CFO Appointment
November 06 2007 - 4:45AM
UK Regulatory
RNS Number:0931H
Central African Gold PLC
06 November 2007
Central African Gold Plc / Ticker: CAN / Market: AIM / Sub-sector: Gold Mining
6th November 2007
Central African Gold Plc ("CAG" or the "Company")
Appointment of CFO
Central African Gold Plc, the AIM traded gold mining and exploration company, is
pleased to announce the appointment of Charles Prentice, 52, to the Board of
Directors and as the Company's Chief Financial Officer with immediate effect.
Charles Marcus Wickham Prentice, CA (SA), ACMA, MBA, has over 25 years of
financial experience working for large and small companies. Most recently he
was chief financial officer of AIM traded African Platinum plc, where he was
part of a small team that took Leeuwkop, the company's primary prospect, from
scoping study level to bankable feasibility in two years. He then facilitated
the company's R4 billion sale to Impala Platinum Limited, one of the world's
premier platinum group metal producers.
Additionally Charles has held other financial directorships and positions for
various companies including Lesotho Diamond Limited, South African Breweries,
Tibbitt and Britten and Press Corporation Limited.
Greg Hunter, Chief Executive Officer of CAG, said, "Charles has extensive
experience working within the mining and exploration sector and is ideally
qualified to support the CAG board in the development of its gold production and
exploration assets. We have already built a solid portfolio to be proud of and
are rapidly advancing all our projects with the intention of building on our
resource base in Ghana, Mali, Zimbabwe and Botswana. However, to advance the
Company further, we understand the need to invest in high quality people, so we
are therefore delighted to welcome Charles to the team. He will provide valuable
assistance to CAG, particularly in view of his extensive financial knowledge and
the strong relationships he has built in the African resource sector."
Past Directorships held within the last five years
Afplats (Pty) Limited (subsidiary of African Platinum Plc)
Imbasa (Pty) Limited (subsidiary of African Platinum Plc)
Inkosi (Pty) Limited (subsidiary of African Platinum Plc)
Tibbitt & Britten Africa (Pty) Limited
Mimic Mining UK Limited
Southern African Resources Limited
There are no other matters which are required to be announced with regard to
this appointment under paragraph (g) of Schedule 2 of the AIM Rules.
* * ENDS * *
For further information please visit www.centralafricangold.com or contact:
Central African Gold Plc
Greg Hunter/Nicole Broome Tel: +27 (0) 11 676 2500
In London:
St Brides Media & Finance Ltd
Hugo de Salis/Felicity Edwards Tel: +44 (0) 20 7242 4477
Strand Partners Limited
Simon Raggett /Braden Saunders Tel: +44 (0) 20 7409 3494
RBC Capital Markets
Martin Eales/Andrew Smith Tel: +44 (0) 20 7029 7881
In South Africa:
Russell and Associates
Charmane Russell Tel: + 27 (0) 11 880 3924
Notes to Editors:
Central African Gold Plc, admitted to AIM in April 2004, was established to
acquire gold assets with a geographical focus on Africa. The Company has
established a sound portfolio with projects in Ghana, Mali, Zimbabwe and
Botswana. It has a highly experienced management team, which has worked together
for four years managing six underground greenstone gold mining operations and
building exploration portfolios.
CAG's portfolio includes the producing Bibiani gold mine and prospecting
licences in Ghana, which it acquired from AngloGold Ashanti Limited, three joint
ventures in Mali covering 22 prospective permits and a licence in Botswana
covering the extension of the Kraaipan greenstone belt from South Africa. CAG
recently acquired five mines and extensive exploration properties in Zimbabwe.
The management team is evaluating additional prospects in Africa to establish
CAG as a leading mid-tier African gold producer with world class exploration and
production assets.
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAKQLBBDFBXFBE
Central African Gold (LSE:CAN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Central African Gold (LSE:CAN)
Historical Stock Chart
From Jul 2023 to Jul 2024