11 Mar 2009 07:00
GCM Resources plc
Director Change
GCM Resources plc (GCM) advises that Mr Gary Lye has stepped down as a director of GCM to become Chairman of Asia Energy Corporation (Bangladesh) Pty Ltd, the Company's principal subsidiary through which it owns the Phulbari Coal Project.
Steve Bywater, Chief Executive of GCM said "Gary was key to the preparation of the Scheme of Development for the Phulbari Coal Project which was submitted to the Government of Bangladesh in late 2005 and for the last four years he has also served on the Board of GCM. On stepping down from the GCM Board, Gary will now focus exclusively on the Project as we build up our efforts with the newly elected Government of Bangladesh to move the Project forward."
| GCM Resources plc Stephen Bywater Chief Executive +44 (0) 20 7290 1630 Graham Taggart Finance Director +44 (0) 20 7290 1630
| Pelham PR Charles Vivian +44 (0) 20 7743 6672
Klara Kaczmarek +44 (0) 20 3159 4395 | ||
| JPMorgan Cazenove Nominated Adviser Michael Wentworth-Stanley Mark Hankinson +44 (0) 207 588 2828 |
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| GCM Resources plc |
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| Tel: +44 (0) 20 7 290 1630, Fax: +44 (0) 20 7290 1631 |
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| info@gcmplc.com; www.gcmplc.com | |||
GCM Resources (GCM)