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Company Announcements

Appt CEO, Grant of Options, Other Board Changes

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RNS Number : 6109A
Orogen Gold PLC
30 September 2015
 

30 September 2015

 

Orogen Gold plc

("Orogen Gold" or the "Company")

 

Appointment of Chief Executive Officer, Grant of Options and Other Board Changes

 

Orogen Gold plc (AIM:ORE) is pleased to announce the appointment of Colin Bird as Chief Executive Officer ("CEO") of the Company with immediate effect.

 

Colin Bird is a chartered mining engineer with extensive multi-commodity mine management experience in Africa, Europe, Latin America and the Middle East. He has been involved in a number of public listings in the UK, Canada and South Africa, including as founder of Kiwara plc which discovered the large Kalumbila copper project in Zambia, which was sold to First Quantum Minerals Ltd in 2009 for US$260 million.

 

As CEO, Colin will lead the execution of the Company's strategy and future direction.

 

Grant of Options

On his appointment as CEO, Colin Bird has been granted options over a total of up to 180 million new ordinary shares of 0.01p each at an exercise price of 0.035p. The options are subject to performance based vesting conditions over 7 years. 

 

Other Board Changes

Following the appointment of Colin Bird, Ed Slowey assumes the role of Operations Director with responsibility for running the day to day management of the Company's existing projects and assisting Colin Bird in his role as CEO. The Company also announces that Anthony Venus, Non-Executive Director, has resigned from the Board with immediate effect to pursue other business interests. The Board is very grateful to Anthony for his work with the Company over recent years.

 

The Board now comprises:

Colin Bird - CEO

Adam Reynolds - Non-Executive Chairman

Ed Slowey - Operations Director

Alan Mooney - Finance Director

Michael Nolan - Non-Executive Director

 

Adam Reynolds, Chairman said: "I am delighted to welcome Colin as CEO of Orogen. His appointment further enhances the extensive exploration, mining and commercial experience of our Board. Colin has a proven track record of enhancing shareholder value through maximising the potential of exploration assets and the identification of new projects. I have great confidence that Colin's appointment will be successful and his experience will prove vital in the future development of the Company."

 

Colin Bird said: "I am pleased to be given the opportunity to assist Orogen in its future development. I am joining a seasoned public company management team and am confident that jointly we can take Orogen forward to new heights."

 

Further information pursuant to schedule 2(g) of the AIM Rules is set out below.

 

Colin Bird, aged 71, holds, or has held in the last 5 years, the following directorships and partnerships:

 

Current directorships and partnerships as at the date of appointment

 

Directorships and partnerships for the five year period prior to appointment

1 Tara Bar and Restaurant CC

Kairos Capital Corporation

Add X Trading 810 CC

SacOil Limited

African Pioneer plc

 

Bird Leisure and Admin (Pty) Ltd

 

Braemore Resources Ltd

 

Dialyn Café CC

 

Dullstroom Plats (Pty) Ltd

 

Emanuel Mining and Exploration (Pty) Ltd

 

Galagen (Pty) Ltd

 

Galileo Resources plc

 

Galileo Resources South Africa (Pty) Ltd

 

Glenover Phosphate (Pty) Ltd

 

Holyrood Platinum (Pty) Ltd

 

Jubilee Platinum plc

 

Jubilee Smelting and Refining (Pty) Ltd

 

Lion Mining Finance Ltd

 

Maude Mining and Exploration (Pty) Ltd

 

M.I.T. Ventures Corp

 

Mokopane Exploration (Pty) Ltd

 

NDN Properties CC

 

New Plats (Tjate)(Pty) Ltd

 

Pacific North West Capital Corp

 

Pilanesberg Mining Co (Pty) Ltd

 

Pollux Investment Holdings (Pty) Ltd

 

Power Alt (Pty) Ltd

 

Revelo Resources Corp

 

Tiger Resources Finance plc

 

Tjate Platinum Corporation (Pty) Ltd

 

Umhlanga Lighthouse Café CC

 

Windsor Platinum Investments (Pty) Ltd

 

Xtract Resources plc

 

 

Mr Bird does not hold any shares in the Company.

 

 

Enquires:

 

Orogen Gold plc                                                                                             +353 1662 8395

Colin Bird, CEO

Alan Mooney, FD

 

Cairn Financial Advisers LLP (Nominated Adviser)                         +44 (0) 20 7148 7900

Avi Robinson/ Liam Murray

 

Beaufort Securities Limited (Broker)                                                    +44 (0) 20 7382 8300

Elliot Hance

 

Walbrook (Public Relations and Investor Relations)                      +44 (0) 20 7933 8780 

Paul Cornelius/ Guy McDougall

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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