URU Metals Limited Regulatory News (URU)

24 Feb 2009 11:51



For immediate release

24 February 2009

Niger Uranium Limited

("Niger Uranium" or the "Company")

Board Appointment

Niger Uranium (AIM: URU) is pleased to announce that Mr David de Jongh Weill has been appointed Non-executive Chairman with immediate effect. Subsequently Ian Stalker, who is Executive Chairman, will become Acting CEO. 

David de Jongh Weill started his professional career with Salomon Brothers in 1983 in derivative products sales and trading. He subsequently became active in proprietary trading for Salomon Brothers in International Fixed Income and Foreign Exchange. Mr Weill left Salomon in 1989 to develop an international proprietary trading activity with Greenwich Capital Markets. 

Thereafter, in 1992, Mr Weill developed his own fund management activity with funds under management growing to over $1.2 billion. From 1998, he has focused on private equity investment, predominantly in natural resource and media and technology companies. Mr Weill has acquired considerable experience in proprietary trading in international financial markets, investment management, corporate finance, and corporate governance. Mr Weill is a founder and partner of Chiliogon Partners LLP and also a non-executive director of Caledon Resources plc. 

David de Jongh Weill (50) has held the following directorships in companies or partnerships in the past five years:

There are no further details in relation to the above appointment which require disclosure under paragraph (g) (iii) to (viii) of Schedule 2 to the AIM Rules.

Following these changes the composition of the Board of the Company is as follows:

David de Jongh Weill - Non-executive Chairman

Ian Stalker - Acting CEO

Gordon Cassidy - Finance Director

John P Lynch - Non-Executive Director

Enquiries:

Niger Uranium Limited

Ian Stalker

Tel: +27 11 269-4900

Nominated Adviser, Beaumont Cornish Limited

Tel: +44 (0) 207 628 3396

Michael Cornish

ENDS