New Director. Placing
June 01 2007 - 1:46PM
UK Regulatory
RNS Number:6764X
Dimension Resources Ld
01 June 2007
Dimension Resources Limited ("Dimension")
Appointment of Director
Dimension Resources Limited announces that Mr Charles Rowell Jonathan
Morley-Kirk (aged 45) has joined the board of Dimension with immediate effect.
Jonathan has previously held director positions with Midland Bank, Kidder
Peabody Securities, SG Warburg Securities and Brown Shipley. He is a Fellow of
the Institute of Chartered Accountants, a Member of the Society of Trust and
Estate Practitioners, a Fellow of the Securities and Investments Institute, and
a Member of the Expert Witness Institute.
He is currently chairman of Fox Davies Capital, the London based stockbroker
specialising in the natural resource sector, oil and gas, bio energy and
emerging markets. Jonathan's main function will be to assist in identifying
acquisitions for Dimension.
Dimension has also agreed to place 100, 000,000 new shares for cash at 0.25p per
share with sophisticated investors to raise #250,000. This cash will be used for
working capital. All cash is expected to be received by 15 June 2007 and
application will be made for the new shares to be admitted to trading on AIM;
such admission is expected to take place on 22 June 2007.
Commenting on these matters, Brian Moritz, Dimension's chairman, said "I am
delighted to be working with Jonathan again. His knowledge of the junior natural
resources market, oil and gas, and bio energy markets will be invaluable.
Dimension needs new ideas to supplement its South African stone business and the
further working capital will also assist in assuring the future of the company."
Information about his current and previous directorships is given below. There
are no other matters requiring disclosure in relation to Rule 17 and schedule 2
(g) of the AIM Rules.
For further information please contact:
* Gerry Beaney/Colin Aaronson, Grant Thornton Corporate Finance
(tel: 020 7383 5100)
* Brian Moritz, Dimension Resources Limited
(tel: 07976 994299)
Information to be disclosed pursuant Schedule 2(g) of the AIM Rules.
Jonathan Morley-Kirk holds, or has held, the following directorships or has been
partner in the following partnerships within the five years prior to the date of
this announcement:
Current Directorships
Fox-Davies Capital Limited
Cardinal Resources Plc
Fairground Gaming Holdings Plc
Rockwell Diversified Fund Limited
Titanium Capital Funds (Cayman)
Continental Capital SPC (Cayman)
Continental Alliance Fund (Cayman)
Financial Trading & Consultancy Ltd
Previous Directorships
Shield Capital Plc
Shimoda Resources Holdings Inc
Erebus Plc
Aspen Clean Energy Plc
ESAF Navigator CDO Fund Limited
This information is provided by RNS
The company news service from the London Stock Exchange
END
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