Asiamet Resources Limited Asiamet Resources Strengthens Board And Management
February 21 2017 - 2:01AM
UK Regulatory
TIDMARS
Asiamet Resources Limited ("ARS" or the "Company") is pleased to
announce a further strengthening of its Board and management team as it
advances the BKM feasibility study through to completion in 2017 and
ramps up project financing and mine development related activities.
Simultaneously the Company is continuing to progress its other high
potential Indonesian copper and gold projects, delisting from the TSX-V
and consolidating its listing on the London AIM.
Effective February 20, 2017, Tony Manini the current Chief Executive
Officer and Vice Chairman will assume the position of Executive Chairman
of the Board and Mr Peter John Bird, a highly experienced mining company
executive will join Asiamet in the full time role of Chief Executive
Officer. Mr Bird, 53, will also join the Asiamet Board as Vice Chairman.
Peter Pollard the current Chairman of the Board will continue as a
non-executive director.
Further changes to the Board will be announced in due course as the
focus of Company activities transitions from exploration and feasibility
studies to project financing, mine construction and operations.
Peter Bird is an experienced, well known and highly respected mining
industry executive. His extensive experience covers technical,
management, investment and human resource positions with major companies
such as Western Mining Corporation, Merrill Lynch Equities and Newmont
Mining. He has held senior executive roles at Newcrest Mining and
Normandy Mining, two of Australia's largest gold producers with
substantial operations in Indonesia. Peter was most recently the
Managing Director of Heemskirk Consolidated Limited, an Australian
listed producer of industrial minerals in Canada and previously operator
of the Pajingo gold mine in Australia and the Los Santos tungsten mine
in Spain. Over the past three years he has led the feasibility,
financing and development of an industrial minerals project in Canada.
Mr. Bird has a Bachelor of Applied Science in Geology from LaTrobe
University and is a member of the Australian Institute of Mining and
Metallurgy and the Australian Institute of Company Directors.
On February 13, 2017, Mr. Bird was granted 8 million stock options of
the Company on the following terms, assuming continued employment: 2
million options will vest February 20, 2018 at an exercise price of 6p
per share, 2 million options will vest February 20, 2018 at an exercise
price of 8 p per share, 2 million options will vest February 20, 2019 at
an exercise price of 10 p per share and 2 million options will vest
February 20, 2019 at an exercise price of 12 p per share.
Tony Manini, Asiamet's Chief Executive Officer commented:
Asiamet is rapidly advancing towards a major milestone in its life as a
Company. While this represents a very exciting time for all our
stakeholders, the complexity and intensity of activities required to
transition from exploration and feasibility studies through project
financing to mine construction and operations in a developing country is
very significant. As such we are very pleased to have attracted an
executive of Peter Bird's calibre to join our operational team and I am
looking forward to working closely with him to lead the Company through
this next exciting phase. As Executive Chairman my commitment to the
success of Asiamet remains unwavering and acutely focussed on business
critical strategic matters. The addition of Peter's experience across
all facets of the mining business in both major and junior company
environments including recent project financing and development
experience is highly relevant to Asiamet's current status. As a top
rated mining analyst, investor relations manager and Managing Director
his extensive capital markets experience will prove highly beneficial as
we look to further expand our investor base. It speaks volumes for the
quality of our project portfolio and team that Peter has elected to join
Asiamet at this time and we warmly welcome him to the Company."
Companies and partnerships of which Mr Bird has been a director or
partner in the last five years:
Current:
-- Australian Resources Evaluation & Development Pty Ltd
-- Resource Executive Services Pty Ltd
-- Tambo Trading Pty Ltd
Past:
-- Excelsior Gold Limited
-- GPM Resources Pty Ltd
-- Heemskirk Consolidated Limited
-- Heemskirk Canada Limited
-- Heemskirk Canada Holdings Limited
-- Heemskirk Technical Services Pty Ltd
-- HSK Trading Pty Ltd
-- HCA Mountain Minerals (Moberly) Limited
-- HCA Mountain Minerals (Lethbridge) Limited
-- HCA Mountain Minerals (Nevada) Limited
Other than as provided in this announcement, no other disclosures in
relation to Mr Bird are required under Rule 17 and Schedule 2 of the AIM
Rules for Companies.
ON BEHALF OF THE BOARD OF DIRECTORS
Tony Manini, Deputy Chairman and CEO
-Ends-
For further information, please contact:
Tony Manini
Deputy Chairman and CEO, Asiamet Resources Limited
Telephone: +61 3 8644 1300
Email: tony.manini@asiametresources.com
FlowComms Limited
Sasha Sethi
Telephone: +44 (0) 7891 677 441
Email: Sasha@flowcomms.com
Asiamet Resources Nominated Adviser
RFC Ambrian Limited
Andrew Thomson / Oliver Morse
Telephone: +61 8 9480 2500
Email: Andrew.Thomson@rfcambrian.com / Oliver.Morse@rfcambrian.com
VSA Capital Limited
Andrew Raca / Justin McKeegan
Telephone: +44 20 3005 5004 / +44 20 3005 5009
Email: araca@vsacapital.com
Optiva Securities Limited
Christian Dennis
Telephone: +44 20 3137 1903
Email: Christian.Dennis@optivasecurities.com
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Asiamet Resources Limited via Globenewswire
http://www.asiametresources.com
(END) Dow Jones Newswires
February 21, 2017 02:01 ET (07:01 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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