REG - Landore Resources Ld - Update re planned Board and Management changes

Landore ResourcesAnnouncement

22/05/2023 07:00

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RNS Number : 1097A  Landore Resources Limited  22 May 2023

 

LANDORE RESOURCES LIMITED

(AIM Ticker: LND.L)

 

UPDATE RE PLANNED BOARD AND MANAGEMENT CHANGES

 

London, United Kingdom - 22 May 2023 - Landore Resources Limited (AIM: LND)
("Landore Resources" or the "Company") is pleased to provide an update in
respect of the proposed changes to its Board of Directors and Management as
outlined previously in the Company's announcement of 4 May 2023.

 

Charles Wilkinson, Non-Executive Chairman, has informed the board of his
intention to retire and will not be standing for re-election at the upcoming
Annual General Meeting ("AGM") to be held on 29 June 2023.

 

Huw Salter, currently Non-Executive Director, will assume the role of
Non-Executive Chairman of the Company upon conclusion of the AGM.

 

William (Bill) Humphries, Director, has informed the Board of his intention to
retire and will not be standing for re-election at the upcoming AGM. Bill will
also be relinquishing the positions of Chief Executive Officer (CEO) of the
Company, and Chairman/President of the Company's wholly owned subsidiary,
Landore Resources Canada Inc. upon conclusion of the upcoming AGM.

 

The Company is in advanced discussions with a potential replacement CEO
candidate. Should such discussions not be finalised by the upcoming AGM, Glenn
Featherby, currently Director and Chief Financial Officer of the Company, will
assume the position of interim Chief Executive Officer upon conclusion of the
AGM until the appointment of a permanent replacement CEO has been confirmed.

 

Michele Tuomi, (P.Geo., BSc, Geology), currently Director and Vice President
Exploration for Landore Resources Canada Inc. ("LRC"), will be appointed Chief
Executive Officer of LRC with effect from 1 June 2023. Michele is a Qualified
Person ("QP") as defined in the Canadian National Instrument 43-101, and the
AIM Rules for Companies, and has been employed by LRC since 2005 working
predominantly on the advancement of Landore's flagship property, Junior Lake.

 

 

 

- ENDS -

 

For further information, please contact:

 

 Landore Resources Limited
 Bill Humphries, Chief Executive Officer                                         Tel: 07734 681262
 Glenn Featherby, Finance Director                                               Tel: 07730 420318

 Strand Hanson Limited (Nominated Adviser and Broker)
 James Dance/Matthew Chandler/Robert Collins                                     Tel: 020 74093494

 

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.

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