Kodal Minerals PLC Board Appointment (9055W)
November 20 2017 - 1:01AM
UK Regulatory
TIDMKOD
RNS Number : 9055W
Kodal Minerals PLC
20 November 2017
Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining
20 November 2017
Kodal Minerals plc ('Kodal Minerals' or 'the Company')
Board Appointment
Kodal Minerals plc, the AIM quoted mineral exploration and
development company, is pleased to announce the appointment of Dr
Qingtao Zeng to the Kodal Board as a non-executive Director with
immediate effect. Dr Zeng is the appointed representative of Suay
Chin International Pte ("Suay Chin") which recently completed its
subscription to take a 20 per cent shareholding in the Company.
Dr Zeng completed a PhD in geology at the University of Western
Australia in 2013. Dr Zeng has been engaged as a consulting
geologist, principally working with CSA Global based in Perth,
Australia, and has a range of geological and commercial
specialities. Since 2015, Dr Zeng has been extensively involved in
the lithium exploration and development sector and through his
strong network of contacts throughout China has helped clients
complete a range of contracts relating to the supply or purchase of
lithium in the form of concentrate or direct shipping ores.
Commenting on the appointment, Robert Wooldridge, Chairman, said
"We are delighted to welcome Qingtao to our Board as further
demonstration of the support and cooperation from Suay Chin.
Qingtao is an experienced mining consultant and his knowledge and
advice will be of great benefit to the Company as we continue to
explore and develop our Bougouni lithium project in Mali."
Under the Relationship Agreement between the Company and Suay
Chin, Suay Chin has the right to Board representation for as long
as it holds not less than 12 per cent of the issued share capital
of the Company. In addition, Dr Zeng has been granted options over
10 million ordinary shares of the Company. These options are
exercisable at a price of 0.38 pence per share, being the same
price as the recent subscription to shares by Suay Chin, and have a
life of 5 years from grant. 50 per cent. of the options are
exercisable immediately, with a further 25 per cent. becoming
exercisable after one year and the remaining 25 per cent. becoming
exercisable in two years' time.
AIM rules disclosures
Dr Qingtao Zeng, aged 34, is, or has during the last five years
been, a director or partner of the following companies and
partnerships:
Current directorships/partnerships Past directorships/partnerships
GeoSmart Consulting Pty Prosper Minerals Pty Ltd
Ltd (deregistered)
Ruiyuan Australia Pty Ltd
Kalgoorlie Treasure Resources
Pty Ltd
Mining Value Fund Pty Ltd
**ENDS**
For further information, please visit www.kodalminerals.com or
contact the following:
Kodal Minerals plc Tel: +61 418
Bernard Aylward, CEO 943 345
Allenby Capital Limited, AIM Nominated Tel: 020 3328
Adviser 5656
Jeremy Porter/Nick Harriss
SP Angel Corporate Finance LLP, Tel: 020 3470
Financial Adviser & Broker 0470
John Mackay
St Brides Partners Ltd, Financial Tel: 020 7236
PR 1177
Susie Geliher/Megan Dennison/Lottie
Wadham
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------
a) Name Qingtao Zeng
--- ------------------------------- -------------------------------
2. Reason for the Notification
--- ----------------------------------------------------------------
a) Position/status Non-Executive Director
--- ------------------------------- -------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- -------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- ----------------------------------------------------------------
a) Name Kodal Minerals plc
--- ------------------------------- -------------------------------
b) LEI 213800VKFS7TS32EGI81
--- ------------------------------- -------------------------------
4. Details of the transaction(s): section
to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- ----------------------------------------------------------------
a) Description Options over
of the Financial ordinary shares
instrument, of 0.03125p
type of instrument
---
Identification GB00BH3X7Y70
code
--- ------------------------------- -------------------------------
b) Nature of the Grant of Options
transaction
--- ------------------------------- -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------------- -----------
Exercise price
0.38 pence
per share 10,000,000
---------------- -----------
--- ------------------------------- -------------------------------
d) Aggregated information: n/a
Aggregated
volume
Price
--- ------------------------------- -------------------------------
e) Date of the 18 November 2017
transaction
--- ------------------------------- -------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- -------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOABKLLFDFFBFBE
(END) Dow Jones Newswires
November 20, 2017 02:00 ET (07:00 GMT)
Kodal Minerals (LSE:KOD)
Historical Stock Chart
From Apr 2024 to May 2024
Kodal Minerals (LSE:KOD)
Historical Stock Chart
From May 2023 to May 2024