Ferrum Crescent Ltd Board, Company Secretary & Administrative Changes (9258B)
January 16 2018 - 2:00AM
UK Regulatory
TIDMFCR
RNS Number : 9258B
Ferrum Crescent Ltd
16 January 2018
16 January 2018
Ferrum Crescent Limited
("FCR", the "Company" or the "Group")(ASX, AIM, JSE: FCR)
Board, Company Secretary and Administrative Changes
FCR, the European lead-zinc explorer, is pleased to announce
that Mr Daniel Smith has been appointed to the Board of the Company
as a Non-Executive Director, as well as assuming the role of
Company Secretary, both with immediate effect. In addition, the
Company has appointed Minerva Corporate Pty Ltd ("Minerva
Corporate"), a company which is part-owned and controlled by Mr
Smith, to support its finance and administrative functions. These
changes form part of an ongoing programme by the Board to identify
and implement efficiencies and cost savings.
Mr Smith is a member of the Australian Institute of Company
Directors and the Governance Institute of Australia and has over 10
years' primary and secondary capital markets expertise. As a
director of Minerva Corporate, he has advised on, and been involved
in, over a dozen IPOs, RTOs and capital raisings on both the ASX
and NSX. His key focus is on corporate governance and compliance,
commercial due diligence and transaction structuring, as well as
ongoing investor and stakeholder engagement. Mr Smith is also
currently Company Secretary for Taruga Gold Limited and Love Group
Global Limited, both listed on the ASX. He holds a BA in
International Relations from Curtin University, Western
Australia.
Mr Grant Button has resigned from his position as Company
Secretary with immediate effect but will continue to serve as a
Non-Executive Director of the Company. The Board would like to
thank Mr Button for his valued contribution within the Company
Secretary role.
The following additional information is provided in accordance
with paragraph (g) of Schedule Two of the AIM Rules for Companies
in relation to the appointment of Mr Smith:
Daniel John Edward Alexander Durston Smith (aged 34)
Current Directorships Past Directorships / Partnerships
/ Partnerships (last 5 years)
Bridge The Gap Trading Accenture Investments Pty
Pty Ltd Ltd
Commodite Resources CoAssets Australia Pty Ltd
Pty Ltd
Goldfields Consolidated CoAssets Limited
Pty Ltd
Hemisphere Corporate Fraser Range Metals Group
Services (SA) Pty Ltd Limited
Hill 50 Gold Mines Pty Global Gold Holdings Limited
Ltd
Mallina Exploration Hemisphere Corporate Services
Pty Ltd Pty Ltd
Minerva Corporate Pty Jobstore Group Limited
Ltd
Minerva Equity Pty Ltd MSM Corporation International
Limited
Ordriver Mining Pty PLC Financial Solutions Limited
Ltd
Orwellian Pty Ltd Sing Kee Kaya Limited
Pilbara Commodites Pty Taruga Gold Limited
Ltd
SHH Group Limited York Energy NL
Sorrento Resources Pty
Ltd
Stirfire Limited
Wombat Resources Pty
Ltd
Yandal Metals Pty Ltd
Mr Smith was a former director of York Energy NL which entered
into administration on 9 September 2013 with a shortfall to
creditors of approximately A$2.5 million.
Mr Smith does not hold any existing interest in the Company's
ordinary shares.
There is no other information that is required to be disclosed
pursuant to paragraph (g) of Schedule Two to the AIM Rules for
Companies.
Commenting today, Mr Laurence Read, Executive Director,
said:
"We continue to identify and implement cost efficiencies in
order to best position the Company to deliver shareholder value
from our ongoing exploration work. The appointment of Daniel and
Minerva Corporate signals a new way forward for the administration
and financial management of the Company on shareholders' behalf. I
believe that appointing Minerva, a professional company secretarial
and administrative services provider to numerous ASX companies,
will enable us to deliver further cost savings and efficiencies
during 2018, thereby allowing the maximum amount of funds to be
allocated to continued exploration work at our promising Toral
lead-zinc and associated metals project in Léon, Spain. "
For further information on the Company, please visit
www.fcrexploration.com or www.ferrumcrescent.com or contact:
Ferrum Crescent Limited
Daniel Smith, Non-Executive Director and Company Secretary
(Australia)
T: +61 8 9486 4036
Laurence Read, Executive Director (UK) T: + 44 (0)20 3289
9923
Strand Hanson Limited (Nominated Adviser) Rory Murphy / Matthew
Chandler
T: +44 (0)20 7409 3494
Peterhouse Corporate Finance Limited (Broker) Lucy Williams /
Duncan Vasey / Heena Karani
T: +44 (0)20 7469 0930
Beaufort Securities Limited (Broker) Elliot Hance
T: +44 (0)20 7382 8300
Bravura Capital (Pty) Ltd (JSE Sponsor) Melanie De Nysschen
T (direct): +27 11 459 5052
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 ('MAR').
This information is provided by RNS
The company news service from the London Stock Exchange
END
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