Directorate Change (7416F)
May 03 2011 - 2:02AM
UK Regulatory
TIDMFDI
RNS Number : 7416F
Firestone Diamonds PLC
03 May 2011
Firestone Diamonds plc
Appointment of Finance Director
LONDON: 3 May, 2011
Firestone Diamonds plc, ("Firestone" or "the Company"), the
AIM-quoted diamond mining and exploration company (ticker:
AIM:FDI), is pleased to announce the appointment of Angus Ogilvie
to its Board as Finance Director with immediate effect.
Mr. Ogilvie is an Associate of the Chartered Institute of
Management Accountants (UK) and has a Bachelor of Accounting
Science degree (BCompt) from the University of South Africa. He has
thirteen years' experience in the mining sector in Africa,
including five years with Debswana and three years with Stellar
Diamonds plc.
In his most recent position as Finance Director of Stellar
Diamonds, Mr Ogilvie was instrumental in the listing of Stellar
Diamonds on AIM through a reverse takeover of West African Diamonds
and the raising over GBP16 million in equity funding. Mr Ogilvie
has worked as an accountant in Botswana for Debswana and Botswana
Ash and in South Africa for Deloitte, Dunlop and Wilkinson Sword.
He has also worked in the UK as a stockbroker for Edward Jones and
in senior financial management roles for companies including
Elsevier, Beko and Siemens.
Welcoming Mr Ogilvie to the Board, Mr Kenny, Chairman of
Firestone Diamonds, commented: "We are very pleased to have Angus
join Firestone's senior management team. The extensive skills and
experience that he brings will play an important role in supporting
Firestone's development into a significant diamond producer."
For further information, visit the Company's web site at
www.firestonediamonds.com or contact:
+44 20 8834 1028/+44 7831
324 645
Philip Kenny, Firestone Diamonds +27 78 457 6623/+267 713
Tim Wilkes, Firestone Diamonds 77686
Tim Redfern, Evolution Securities
(Joint Broker) +44 20 7071 4312
Rory Scott, Mirabaud Securities
(Joint Broker) +44 20 7878 3360
Alexander Dewar, Brewin Dolphin
(Nominated Adviser) +44 131 529 0276
Jos Simson / Emily Fenton, Tavistock +44 20 7920 3150/+44 7899
Communications 870 450
Information required to be disclosed pursuant to Rule 17 and
Schedule 2 paragraph (g) of the AIM Rules.
Angus Alexander Forbes Ogilvie, 51, has no current directorships
nor is a member/partner of any partnerships. In the past five
years, Mr Ogilvie has been a director of the following
companies:
Stellar Diamonds Plc
Stellar Diamonds Ltd.
Guinean Diamond Corporation Ltd.
Basama Diamonds Ltd.
Castlebay Resources Ltd.
Other than the information contained within this announcement,
there is no further information required to be disclosed by the AIM
Rules.
Background information on Firestone Diamonds:
Firestone Diamonds plc is an international diamond mining and
exploration company with operations focused on Lesotho and
Botswana. Firestone operates the Liqhobong Mine in Lesotho and the
BK11 Mine in Botswana. Firestone is also the largest holder of
mineral rights in Botswana's diamondiferous kimberlite fields,
controlling approximately 10,000 square kilometres around the major
Orapa and Jwaneng mines and the entire Tsabong kimberlite field. In
addition to Liqhobong and BK11, Firestone has 108 kimberlites in
its portfolio, of which 30 have been proven to be
diamondiferous.
Lesotho is emerging as one of Africa's significant new diamond
producers, and hosts Gem Diamonds' Letseng Mine, Firestone's
Liqhobong Mine as well as the Kao and Mothae development projects.
Botswana is the world's largest and lowest cost producer of
diamonds, with annual production worth over $2.5 billion, and is
considered to be one of the most prospective countries in the world
to explore for diamonds.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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