Tri-Star Resources PLC Directorate Changes (6123G)
March 05 2018 - 2:00AM
UK Regulatory
TIDMTSTR
RNS Number : 6123G
Tri-Star Resources PLC
05 March 2018
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
5 March 2018
Tri-Star Resources plc
("Tri-Star" or the "Company")
Directorate Changes
Tri-Star announces that Guy Eastaugh has stepped down as Chief
Executive Officer and as a Director of the Company with immediate
effect. The Board has appointed Karen O'Mahony, non-executive
director, as Acting CEO and CFO to oversee the transition of the
Company.
In addition, Dr Scott Morrison will resign his position as
Non-Executive Director with effect from 8(th) March 2018. Scott was
Chair of the Company's Audit Committee and joined the Board in July
2017. David Fletcher, a current non-executive director on the
Board, will replace him in this role.
Mark Wellesley-Wood, Executive Chairman of Tri-Star, said: "Guy
joined the Board in June 2014 as Chief Financial Officer and was
later appointed Chief Executive Officer in September 2015. During
his tenure he has helped to guide the Company through a difficult
market for the resources industry and progressed our involvement in
the Omani antimony project. Scott Morrison has provided great
counsel as a non-executive director and we are grateful for his
efforts. We wish them all the best in their future endeavours."
Karen has been a non-executive director of the Company since
June 2017. Her firm, PE Advisors Ltd, advised Odey Asset Management
("Odey AM") on the debt for equity swap that led to Odey AM taking
a majority equity stake in Tri-Star Resources Ltd in 2017. Karen is
also non-executive director of Strategic & Precious Metals
Processing LLC (SPMP), which is 40% owned by Tri-Star and
constructing the Oman Antimony Roaster. In her role as Director of
SPMP, Karen has been instrumental in the structuring and sourcing
of new equity and bank funding, the reset of the SPMP management
team and the refocusing of the commercial side of SPMP's
operations.
For further information please visit the Company website:
http://tri-starresources.com
Enquiries:
Tri-Star Resources plc Tel: +44 (0) 207
653 6290
Karen O'Mahony, Acting Chief
Executive Officer
SP Angel Corporate Finance Tel: +44 (0) 20
(Nomad and Broker) 3470 0470
Robert Wooldridge / Jeff Keating
Yellow Jersey (Financial PR) Tel: +44 (0) 776
Charles Goodwin / Joe Burgess 932 5254
This information is provided by RNS
The company news service from the London Stock Exchange
END
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