Directorate Change
March 16 2011 - 3:00AM
UK Regulatory
TIDMGGG
GGG Resources plc
(the "Company" or "GGG")
16 March 2011
David McArthur Appointed as Finance Director,
Opening of Perth Office
And
Publication of Supplementary Prospectus
The Directors of GGG Resources (AIM: GGG) today announce that David McArthur
has been appointed to its Board as Finance Director with immediate effect.
David Maxwell McArthur, 53, has been the Chief Financial Officer of GGG
Australia Ltd, the Perth based-wholly-owned subsidiary of GGG Resources plc for
the past six months. He was responsible for setting up GGG's new office in
Perth, Western Australia, following GGG's acquisition of the Bullabulling gold
mining property in May 2010.
A qualified chartered accountant, David McArthur has specialised in the
corporate and project management of publicly listed companies in the resources
sector for the past 28 years. He has extensive board experience in the
management and administration of the corporate, financial and operational
aspects of mining companies, including involvement in taking projects from
early stages through to operations.
In 1988, David was CFO and part of the team that developed, and subsequently
produced gold, from the Kundana gold mine just outside Kalgoorlie. As a member
of the executive committee, David helped take the project through resource
identification, pre feasibility, bankable feasibility, plant construction and
open cut mining.
In 1997, David was appointed CFO of Dioro Exploration NL, an ASX-listed
Kalgoorlie-based gold company, producing over 100,000 ounces of gold per annum.
In 2000 he was appointed Dioro's Finance Director, where he worked for a
further 10 years prior to Dioro being taken over by Avoca Resources. As the
Finance Director he helped take the company's project from first discovery
through open pit mining then subsequently underground mining.
Jeff Malaihollo, Managing Director of GGG Resources, comments:
"We are delighted to announce David's appointment to the GGG Board as the
Finance Director. David's appointment and the opening of our office in Perth
are indications of our commitment to grow GGG in Western Australia and become a
significant gold producer in the greater Kalgoorlie district, a task we believe
David is ideally placed to assist with given his extensive executive experience
in gold mining in Kalgoorlie. David is our first senior appointment in
Australia, and he will be part of a growing Perth-based team with
responsibility for Bullabulling, the exciting gold project which we plan to
have back in production in 2013."
Directorships held by David Maxwell McArthur over the five years preceding
today's appointment are as follows:
Current: GGG Resources plc
GGG Australia Pty Ltd
Lodestars Minerals Limited
Audacious Resources Pty Ltd
Broadway Management (WA) Pty Ltd
Previous: Xstate Resources Limited
Dioro Exploration NL
Aquacarotone Ltd
Ellendale Resources NL
David McArthur owns 375,000 Options in the Company at 40p exercisable at any
time up to 23 November 2015.
There are no further disclosures to be made for the purposes of Paragraph F of
Schedule 2 to the AIM Rules.
Supplementary Prospectus
The Company also advise that the Supplementary Prospectus for the purpose of
the ASX listing dated 11 March 2011 and 14 March 2011 are now available on the
Company's website www.gggresources.com
Enquiries,please contact:
Dr. Jeffrey Malaihollo Westhouse Securities Limited (UK Nominated
Adviser)
Tel: 01992 531820
Tom Price / Martin Davison
Email: www.gggresources.com
Tel: 020 7601 6100
Gresham PR Limited (UK Media) Collins Stewart Europe Limited (UK Broker)
Neil Boom John Prior / Adam Miller
Tel: 07866 805 108 Tel: 020 7523 8350
David Brook
Professional Public Relations
T: +61 8 9388 0944/
+61 433 112 936
Email: david.brook@ppr.com.au
END
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