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TTAU - Tectonic Gold News Story

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Last Trade - 03/03/21

Sector
Basic Materials
Size
Micro Cap
Market Cap £9.24m
Enterprise Value £9.42m
Revenue £219k
Position in Universe 1600th / 1809

Tectonic Gold Plc: Directorate Change

Tue 28th April, 2020 10:38am
28 April 2020

TECTONIC GOLD PLC

(“Tectonic Gold” or the “Company”)

Directorate Change

Tectonic Gold plc (TDIM: TTAU) is pleased to announce the appointment of
Dennis Edmonds to the Board of Directors as a Non-Executive Director. Dennis
will oversee the appropriate functioning of the board, ensuring proper
corporate governance, and contribute to the strategy of the Company as the
transaction announced on 18 December 2019 moves forward to completion. At the
same time, Mr Zegham (“Zeg”) Choudhry has retired from the board.

Mr Edmonds has a wealth of commercial and corporate experience in southern
Africa, having practised as a corporate solicitor in South Africa and
subsequently in the United Kingdom. He is a specialist in structuring and
executing corporate transactions. Over the past 15 years, Mr Edmonds has been
a director of public and private companies, including many within the mineral
resources sector. He is very familiar with the Company’s South African
projects having travelled to site in January 2020 prior to the COVID-19
restrictions and met with local stakeholders. He joins the Board to oversee
the executive team in managing those relationships and progressing the
transaction for the sale of a majority interest in the projects. Mr Edmonds is
currently on the Board of AIM listed Pathfinder Minerals Plc, a company with
mining interests in Mozambique.

Mr Choudhry was appointed to the board of Signature Gold Plc (trading as
Stratmin Global Resources Plc), on 15 September 2016 and was involved as an
independent non-executive director supporting the repositioning of the group
from graphite to gold and diamonds and its admission to trading on the AQSE
Growth Market (formerly the NEX Exchange Growth Market).

About Tectonic Gold:

Tectonic Gold is a specialist gold exploration company, focused on the
identification and delineation of large-scale, multimillion-ounce Intrusion
Related Gold System (“IRGS”) assets. Tectonic Gold holds a number of gold
discoveries in Eastern Australia, a prolific gold region that is home to
Australia’s two largest gold production companies, Newcrest Mining and
Evolution Mining.

Mr. Brett Boynton, Managing Director – Tectonic Gold Plc

I would like to thank Zeg for his support over the last three years and his
considered guidance to the group on the London capital markets. He has
provided a steady oversight to our transactions as an independent director and
was instrumental in our reverse takeover and admission to trading.

I would also like to welcome Dennis to the board of Tectonic and look forward
to working with him as we develop our strategy.

The Directors of the Company accept responsibility for the contents of this
announcement.

For further information, please contact:

 Tectonic Gold plc Brett Boynton Sam Quinn www.tectonicgold.com  @tectonic_gold                                            +61 2 9241 7665 
 AQSE Corporate Adviser and Broker  Peterhouse Capital Limited Mark Anwyl                                                 +44 20 7469 0930 
 Financial Adviser and Broker  VSA Capital Limited  Andrew Raca – Corporate Finance Andrew Monk – Corporate Broking       +44 20 3005 5004 
                                                                                                                                           

Ends

Save as set out below, there is no further information regarding Dennis Vernon
Edmonds (aged 63) that is required to be disclosed pursuant to Appendix 1,
Table A, paragraph 5.1.2 of the AQSE Growth Market – Rules for Issuers.

 Current Directorships/Partnerships  Past Directorship/Partnerships         
 Draganfly Investments Limited       Alien Metals Ltd                       
 Pathfinder Minerals Plc             Alien Minerals Limited                 
                                     Alien Resources Limited                
                                     Alien Exploration Limited              
                                     Arian Silver Corporation (UK) Limited  
                                     Arian Silver (Holdings) Limited        
                                     Bubblr Limited                         

The directors of Draganfly Investments Limited ("Draganfly"), incorporated in
Jersey, Channel Islands, called a General Meeting for 26 July 2019 to
voluntarily wind Draganfly up and to appoint liquidators. At the General
Meeting, the necessary resolutions to wind Draganfly up were not passed and
Draganfly now intends to instruct solicitors to apply to court for a
liquidator to be appointed. 

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



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