BlueRock Diamonds PLC Board Change and Director's Disclosure (2413H)
November 13 2018 - 11:15AM
UK Regulatory
TIDMBRD
RNS Number : 2413H
BlueRock Diamonds PLC
13 November 2018
BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources
13 November 2018
BlueRock Diamonds PLC ('BlueRock' or the 'Company')
Board Change and Director's Disclosure
BlueRock Diamonds plc, the AIM listed diamond mining company
which owns and operates the Kareevlei Diamond Mine in the Kimberley
region of South Africa ("Kareevlei"), announces that Paul Beck has
today resigned as Non-Executive Director of the Company with
immediate effect. The Board wishes to thank Paul, a founder
director of the Company, for the support and commitment he has
shown the Company over the last 6 years. Paul wishes Michael
Houston every success as the Company's new Chairman and will remain
available as a consultant to the Company.
In accordance with AIM Rule 17, the Company announces that
Non-Executive Director of the Company, Timothy Leslie and James
Caird Asset Management LLP (an entity of which Mr. Leslie is a
partner and owner) reached a voluntary settlement (the
"Settlement") with the Securities and Exchange Commission of the
United States of America ("SEC") on 2 June 2016 (Administrative
Proceeding File No. 3-17276); the full details of which can be
found on the SEC website at
https://www.sec.gov/litigation/admin/2016/ia-4413.pdf . The SEC
acknowledged the assistance of the U.K.'s Financial Conduct
Authority ("FCA") in respect of this matter.
Tim Leslie was at the time of the Settlement and remains an FCA
approved person, performing a number of significant influence
functions in relation to JCAM Investments Limited (a Company
authorised by the FCA and wholly owned by Mr Leslie). No action was
taken by the FCA in respect of the matters the subject of the
Settlement.
Contact:
BlueRock Diamonds PLC awaugh@bluerockdiamonds.co.uk
Adam Waugh, CEO dfacey@bluerockdiamonds.co.uk
David Facey, FD
SP Angel (NOMAD and Broker) Tel: +44 (0)20 3470 0470
Stuart Gledhill / Caroline Rowe
--------------------------------
SVS Securities plc (Joint Broker)
Tom Curran Tel: +44 (0)20 3700 0100
--------------------------------
Turner Pope Investments (Joint
Broker) Tel: +44 (0) 20 3621 4120
Lewis Jones/Andy Thacker
--------------------------------
St Brides Partners Ltd (Financial Tel: +44 (0)20 7236 1177
PR)
Lottie Wadham / Juliet Earl
--------------------------------
Notes to editors:
BlueRock Diamonds is an AIM-listed diamond producer which
operates the Kareevlei Diamond Mine near Kimberley in South Africa
which produces diamonds of exceptional quality and ranks in the top
ten in the world in terms of average value per carat. The Kareevlei
licence area covers 3,000 hectares and hosts five known
diamondiferous kimberlite pipes. As at 3 September 2018, it was
estimated that the remaining Inferred Mineral Resource from the
three kimberlite pipes (KV1, KV2 and KV3) represents a potential
inground value of circa US$124 million at a current average run of
mine diamond value of US$362/carat.
For further information, please visit BRD's website
www.bluerockdiamonds.co.uk
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END
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