in the sector enabling him to accumulate a wealth of technical and managerial expertise with the last fifteen years spent in senior mine leadership roles.
Mr Marshall's last two operational roles were both with Rio Tinto, with whom he has worked for 22 years, as Managing Director of the Palabora Mining Company in South Africa and as President of the Oyu Tolgoi Project in Mongolia.
Anthony Durrant, Chairman, commented:
"We are delighted to welcome Keith to the Board. We believe Keith's experience in mining and within Africa will bring further expertise to the Board and be of considerable value as the Company develops its portfolio of underground and surface mining operations."
Enquiries:
|
About Shanta Gold
Shanta Gold is an East Africa-focused gold producer, developer and explorer. It currently has defined ore resources on the New Luika, Nkuluwisi and Singida projects in Tanzania and holds exploration licences over a number of additional properties in the country. Shanta's flagship New Luika Gold Mine commenced production in 2012 and produced 87,713 ounces in 2016. The Company is admitted to trading on London's AIM and has approximately 583 million shares in issue.
For further information please visit: www.shantagold.com.
Mr Keith Marshall's (aged 58) directorships in the last five years are as follows:
Company | Status |
Marshall Mining Associates Limited | Current |
Rio Tinto Technological Resources UK Limited | Previous |
North River Resources plc | Previous |
Chieftain Metals Corp. | Previous |
Chieftan Metals Corp. ("Chieftan"), of which Mr Marshall was a director from September 2015 to November 2016, entered into receivership on 6 September 2016 having been served an application by the company's principal lender to appoint a receiver of all assets, undertakings and properties of Chieftain on 31 August 2016. Mr Marshall resigned from the board of Chieftan following application to appoint the receiver and the resignation was effective from November 2016. The company's creditors were paid in full, with shareholders maintaining ownership of their shares.
There are no further disclosures required in accordance with Rule 17 or Schedule 2(g) of the AIM Rules.