REG - Ashington Innovation - Board changes

Ashington InnovationAnnouncement

08/11/2023 15:30

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RNS Number : 8310S  Ashington Innovation PLC  08 November 2023

The information contained within this announcement is deemed by the Company to
constitute inside information stipulated under the Market Abuse Regulation
(EU) No. 596/2014, as retained as part of the law of England and Wales. Upon
the publication of this announcement via the Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

Press Release

 

8 November 2023

 

 

Ashington Innovation plc

 

("Ashington" or "the Company")

 

Board changes

 

Ashington Innovation plc (LSE: ASHI; FSE: 6FW), a special purpose acquisition
company, is pleased to announce that Richard Paolone and Daniel Nauth have
been appointed as non-executive directors with immediate effect to further
strengthen the board.

 

Mr. Paolone is the principal lawyer of Paolone Law Professional Corporation
and brings significant experience consulting and advising some of the leading
portfolio managers in North America. Mr. Paolone is a Toronto-based securities
lawyer where his work focuses on securities, corporate finance, and mergers
and acquisitions. He has a wide range of corporate experience from
representing companies in private and public offerings of debt and equity
securities. Furthermore, Mr. Paolone has been integral to multiple mergers and
acquisitions and reverse takeover transactions in the industries of mining,
cannabis, carbon credits, oil and gas, technology, and plant-based food. Mr.
Paolone currently serves as Director and CEO of several private and reporting
companies.

 

Daniel Nauth is a legal expert with over a decade of experience gained on both
Wall Street in the U.S. and Bay Street, the centre of Toronto's Financial
District. He has deep experience across U.S. securities and corporate law,
specialising in advising both public and private issuers across U.S.-Canada
cross-border capital markets, mergers, and acquisitions, corporate and
securities transactions, and regulatory compliance. His extensive advisory
experience spans various industries including mining, oil and gas, emerging
biopharmaceuticals, medical devices, medicinal cannabis, cryptocurrencies, and
blockchain technology. Transactions that Mr. Nauth has supported include a
number of seven-figure financings and business combinations.

 

Chris Disspain has resigned as a non-executive director with immediate effect
and the Board wishes to record its appreciation for his significant
contribution to the Company.

 

Jason Smart, Director of Ashington Innovation, commented: "We are delighted to
welcome Richard and Daniel as non-executive directors, both bringing a wealth
of expertise to our Board. Richard's extensive legal background, coupled with
his C-suite experience, and Daniel's specialisation in U.S. securities,
corporate law and business combinations, complement the Board and their
appointments highlight our commitment to robust governance and our underlying
strategy."

 

For further information please contact:

 Ashington Innovation plc
 Jason Smart                         via Tancredi +44 207 887 7633

 Non-Executive Director
 Tancredi Intelligent Communication

 Media Relations
 Helen Humphrey                      +44 7449 226 720

 Charlie Hobbs                       +44 7897 557 112

 Jasmine Gadhavi                     +44 7931 435 236

 ashington@tancredigroup.com

 

About Ashington Innovation plc

Ashington Innovation PLC is a special purpose acquisition company (SPAC),
formed with the intention of acquiring businesses operating in the technology
sector, in particular the financial services technology and deep technology
sectors.

 

The Company believes that in the increasingly fast-changing global environment
there will be an abundance of opportunities to acquire existing businesses in
the technology sector, and in particular businesses that possess and utilise
proprietary technologies and own applicable intellectual property.

 

The Company is not limited to any specific geographic region in identifying
its target companies. www.ashingtoninnovationplc.com
(http://www.ashingtoninnovationplc.com)

 

Listing Rules Disclosures

 

Ashington hereby makes the following disclosures in respect of Richard
Paolone's and Daniel Nauth's former and current directorships and external
roles:

 

Richard Paolone

 Company Name                                                                    Position             Term
 Public Issuers
 Evolution Global Frontier Ventures Corp. (formerly Ascension Exploration Inc.)  Director             Feb 2019 - Oct 2019
 Evolution Global Frontier Ventures Corp. (formerly Ascension Exploration Inc.)  Director             Sept 2020 - Jan 2021
 Rotonda Ventures Corp.                                                          Director, CEO        Feb 2019 - Present
 Red Pine Petroleum Ltd.                                                         Director             May 2019 - Sept 2021
 Red Pine Petroleum Ltd.                                                         CEO                  Oct 2020 - Sept 2021
 1143990 BC Ltd.                                                                 Director, CEO        Jun 2019 - Present
 Canam Biotech Inc.                                                              Director             Jul 2019 - Jan 2021
 Republic Goldfields Inc.                                                        Director, CEO, CFO   Feb 2021 - Present
 Emerald Isle Resources Inc.                                                     Director, CEO, CFO   Feb 2021 - Present
 1169032 B.C. Ltd                                                                Director, CEO        Jun 2021 - Present
 1210353 B.C. Ltd                                                                Director, CEO        Dec 2021 - Jun 2022
 1319735 B.C. Ltd                                                                CEO                  Dec 2021 - Present
 1319738 B.C. Ltd                                                                10% Holder           Feb 2022 - Jan 2023
 Critical Infrastructure Technologies Ltd. (formerly 1319275 B.C. Ltd)           Director             Apr 2022 - Present
 0755461 B.C. Ltd (formerly Pro Minerals Inc.)                                   Director, CEO, CFO   May 2022 - Present
 SBD Capital Inc.                                                                Director             Dec 2022 - Present
 CoinAnalyst Corp.                                                               Director             Jan 2023 - Apr 2023
 Xander Resources Inc.                                                           Director             Jun 2023 - Present
 Private Issuers
 Paolone Law Professional Corporation (formerly Paolone Capital Corp)            Director, President  Jul 2019 - Present
 Aureum Exploration Inc.                                                         Director             Jun 2019 - Present
 Monteoro Minerals Ltd.                                                          Secretary            Dec 2020 - Present
 Altesino Capital Corp.                                                          CEO                  Oct 2020 - Present
 Biondi Ventures Inc.                                                            Director, President  Jan 2021 - Present
 2818390 Ontario Corp                                                            Director, President  Feb 2021 - Present
 Newton Gold Corp. (formerly 5050565 Ontario Inc.)                               Director, CEO        Jun 2021 - Present
 1207326 BC Ltd                                                                  Director             Aug 2021 - Present
 Zaryadka Lithium Corp                                                           Director, President  Nov 2021 - Present
 1210380 BC Ltd                                                                  Director             Dec 2021 - Present
 1209629 BC Ltd                                                                  Director             Jan 2022 - Present
 1211319 BC Ltd                                                                  Director             Jan 2022 - Present
 1208614 BC Ltd                                                                  Director             Feb 2022 - Present
 1207335 BC Ltd                                                                  Director             Feb 2022 - Present
 1207378 BC Ltd                                                                  Director             Feb 2022 - Present
 JAMR Acquisition Corp.                                                          Director             Mar 2022 - Present
 Irruptive Metals Inc.                                                           Director, President  May 2022 - Present
 1000265273 Ontario Inc.                                                         Director             Jul 2022 - Present
 Stockwire Inc.                                                                  Director             Apr 2023 - Present

 

Daniel Nauth

 Company Name                                                             Position  Term
 Public Issuers
 Bhang Inc.                                                               Director  July 2019 - Present
 Medicus Pharma Ltd. (formerly Interactive Capital Partners Corporation)  Director  August 2020 - September 2023
 Cybeats Technologies Corp.                                               Director  April 2020 - November 2022
 SBD Capital Corp.                                                        Director  May 2020 - June 2022
 CoinAnalyst Corp.                                                        Director  January 2023 - April 2023
 DevvStream Holdings Inc.                                                 Director  February 2022 - November 2022
 Biomind Labs Inc.                                                        Director  January 2021 - July 2021
 QcX Gold Corp.                                                           Director  October 2019 - Present
 Radio Fuels Energy Corp.                                                 Director  June 2021 - December 2021
 Private Issuers
 1329291 B.C. Ltd.                                                        Director  February 2018 - November 2023
 1329293 B.C. Ltd.                                                        Director  February 2018 - Present
 1329295 B.C. Ltd.                                                        Director  February 2018 - Present
 0730004 B.C. Ltd.                                                        Director  November 2022 - Present
 First Choice Products Inc.                                               Director  June 2022 - Present
 1329310 B.C. Ltd.                                                        Director  February 2018 - Present
 1329300 B.C. Ltd.                                                        Director  February 2022 - Present
 Veta Resources Inc.                                                      Director  March 2021 - Present
 1329306 B.C. Ltd.                                                        Director  February 2022 - Present
 1329307 B.C. Ltd.                                                        Director  February 2022 - Present
 1329308 B.C. Ltd.                                                        Director  February 2022 - Present

 

Were Rule 9.6.13R of the Listing Rules of the UK Financial Conduct Authority
to apply to the Company, there would be no further information to disclose.

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