Appointment of Director (6886I)
June 20 2011 - 2:00AM
UK Regulatory
TIDMFDI
RNS Number : 6886I
Firestone Diamonds PLC
20 June 2011
Firestone Diamonds plc
Appointment of Director
LONDON: 20 June, 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 Paul Sobie to
its Board as Non-executive Director with immediate effect.
Mr Sobie is an economic geologist specializing in the
exploration and evaluation of diamond deposits, with over 20 years'
professional experience including extensive project development for
clients in both the junior and senior mining sectors, including De
Beers, Falconbridge, Firestone Diamonds, Stellar Diamonds, Siberian
Diamonds and Kopane Diamond Developments. Mr Sobie's work in
diamonds has had a particular focus on Southern Africa, and he has
a very good understanding of Firestone's operations in Botswana and
Lesotho, having consulted to the Company for a number of years. Mr
Sobie is currently President and Managing Partner of MPH Consulting
Limited of Toronto, Canada, an international mineral exploration,
geological and geophysical consultancy.
Welcoming Mr Sobie to the Board, Philip Kenny, Chairman of
Firestone Diamonds, commented: "We are very pleased to be able to
welcome someone with the extensive experience of the diamond
business as Paul Sobie to our Board, and believe that he will be
able to make a significant contribution to the development of
Firestone as we make the transition to become 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
Philip Kenny, Chairman, Firestone 324 645
Diamonds +27 78 457 6623/+267 713
Tim Wilkes, CEO, Firestone Diamonds 77686
Rory Scott, Mirabaud Securities
(Nominated Broker) +44 20 7878 3360
Alexander Dewar, Brewin Dolphin
(Nominated Adviser) +44 131 529 0276
Gregory Matsake, Capital Securities +267 318 8886/+267 713
(Corporate Broker, Botswana) 21421
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.
Paul Andrew Sobie, 50, is a director of the following
companies:
MPH Consulting Limited, Forrester Resources Corporation and
IronOne Inc.
In the past five years, Mr Sobie has been a director of the
following companies:
Siberian Diamonds Limited.
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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