Ferrum Crescent Ltd Directorate Change (6786B)
January 12 2018 - 1:00AM
UK Regulatory
TIDMFCR
RNS Number : 6786B
Ferrum Crescent Ltd
12 January 2018
12th January 2018
Ferrum Crescent Limited
("FCR", the "Company" or the "Group")(ASX, AIM, JSE: FCR)
Directorate Changes - Appointment of Chairman
FCR, the European lead-zinc explorer, is pleased to announce
that Mr Colin Bird has been appointed to the Board of the Company,
as a Non-Executive Director and Chairman, with immediate effect. Mr
Grant Button, interim Non-Executive Chairman, will resume his
former role as Non-Executive Director.
The appointment of Mr Bird continues the process of
strengthening the FCR Board as the Company progresses its wholly
owned Toral lead-zinc and associated metals project in the Province
of Léon, Spain. As Non-Executive Chairman and a supportive
shareholder of FCR,
Mr Bird brings a wealth of experience of successfully developing
natural resource companies through value realisation from both
transactions and production. The Board welcomes his valuable input
and guidance as it seeks to cost effectively advance its European
asset portfolio.
The Company remains on schedule to publish a maiden independent
JORC (2012) resource estimate for Toral by the end of January
2018.
Mr Bird is a chartered mining engineer with extensive
multi-commodity mine management experience in Africa, Europe, Latin
America and the Middle East. Mr Bird's operational and corporate
experience, includes the development of the Jubilee Metals Group
production portfolio, concentrating on Platinum Group Metals in
South Africa, in addition to the successful sale of Kiwara plc.
Kiwara plc was sold to First Quantum Minerals (TSX: FM) for US$260
million in November 2009, whilst its project was undertaking infill
drilling at the Kalumbila copper-nickel deposit in north-western
Zambia.
The following additional information is provided in accordance
with paragraph (g) of Schedule Two of the AIM Rules for Companies
in relation to the appointment of Mr Bird:
Colin Bird (aged 74)
Current Directorships Past Directorships / Partnerships
/ Partnerships (last 5 years)
----------------------------- ----------------------------------
1 Tara Bar and Restaurant
African Pioneer Plc CC
Bird Leisure and Admin
(Pty) Ltd Add X Trading 810 CC
Braemore Resources Ltd Afminco (Pty) Ltd
Dullstroom Plats (Pty)
Ltd Dialyn Café CC
Emanual Mining and Exploration
Galagen (Pty) Ltd (Pty) Ltd
Galileo Resources Plc Isigidi Trading 413 CC
Galileo Resources South Jubilee Smelting & Refining
Africa (Pty) Ltd (Pty) Ltd
Glenover Phosphate (Pty) Mokopane Mining & Exploration
Ltd (Pty) Ltd
Holyrood Platinum (Pty)
Ltd NDN Properties CC
Jubilee Metals Group
Plc Orogen Gold Plc
Jubilee Tailings Treatment Pilanesberg Mining Co
Company (Pty) Ltd (Pty) Ltd
Lion Mining Finance
Ltd Pioneer Coal (Pty) Ltd
M.I.T. Ventures Group PowerAlt (Pty) Ltd
Maude Mining & Exploration
(Pty) Ltd SacOil Holdings Ltd
New Age Metals Inc Sovereign Energy Plc
NewPlats (Tjate) (Pty)
Ltd
Revelo Resources Corp
Tiger Resource Finance
Plc
Tjate Platinum Corporation
(Pty) Ltd
Umhlanga Lighthouse
Café CC
Windsor Platinum Investments
(Pty) Ltd
Xtract Resources Plc
Mr Bird holds an interest in 50,000,000 ordinary shares in the
Company, representing approximately 1.64 per cent of the existing
issued ordinary shares.
There is no other information that is required to be disclosed
pursuant to paragraph (g) of Schedule Two to the AIM Rules for
Companies.
Commenting today, Mr Laurence Read, Executive Director,
said:
"The appointment of Colin to the FCR Board brings a wealth of
operational and transactional experience to the Company as we look
to progress our 100% owned Toral lead-zinc and associated metals
project in Spain. Our objective is to realise shareholder value
from targeted exploration activities on our promising portfolio
assets and we look forward to Colin's assistance and guidance in
this regard. We look forward to announcing a maiden JORC (2012)
resource estimate for Toral in the near term."
Colin Bird, Chairman, went onto say;
"I am pleased to be joining Ferrum Crescent which is a highly
focused company with a developing European lead zinc portfolio. The
management team has a highly motivated approach to the Spanish lead
Zinc Toral project, which is a project with strong underlying
fundamentals and numerous upside potential. Additionally I perceive
a European renaissance in base metal mining and the team is well
equipped to search out, acquire and develop European base metal
opportunities."
For further information on the Company, please visit
www.fcrexploration.com or www.ferrumcrescent.com or contact:
Ferrum Crescent Limited
Grant Button, Non-Executive Director (Australia)
T: +61 8 9474 2995
Laurence Read, Executive Director (UK)
T: + 44 (0)20 3289 9923
Strand Hanson Limited (Nominated Adviser)
Rory Murphy / Matthew Chandler
T: +44 (0)20 7409 3494
Peterhouse Corporate Finance Limited (Broker)
Lucy Williams / Duncan Vasey / Heena Karani
T: +44 (0)20 7469 0930
Beaufort Securities Limited (Broker)
Elliot Hance
T: +44 (0)20 7382 8300
Bravura Capital (Pty) Ltd (JSE Sponsor)
Melanie De Nysschen
T (direct): +27 11 459 5052
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 ('MAR').
This information is provided by RNS
The company news service from the London Stock Exchange
END
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