Leyshon Resources Limited Directorate Changes (1038A)
February 14 2014 - 4:14AM
UK Regulatory
TIDMLRL
RNS Number : 1038A
Leyshon Resources Limited
14 February 2014
L E Y S H O N R E S O U R C E S
14 February 2014
DIRECTORATE CHANGES
Leyshon Resources Limited (AIM/ASX: LRL) ("Leyshon" or the
"Company") is pleased to advise changes to the board with immediate
effect, including the appointment of Mr Corey Nolan as Managing
Director, replacing Mr Paul Atherley, who will remain as a
Non-Executive Director.
Mr Corey Nolan is an experienced public company director and
senior executive with more than 20 years' experience in advisory,
commercial and business development roles focused on the
acquisition, funding, and development of resource projects.
Most recently, Mr Nolan was Executive Director (Oct 2013 - Jan
2014) and Managing Director (Sept 2009 - Sept 2013) of ASX listed,
Elementos Limited. Elementos recently completed a merger to become
an advanced developer of tin and tungsten resources in Tasmania,
Australia. Mr Nolan was instrumental in the identification,
negotiation, due diligence, structuring and execution of the
merger. The merger was in response to the share market not valuing
early-stage exploration opportunities and preserving value for the
company's shareholders, by shifting the company's focus from
early-stage exploration to advanced resource development. Prior to
the merger, Elementos had been focused on copper and gold
exploration in the Andes region of Chile and Argentina, and the Mt
Isa province in Australia.
From 2006 to 2009, Mr Nolan was Business Development and
Commercial Manager for Aviva Corporation, responsible for the
identification, evaluation and negotiation of coal and energy
related acquisition and merger opportunities in Australia and
Southern Africa.
Mr Nolan commenced his career in the financial services industry
as a resources equities analyst at firms including Wilson HTM and
Morgan Stanley, and as a Director of the Corporate Finance practice
of global firm PWC.
Mr Nolan's qualifications include a Bachelor of Commerce, and a
Masters Degree in Mineral and Energy Economics. Mr Nolan is also a
graduate of the Australian Institute of Company Directors.
Commenting on the director changes, Chairman of Leyshon
Resources, Mr Richard Seville said "The changes to the board will
position the Company for its next phase of growth following the
completion of the energy asset demerger. Mr Nolan brings a wealth
of experience in both the resources sector and capital markets. We
wish Mr Atherley all the best with the development of Leyshon
Energy Ltd and we thank him for all his contributions at Leyshon
Resources since 2004. We look forward to updating shareholders in
due course on Leyshon's growth plans".
AIM Disclosures in Regard to Mr Nolan's Appointment as Managing
Director
Current age:
41 years
Current directorships:
Non-Executive Director, Elementos Limited
Non-Executive Director, Element Minerals Australia Pty Ltd
Non-Executive Director, Brownlow Resources Limited
Non-Executive Director, Telfern Pty Ltd
Non-Executive Director, Nolan Corporate Pty Ltd
Past directorships (within 5 years):
Executive and Managing Director, Elementos Limited
There is no further information to be disclosed under Rule 17
and Schedule 2 Paragraph G of the AIM rules.
For further information please contact:
Leyshon Resources Limited
Murray Wylie - Company Secretary
Tel: +61 8 9321 0077
admin@leyshonresources.com
Cantor Fitzgerald Europe
David Porter/Rick Thompson (Nominated Adviser)
Richard Redmayne (Corporate Broking)
Tel: +44 (0)207 894 7000
http://www.leyshonresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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