Shefa Gems Ltd Directorate Change (0684X)
December 17 2019 - 1:00AM
UK Regulatory
TIDMSEFA
RNS Number : 0684X
Shefa Gems Ltd
17 December 2019
17 December 2019
Shefa Gems Ltd.
("Shefa Gems" or the "Company")
Directorate Change
Shefa Gems (LSE: SEFA), a company focused on advanced
exploration and development of multi-gemstone projects in Northern
Israel, is pleased to announce the appointment of Mr. Yosef Itzhak
Taub to the Company's Board of Directors with effect from 2nd
December 2019. Since 2017, Yosef has been the CEO and Director of
One Hundred and One Gold Holdings Ltd., the current management
company of Shefa Gems.
Mr. Yosef Taub, aged 33, is a certified gemologist with
experience in polished and raw gem sorting and has managed the
Company's sample collection and geophysical surveys since 2010. He
is the son of Shefa Gems' late CEO Mr. Abraham 'Avi' Taub.
Yosef has long-standing relationships with numerous equity
investors in Israel, as well as abroad and worked closely with Avi
Taub, in securing funding for the Company and in the overall
management of the business.
He is also the owner of Eight-O-Eight Global Corp. through which
he holds a 5.7 per cent. shareholding in Shefa Gems and a 14.61 per
cent. in Shefa Yamim Ltd, Shefa Gems' holding company registered in
Israel.
There are no further disclosures to be made in relation to Yosef
Taub.
Chairman of the Board, Michael Rosenberg, OBE, said: "We are
delighted to welcome Yosef Taub to our Board. He has been an
integral part of the Company's management team and has managed the
fundraising and investor relations alongside Avi Taub, our late
CEO. He has become an integral part of Shefa Gems' evolving
management team and we are looking forward to him providing
continuity in managing the relationship with our longstanding
investors as well as making positive contributions to the business
as a member of the Board."
- Ends -
Enquiries
Shefa Gems Ltd
Michael Rosenberg, OBE - Chairman
www.shefagems.com +44 20 7938 4026
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VSA Capital Limited - Financial
Adviser
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Andrew Raca +44 20 3005 5000
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SI Capital Limited - Broker
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+44 20 3871 4038 / +44
Nick Emerson and Jon Levinson 1483 413500
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Luther Pendragon
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Harry Chathli, Alexis Gore, Rachel
So +44 20 7618 9100
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Notes to Editors
About Shefa Gems Ltd
Shefa Gems Ltd (LSE: SEFA) is a multi-commodity explorer of
precious stones operating in Northern Israel. Exploration activity
is managed by professionally skilled and technically competent
personnel and is accompanied by an international team of geological
experts with decades of proven experience in their fields.
All exploration activities are conducted under international
standards and the internationally recognised SAMREC 2016 Code.
Furthermore, its four (4) permits, granted to it by the
Commissioner of Mines at the Ministry of Energy, Natural Resources
Administration, Israel, extend over an area of approximately
600,000 Dunam (60,000 hectares) that includes the Kishon River, the
volcanic bodies on Mount Carmel, the Zevulun and Yizre'el valleys
and their margins - Menashe Hills, Tivon-Alonim Hills, and Nazareth
range. The Company upholds environmental values and protects the
nature in the areas where it operates, cooperating fully with all
authorities.
Alongside its exploration activities, the Company is building on
the launch of the "Heaven on Earth" jewellery collection and
developing the Company's "Mine to Market" strategy to promote
unique jewellery collections utilising Shefa Gems' suite of
precious gemstones.
The exclusive "Heaven on Earth" collection is now available to
view online on the website of the designer Yossi Harari at:
www.yossiharari.com/collections/heaven-on-earth-1
For further information please visit the website at
www.shefagems.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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