18 Dec 2014 07:00
18 December 2014
W Resources Plc
("W" or the "Company")
Director Appointment
W Resources Plc (AIM:WRES), the tungsten, copper and gold mining, exploration, development and production company, with assets in Spain and Portugal, is pleased to announce the appointment of David Garland as Non-Executive Director of the Company with immediate effect.
David Garland practised between 1987 and 2007 as a barrister at Brick Court Chambers, London, a leading Commercial and European law barristers' chambers in England. David's practice covered most aspects of commercial law, including commercial contracts and corporate governance. Between 2007 and 2012 David was General Counsel and Company Secretary to Dominion Petroleum Limited an AIM-listed oil and gas exploration company incorporated in Bermuda with exploration areas in Tanzania, Uganda, the Democratic Republic of the Congo and Kenya until it was acquired by Ophir Energy plc. David was a founder, and is currently General Counsel and a director, of Atacama Metals Holdings Limited, a private Hong Kong registered copper exploration company, with mining concessions and interests, in the Atacama Desert in Chile.
Michael Masterman, Chairman of W Resources, commented: "The appointment of David Garland to the Board represents another important step in the Company's progression and we are delighted to have attracted a person of David's experience and expertise. I welcome David to the Board and look forward to working with him as we approach what we believe will be a formative period for W Resources in 2015 and to continue to deliver on our strategy for shareholders "
David Garland, commented: "I am very pleased to be joining the W Resources Board during this exciting phase of the Company's development. I look forward to working with the team to help develop the Company's valuable assets."
David Robertson Garland, aged 51, is or was a director of the following companies during the last five years:
Current directorships | Previous directorships |
- Atacama Metals Holdings Limited | - Dominion Petroleum Administrative Services Limited |
- Dominion Petroleum Limited |
There is no other information that is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies.
Enquiries:
W Resources Plc | Grant Thornton UK LLP |
Michael Masterman | Colin Aaronson / Jen Clarke / Harrison Clarke |
T: +44 (0) 20 7193 7463 | T: +44 (0) 20 7383 5100 |
www.wresources.co.uk | |
SI Capital | Gable Communications |
Andy Thacker / Nick Emerson | John Bick |
T: +44 (0) 1483 413500 | T: +44 (0) 20 7193 7463 |
www.sicapital.co.uk | M: +44 (0) 7872 061007 |
About W
In 2012, W Resources Plc (AIM: WRES) made the successful transition into a tungsten production, exploration and development company with projects in Spain and Portugal, following two acquisitions. Projects now include La Parrilla, a tungsten project in Spain, the Régua and Tarouca Tungsten projects and the Portalegre gold project in Portugal.
The Company's deposits and tungsten mine developments offer a low cost, high margin resource development opportunity due to a strong market following for tungsten, increased trading and a forecast shortage of supply. The price of tungsten has more than doubled in the past three years and is in the EU top 5 critical metals list.
The Board is focused to explore further opportunities in the region with a view to building a mid-tier minor metal producer.
The Company was incorporated in England and Wales in 2004.