Appointment of Finance Director
December 17 2010 - 3:37AM
UK Regulatory
TIDMFND
FINDERS RESOURCES LIMITED
For Release: 17(th) December 2010
James Wentworth appointed Finance Director
Finders Resources Limited (Company) is pleased to announce the appointment of
James Wentworth as Finance Director.
James's key responsibility will be to complete a financing package for the
expansion of the Company's Wetar Copper project to 20?25,000 tonnes per year
copper production. He will also be responsible for the financing of the further
development of the Ojolali Project.
James holds a Bachelor of Commerce and a Bachelor of Laws (Honours) from the
University of Queensland and is a qualified solicitor. He has more than 17
years of financial and commercial experience including a number of transactions
in the mining and mining services industries.
James began his career with law firm Feez Ruthning in Brisbane before joining
Macquarie Bank in their Project and Structured Finance and Corporate Advisory
divisions in Sydney and Wellington. He then moved to New York and worked in the
Mergers and Acquisitions division of Lehman Brothers for three years before
joining Goldman Sachs' Principal Investment Area. He has spent the last nine
years with Sydney-based private equity firm CHAMP Ventures where he was a
director and member of the Investment committee.
James is expected to join the board of the Company in February, replacing Mike
Stirzaker.
Russell Fountain, Finders Chairman commented: "The next twelve months will be a
very important period for Finders as we move to full scale production at the
Wetar Island Copper Project and continue to develop the Ojolali resource.
James's extensive experience in raising debt and equity capital will be critical
to ensuring that this rapid expansion proceeds on a firm financial footing. We
look forward to welcoming him to the board."
For further information please contact
Finders Resources Ltd:
Russell Fountain, Chairman, +61 2 9211 8299
Chris Farmer, Managing Director, info@findersresources.com
Additional information required to satisfy the requirements of the rules of the
AIM market
Full name: James Hamilton Wentworth
Age: 40
Other existing directorships: Maveric Holdings Pty Ltd, Islo Corporate Finance
Pty Ltd
Previous directorships held in the last 5 years: CHAMP Ventures Pty Ltd, APB
Holdings Australia Pty Ltd (and subsidiaries), HE Parts International LLC (and
subsidiaries), Employment Services Holdings Pty Ltd (and subsidiaries), G2
Therapies Pty Ltd (and subsidiaries), Mastermyne Pty Ltd (and subsidiaries).
James was also a non-executive director of Spectrum Fire Pty Ltd (and
subsidiaries) in April 2010 at the time the group was placed into
administration. The company was unable to meet its obligations due to a
downturn in the construction industry. The business was sold by the
administrators and no actions have been taken against directors.
Current shareholding in Finders Resources Ltd: To be issued 1,100,000 shares by
the Company at 43c per share to be funded by a loan from the Company.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Finders Resources Limited via Thomson Reuters ONE
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