REG - Landore Resources Ld - Board Appointment and Grant of Options

Landore ResourcesAnnouncement

07/11/2023 07:00

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RNS Number : 5621S  Landore Resources Limited  07 November 2023

Landore Resources Limited

bOARD APPOINTMENT and Grant of OPTIONS

London, United Kingdom - 7 November 2023 - Landore Resources Limited (AIM:
LND) ("Landore Resources" or the "Company") announces that Mr Larry Strauss,
B.Sc. Geology; M.A. Energy and Mineral Resources, has been appointed to its
Board as a Non-Executive Director with immediate effect.

Mr Strauss, based in Oakville, Ontario, Canada, is a highly credentialled
individual, with over 30 years' experience as a Mining Equities Analyst and in
various Corporate Development roles. He also brings board experience, having
previously served as a director of Galway Resources Ltd., Galway Gold Inc. and
Galway Metals Inc.

Claude Lemasson, Chief Executive Officer of Landore Resources, today
commented:

"We are delighted to welcome Larry to the Board and look forward to
benefitting from the vast experience and knowledge that he brings to Landore
Resources. As part of the TSX Venture Exchange's ("TSX-V") conditional listing
approval for Landore Resources, a Canadian based, independent director was
required to be appointed and we are pleased to announce that we have now met
this requirement. We are currently progressing satisfaction of the remaining
conditions in order to become listed on the TSX-V, alongside our existing
quotation on AIM, and will provide further updates in due course."

AIM Rules for Companies: Schedule Two Paragraph (g) Disclosures

As required pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM
Rules for Companies, the Company confirms that Lawrence Jay Strauss, aged 62,
is, save for Landore Resources, currently a director/partner, or has been a
director/partner in the past five years, of the following
companies/partnerships:

 Current Directorships/Partnerships  Past Directorships/Partnerships (held in last five years)
 None                                Montauk Metals Inc. (formerly Galway Gold Inc.)
                                     Galway Metals Inc.

 

As part of his appointment, Mr Strauss has today been granted options over
300,000 ordinary shares of nil par value each in the capital of the Company at
an exercise price of 7.60 pence each, exercisable for a period of four years
from 7 November 2023 subject to certain vesting conditions.

There is no further information to be disclosed pursuant to Rule 17 and
Schedule Two Paragraph (g) of the AIM Rules for Companies.

For further information, please contact:

Landore Resources Limited

Tania Barreto, Corporate Communications/Marketing

Tel: +1-289-248-3675

IR@Landore.com

Strand Hanson Limited (Nominated Adviser and Joint Broker)

James Dance/Matthew Chandler/Robert
Collins

Tel: 020 74093494

Novum Securities Limited (Joint Broker)

Jon Belliss/Colin Rowbury

Tel: 020 73999402

 

About Landore Resources

Landore Resources Limited is an exploration/development company that seeks to
grow shareholder value through the advanced exploration and development of
precious and battery metals projects in eastern Canada. The Company is
primarily focused on the development of its 100% owned BAM Gold Project,
located on its Junior Lake Property in Northwestern Ontario.

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 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019.

 

PDMR Notification Form:

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Larry Strauss
 2.  Reason for the Notification
 a)  Position/status                                              Non-Executive Director
 b)  Initial notification/amendment                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Landore Resources Limited
 b)  LEI                                                          21380019CJ5T1PNY3Q69
 4.  Details of the transaction(s):section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv)each place
     where transactions have been conducted
 a)  Description of the Financial instrument, type of instrument  Options over ordinary shares of nil par value each in the share capital of
                                                                  Landore Resources Limited
     Identification code                                          GG00BMX4VR69
 b)  Nature of the Transaction                                    Grant of options over ordinary shares of nil par value each in the share
                                                                  capital of Landore Resources Limited
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  7.60p     300,000
 d)  Aggregated information                                       N/a (single transaction)

     Aggregated volume Price
 e)  Date of the transaction                                      7 November 2023
 f)  Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

Aggregated volume Price

N/a (single transaction)

e)

Date of the transaction

7 November 2023

f)

Place of the transaction

Outside of a trading venue

 

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