Tertiary Minerals PLC Notice of Resignation of Managing Director (4543H)
March 25 2020 - 3:00AM
UK Regulatory
TIDMTYM
RNS Number : 4543H
Tertiary Minerals PLC
25 March 2020
Tertiary Minerals plc
www.tertiaryminerals.com
("Tertiary" or "the Company")
25 March 2020
Tertiary Minerals plc ("Tertiary" or "the Company")
Notice of Resignation of Managing Director
Tertiary Minerals plc, the AIM traded company building a
multi-commodity project portfolio , wishes to advise that it has
today received notice from Mr. Richard Clemmey of his resignation
as Managing Director of the Company.
Mr. Clemmey will continue in his position until 30 June 2020 to
manage the upcoming drill programme on the Company's exciting
Pyramid Gold Project in Nevada, USA and to ensure an orderly
transition of responsibilities. The Company will seek to make a
replacement appointment in due course and the Executive Chairman
will assume the role of Chief Executive as an interim measure, if
so required.
Commenting today, the Executive Chairman, Mr. Patrick Cheetham,
said "It is with regret that the Board has accepted Ric's
resignation but understands his decision given that recent events
on the Storuman project in Sweden have shifted the Group's focus to
its gold and other exploration and resource identification
projects. We wish Ric every success in his new role and thank him
for his contribution to the Company."
Further information:
Enquiries
Tertiary Minerals plc
Patrick Cheetham, Executive
Chairman +44 (0)1625 838 679
SP Angel Corporate Finance LLP
Nominated Adviser & Broker
Richard Morrison/Caroline Rowe +44 (0)203 470 0470
Peterhouse Capital Limited
Joint Broker
Lucy Williams/Duncan Vasey +44 (0)207 469 0930
Market Abuse Regulation (MAR) Disclosure
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
Cautionary notice
The news release may contain certain statements and expressions
of belief, expectation or opinion which are forward looking
statements, and which relate, inter alia, to the Company's proposed
strategy, plans and objectives or to the expectations or intentions
of the Company's directors. Such forward-looking statements involve
known and unknown risks, uncertainties and other important factors
beyond the control of the Company that could cause the actual
performance or achievements of the Company to be materially
different from such forward-looking statements. Accordingly, you
should not rely on any forward-looking statements and save as
required by the AIM Rules for Companies or by law, the Company does
not accept any obligation to disseminate any updates or revisions
to such forward-looking statements.
Notes to Editors
Tertiary Minerals plc (ticker symbol 'TYM') is an AIM-traded
mineral exploration company building and developing a
multi-commodity project portfolio - Industrial minerals, base and
precious metals.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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