Brief: Amaero International Appoints Hank Holland As Executive Chairman

Amaero

29/09/2022 02:16

Sept 29 (Reuters) - Amaero International Ltd  3DA.AX :
    * HANK HOLLAND APPOINTED AS EXECUTIVE CHAIRMAN WITH
IMMEDIATE
EFFECT
    * DAVID HANNA STEPS DOWN AS CHAIRMAN
    * WILL NOT PROCEED WITH TITANIUM POWDER MANUFACTURING
FACILITY IN
VICTORIA
    * IS TAKING ACTIVE STEPS TO PURSUE ALTERNATIVE OPPORTUNITIES
FOR
TITANIUM POWDER PRODUCTION
    * EXPLORING A NUMBER OF OPPORTUNITIES IN MIDDLE EAST OVER
PAST
FOUR WEEKS
    * IT IS NO LONGER ANTICIPATED THAT AMAERO WILL BECOME CASH
FLOW
POSITIVE IN CY2023

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