URU Metals Limited Board changes (9855H)
June 13 2017 - 10:15AM
UK Regulatory
TIDMURU
RNS Number : 9855H
URU Metals Limited
13 June 2017
URU Metals Limited
("URU Metals" or "the Company")
Board changes
URU Metals (AIM:URU), the base metals and uranium explorer and
development company, is pleased to announce that Henry Kloepper has
been appointed as the Company's Executive Chairman. His main
responsibilities will be to manage the ongoing technical operations
of the Zebediela Nickel Project and to conclude final negotiations
for the expected acquisition of lithium projects already identified
by the Board and by Henry in his previous role as an advisor to the
Board.
Mr Kloepper is currently CEO of Captor Capital Corporation
(formerly NWT Uranium Corporation), the Company's largest
shareholder. Until February this year, he was non-board CEO of
Frontier Lithium Inc., which is developing a world-class lithium
deposit in northwestern Ontario. Mr. Kloepper has worked in
investment banking and structured finance throughout a 30 year
career. He has held executive positions with JP Morgan, Citibank,
Bank of America, and North American Trust, in Canada, the US and
Europe. Further information on Mr Kloepper as required by the AIM
Rules for Companies is set out at the end of this announcement.
Mr. Subotic has advised the Board that he is stepping down from
all his public company directorships as a compliance requirement of
the fund management company he works for. He has committed to the
Board to hold the 24,633,333 shares in the Company in which he is
interested (including the 3,000,000 shares he recently acquired at
2p per share following the exercise of his options) on a long term
basis.
John Zorbas, Chief Executive Officer, commented: "On behalf of
the Board, I would like to welcome Henry as our new Chairman. The
Company is fully funded for its operational costs and current work
programme. We look forward to moving our lithium project targets
beyond the evaluation stage towards acquisition on terms which
enhance shareholder value. On behalf of the Board, I would also
like to thank David for his contribution to the Company since
joining the Board in July 2012. He leaves with our best
wishes".
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
END
For further information, please contact:
URU Metals Limited
John Zorbas
(Chief Executive Officer) +1 416 504 3978
Northland Capital Partners Limited
(Nominated Adviser and Joint Broker)
Edward Hutton / Matthew Johnson + 44 (0) 203 861 6625
Beaufort Securities
Limited
(Joint Broker)
Jonathan Belliss + 44 (0) 207 382 8300
SVS Securities Plc
(Joint Broker)
Tom Curran +44 (0) 203 700 0093
Further information on Henry Kloepper
Henry Josef Kloepper, aged 67, is or has been in the last five
years a director of the following companies:
Current Directorships Directorships in
the last 5 years
Captor Capital Corporation Gilla Inc.
(formerly NWT Uranium
Corporation)
Kure Technologies, Inc Pacific Software
(formerly Unique Broadband Inc
Systems Inc)
SoFit Mobile Inc (formerly DealNet Capital Corp.
InterAmerican Gaming
Inc)
Primaria Capital
(Canada) Ltd
There is no further information on Mr Kloepper to be disclosed
under Schedule Two (g) of the AIM Rules for Companies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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