Scotgold Resources Ltd Appointment of Directors and change of auditors (6302R)
June 18 2018 - 2:00AM
UK Regulatory
TIDMSGZ
RNS Number : 6302R
Scotgold Resources Ltd
18 June 2018
18 June 2018
Scotgold Resources Limited
("Scotgold" or the "Company)
Appointment of Directors and change of auditors
Scotgold is pleased to announce the appointment of Mr Peter
Hetherington and Mr William ("Bill") Styslinger III as
Non-executive Directors of the Company with immediate effect.
Peter is the Chief Executive Officer of IG Group Holdings plc
("IG"), having joined IG as a graduate trainee in 1994. Peter
graduated from Nottingham University with a degree in economics,
and from the London Business School with a masters in finance.
Peter served as an officer in the Royal Navy prior to joining
IG.
Bill is a director of Nasdaq listed Casa Systems Inc. and served
as Chairman, President and Chief Executive Officer of SeaChange
International Inc., a Nasdaq listed provider of multiscreen video
software and services, from its inception in July 1993 until his
retirement in November 2011. Bill was also previously a member of
the board of directors of Omtool, a provider of enterprise
client/server facsimile software solutions. Bill holds a B.S.
degree in Engineering Science from the State University of New York
at Buffalo.
Nathaniel le Roux, Chairman of Scotgold commented:
"We are delighted that Peter and Bill have accepted positions on
our Board. The additional strength and depth of experience they
bring will greatly assist us as we bring Cononish on stream and
look to future growth for the Company."
Further information on Peter Hetherington
Peter Geoffrey Hetherington, aged 49, currently holds or has
held the following directorships and partnerships in the last five
years:
Current Directorships Past Directorships
Deal City Limited Extrabet Financial Limited
Dot Trading Registry Limited ITS Market Solutions Limited
DotBroker Registry Limited
DotCFD Registry Limited
DotForex Registry Limited
DotMarkets Registry Limited
DotSpreadbetting Registry Limited
Extrabet Financial Limited
Extrabet Limited
Financial Domaigns (Services)
Limited
Financial Domaigns Limited
Financial Domaigns Registrar
Limited
Financial Domaigns Registry
Holdings Limited
Fox Japan Holdings
Fox Sub 2 Limited
Fox Sub Limited
IG Asia Pte Limited
IG Bank S.A
IG Finance
IG Finance Two
IG Finance 5 Limited
IG Finance 8 Limited
IG Finance 9 Limited
IG Finance Four
IG Finance Three
IG Forex Limited
IG Group Holdings Plc
IG Group Limited
IG Index Limited
IG Infotech (India) Private
Limited
IG Limited
IG Markets Limited
IG Markets South Africa Limited
IG Services Limited
IG Spread Betting Limited
ITS Market Solutions Limited
LLC IG Dev
Market Data Limited
Nadex Clearing, LLC
Nadex Domains Inc
North American Derivatives Exchange
Inc
Other than as provided in this announcement, no other
disclosures in relation to Mr Hetherington are required under Rule
17 and schedule 2 (g) of the AIM Rules for Companies.
Further information on Bill Styslinger
William Casper Styslinger III, aged 72, currently holds or has
held the following directorships and partnerships in the last five
years:
Current Directorships Past Directorships
Casa Systems Inc. None
Metrosoft Inc.
Other than as provided in this announcement, no other
disclosures in relation to Mr Styslinger are required under Rule 17
and schedule 2 (g) of the AIM Rules for Companies.
Change of auditors
The Company also wishes to announce that it has conducted a
tender process for its future audit services. The process has been
overseen by the audit committee which has reported its
recommendation to the board of directors.
Subject to the consent of the Australian Securities and
Investment Commission of the resignation of the incumbent auditor,
the directors have resolved to appoint the Perth based affiliate of
BDO International as its auditors. BDO is the joint leading auditor
of companies listed on the AIM market, in London.
The directors believe that the international profile of the firm
and its recognition in the UK, will serve the Company's objectives
as it transforms from exploration, to mine development, to gold
producer.
David Swan (CFO) commented: "We look forward to working with BDO
in Perth WA and in the UK. Their extensive experience in the mining
sector will benefit our financial reporting and systems"
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
For further information please contact:
Scotgold Resources Limited Tel: +44 (0)1838 400 306
Richard Gray
SP Angel Corporate Finance LLP Tel +44 (0) 20 3470 0470
Nomad and Joint Broker
Ewan Leggat / Charlie Bouverat
Smaller Company Capital Ltd Tel: +44 (0)20 3651 2911
Joint Broker
Rupert Williams
Capital Markets Consultants Tel: +44(0)7703 167 065
Financial PR
Simon Rothschild
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END
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