4 Jan 2012 13:00
4 January 2012
Tri-Star Resources plc
("Tri-Star" or the "Company")
Directorate Changes
Change of Registered Address
Tri-Star Resources (AIM: TSTR), the antimony exploration and development company, announces the following changes to its board of directors (the "Board").
Mr. Emin Eyi has been appointed as Managing Director of the Company with immediate effect. Mr. Emin Eyi is currently a partner of SP Angel Corporate Finance LLP, the London based advisory company, where he conducts investment and advisory work for clients. He has particular experience of the mining and resource industry and is familiar with those who provide financing and who are active in the investment market for mining and resource companies. Mr. Eyi has 20 years' of investment banking experience in the natural resource sector at a number of firms including Cazenove & Co, Barings, HSBC and Goldman Sachs. He is a graduate of Imperial College in London, with a Masters degree in Mining Engineering, and is a Fellow of the Geological Society.
In addition, the Company announces that Mr. Vehbi Eyi, currently an Executive Director of the Company, is stepping down from the Board with immediate effect, but will be retaining his current duties with the Company, as a member of the senior management team.
As part of this Board reorganisation, Tri-Star is also pleased to announce that Mr. Brian Spratley, Executive Director and Chief Executive of the Company, will be assuming the role of Technical Director, also with immediate effect.
Adrian Collins, Chairman of the Company, commented:
"We are delighted to welcome Mr. Emin Eyi to the Board, and look forward to working with him to ensure the ongoing effective running of the Company, in the light of the large investments needed to execute the plans to develop a roaster smelter in the UAE and our Goynuk mine in Turkey. Emin brings with him a wealth of experience, which will assist in ensuring the successful achievement of the Company's strategy in the future. I also take this opportunity to thank Mr. Vehbi Eyi for his contribution as a director, and for the ongoing assistance he will provide to the Company as part of the senior management team."
Tri-Star also announces that it has changed its registered office to Floor 3, 13 Charles II Street, London, SW1Y 4QU, with immediate effect.
Enquiries:
Tri-Star Resources plc Brian Spratley | Tel:+44 (0) 12 3362 9351 |
Strand Hanson Limited (Nomad) James Harris / Paul Cocker | Tel: +44 (0) 20 7409 3494
|
Gable Communications Justine James / John Bick | Tel : +44 (0) 20 7193 7463 |
Additional information on the new director appointment:
Mr. Emin Eyi, aged 44, is a director or partner, or has been a director or partner during the previous five years, of the following entities:
Current directorships or partnerships | Past directorships or partnerships held within the last five years |
Clearphos Limited Clearphos South Africa pty (a wholly owned subsidiary of Clearphos Limited) SP Angel Corporate Finance LLP VH Nominees Limited | Imperial Mining Holdings |
In addition, Mr. Eyi holds 1,560,000,000 ordinary shares of 0.005 pence each in the share capital of the Company, representing approximately 30.99 per cent. of the Company's issued share capital.
There is nothing to be announced pursuant to paragraph 2 (g) (iii) - (viii) of Schedule 2 of the AIM Rules.