28 October
2020
ALTONA ENERGY PLC
(“Altona” or “the Company”)
Appointment of
Chairman
The Board of Altona (Aquis Growth Market: ANR.PL), a mining
exploration company with a focus on Rare Earth Element mining
projects in Africa, announces the
appointment of Martin Wood as
Non-Executive Chairman with immediate effect. Mr Wood will receive
his first year’s fee in Altona Energy ordinary shares.
Martin Wood (Aged 51), is the
founder and Managing Director of Vicarage Capital, an FCA
registered, full service brokerage house which provides assistance
to junior and mid-cap resources companies. Martin established
Vicarage Capital in 2003 and has advised many companies on their
AIM listings and long-term mining strategies.
Martin was the CEO of ASX listed, Kogi Iron Limited between 2017
and 2019, where he secured a community development agreement with
key stakeholders, arranged indicative offers for full bank
debt-based project financing, as well as completing various
on-going milestones, including a Scoping Study and metallurgical
test work, as part of the definitive feasibility study.
Between 1993 and 2003, Martin worked in corporate finance at NM
Rothchild & Sons, Standard Bank, London and Benfield Advisory, providing
services to resources companies.
Martin has an MBA from Exeter
University which he gained in 1993.
Christian Taylor-Wilkinson,
Interim CEO of Altona, commented, “We welcome Martin to the
board, as he brings with him many years’ experience in the mining
sector, specifically in Africa.
His long history as a City professional will provide the Company
with valuable insight, helping shape the Board’s decisions when
executing its responsibilities on the African Rare Earths projects
we are looking to acquire and defining our future strategy as we
consider investing in other Rare Earths mining assets.”
For further information, please visit www.altonaenergy.com or
contact:
Altona Energy
plc
Christian Taylor-Wilkinson, Interim CEO
Philip Sutherland, Non-Executive Director |
+44 (0) 7795 168 157
+61 (0)402 440 339 |
Alfred Henry
Corporate Finance Ltd (NEX Corporate Adviser)
Jon Isaacs / Nick Michaels |
+44 (0) 20 3772 0021 |
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Further Information on Martin Wood
Martin John Wood, aged 51, is or
has been in the last five years a director of the following
companies:
Current Directorships |
Directorships in the last 5
years |
Vicarage Capital Limited |
BrainsWorks Limited |
Toya Gold SL |
New Leaf Advisory Limited |
Hurdwick Golf Club Limited |
Med Web Limited |
LHC Mine Finance Limited |
Cypher Value Metrics Limited |
Save as disclosed above, there is no
additional information relating to Philip
Sutherland which falls to be disclosed pursuant to paragraph
21 of Appendix 1 of the Aquis Stock Exchange Rules for Issuers.
Company Information
Altona is a mining exploration company focused on the
evaluation, development and extraction of Rare Earth Element (REE)
metals in Eastern Africa.
The Company was admitted to trading on AIM on 10 March 2005 and was subsequently admitted to
Aquis Stock Exchange (previously NEX) on 1 February 2019. A
copy of its Admission documents dated 4
March 2005 can be accessed on its website,
www.altonaenergy.com. This website is where items can be
inspected under Rule 75 of the Aquis Rules for Issuers, from
1 February 2019.