MC Mining Limited Appointment Of Independent Non-Executive Director (3264U)
March 29 2019 - 3:02AM
UK Regulatory
TIDMMCM
RNS Number : 3264U
MC Mining Limited
29 March 2019
ANNOUNCEMENT
29 March 2019
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR
MC Mining Limited ("MC Mining" or the "Company") is pleased to
confirm the appointment of Sebastiano (Sam) Randazzo as a
non-executive director of the Company's board, effective 29 March
2019.
Sam Randazzo began his career with Arthur Young (predecessor
firm to Ernst & Young) before working as a consultant across a
variety of projects in the USA, Australia, Canada, Africa and South
America and is a member of Chartered Accountants Australia and New
Zealand. He has over 25 years' experience in the international
mining industry with extensive public company management expertise
from roles as chairman, director, chief executive officer, chief
financial officer, company secretary and executive director
positions of ASX, TSX and AIM listed mineral resource companies. Mr
Randazzo has completed numerous feasibility studies, mergers and
acquisitions and capital-raisings and has operational management
experience in Australia, South America, USA, Canada and the UK.
Mr. Randazzo served in the positions of Executive Chairman and
Chief Executive Officer of Intercept Minerals Limited, Executive
Director of Vaaldiam Resources Limited and as Executive Director of
Elkedra Diamonds NL.
Bernie Pryor, Chairman of MC Mining commented:
"I am delighted to welcome Sam Randazzo to the board of MC
Mining. We conduct regular reviews of the board's performance that
incorporates analysis of the skill sets needed as the Company
progresses and evolves. Sam brings a wealth of mining, commercial
and financing expertise that will be beneficial to the Company and
complements the other directors' diverse talents.
Sam's appointment also ensures compliance with respect to good
corporate governance with the board comprising a majority of
independent directors."
For more information contact:
David Brown Chief Executive Officer MC Mining Limited +27 10 003 8000
Brenda Berlin Chief Financial Officer MC Mining Limited +27 10 003 8000
Tony Bevan Company Secretary Endeavour Corporate Services +61 08 9316 9100
Company advisors:
Financial PR
Jos Simson/ Gareth Tredway (United Kingdom) Tavistock +44 20 7920 3150
Ross Allister/David McKeown Nominated Adviser and Broker Peel Hunt LLP +44 20 7418 8900
Charmane Russell/Olwen Auret Financial PR (South Africa) R&A Strategic Communications +27 11 880 3924
Investec Bank Limited is the nominated JSE Sponsor
About MC Mining Limited:
MC Mining is an AIM/ASX/JSE listed coal exploration, development
and mining company operating in South Africa. MC Mining's key
projects include the Uitkomst Colliery (metallurgical and thermal
coal), Makhado Project (coking and thermal coal). Vele Colliery
(coking and thermal coal), and the Greater Soutpansberg Projects
(MbeuYashu).
Forward-Looking Statements
This Announcement, including information included or
incorporated by reference in this Announcement, may contain
"forward-looking statements" concerning MC Mining that are subject
to risks and uncertainties. Generally, the words "will", "may",
"should", "continue", "believes", "expects", "intends",
"anticipates" or similar expressions identify forward-looking
statements. These forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially
from those expressed in the forward-looking statements. Many of
these risks and uncertainties relate to factors that are beyond MC
Mining's ability to control or estimate precisely, such as future
market conditions, changes in regulatory environment and the
behaviour of other market participants. MC Mining cannot give any
assurance that such forward-looking statements will prove to have
been correct. The reader is cautioned not to place undue reliance
on these forward looking statements. MC Mining assumes no
obligation and do not undertake any obligation to update or revise
publicly any of the forward-looking statements set out herein,
whether as a result of new information, future events or otherwise,
except to the extent legally required.
Statements of intention
Statements of intention are statements of current intentions
only, which may change as new information becomes available or
circumstances change.
AIM Rules Compliance
The following information is provided pursuant to Rule 17 and
Schedule 2 Paragraph (G) of the Aim Rules for Companies:
Mr Sebastiano Randazzo, aged 61, has been a director or partner
of the following companies during the five years preceding the date
of this announcement:
Current Within the past 5 years
Samcor Investments Pty Ltd Bardoc Gold Limited
Lexhold Investments Pty Ltd Excelsior Gold Ltd
GPM Resources Pty Ltd
XTV Networks Limited (formerly
Intercept Minerals Limited)
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END
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