REG - Goldstone Resources - Board Changes <Origin Href="QuoteRef">GRL.L</Origin>
RNS Number : 3354SGoldstone Resources Ltd02 October 20172 October 2017
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
Board Changes
GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, is pleased to announce the appointment of William ('Bill') Trew as Non-Executive Chairman of the Board, with immediate effect.
Bill takes over from Neil Gardyne, who was appointed as Non-Executive Chairman on 28 July 2016 and today resigns from the Board with immediate effect. Bill is currently chairman of theMAED group of companies and a director of Gold Mines of Uganda and Paracale Gold Limited.
Emma Priestley, Chief Executive Officer, commented:
"Neil joined the Board at a time when the Company was undergoing a period of transition. His guidance has been invaluable, particularly in navigating a time of restructuring and refocus and in helping facilitate the smooth transition in executive leadership. We thank him and wish him well with his endeavours going forward.
"We are delighted to welcome Bill to GoldStone. His experience working in mining and knowledge of the market will be invaluable to us as we embark on the next chapter in GoldStone's development."
About William ('Bill') Trew
Bill graduated from theUniversity of Wales with a degree in engineering and achieved a Master's degree in engineering at Randse Africanse University in Johannesburg in 1984, while working at the Chamber of Mines of South Africa.
Hehas since gained over 37 years' experience in the mining and engineering industry worldwide.
In 1986hefoundedMAED Limited, a specialist project management and engineering design company specialising in constructing gold processing plants for the gold mining industry. Under his leadership, MAED has designed and constructed 23 gold processing plants around the globe including Mali, South Africa, Uganda, Uzbekistan, Kyrgyzstan and the Philippines.
Hewas Chief Executive Officer ofOxus Gold plc, where he oversaw construction of three new gold mines (Amantaytau, Vysokovoltnoye and Jerooy). Since then he has held a number of other executive and non executive roles at listed and private mining companies where he has continued building and refurbishing Gold Mines.
He iscurrently chairman of theMAED group of companies and a director of Gold Mines of Uganda and Paracale Gold Limited.
The following additional information is provided in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies in relation to the appointment of William Trew:
William James Trew (aged 59)
Current Directorships / Partnerships
Past Directorships / Partnerships (last 5 years)
Maed Ltd.
Oxus Gold plc
Gold Mines of Uganda Ltd.
Kemin Resources plc
Paracale Gold Limited
Altyn Plc
Bonnybrae Properties Pty Ltd
Birkenhead Brewery (Pty) Ltd
Oxus Mining Ltd
Mr Trew is a director and shareholder of Paracale Gold Limited, which currently holds 70,352,377 ordinary shares in Goldstone representing 28.26% of its currently issued share capital.
For further information, please contact:
GoldStone Resources Limited
Emma Priestley/ Neil Gardyne
Tel: +44 (0)20 7830 9650 / +27 (0)82 490 4427
Strand Hanson Limited
Richard Tulloch / James Bellman
Tel: +44 (0)20 7409 3494
SI Capital Limited
Nick Emerson
Tel: +44 (0)1483 413 500
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.
- Ends -
This information is provided by RNSThe company news service from the London Stock ExchangeENDBOAOKDDDKBDBFKK
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