Director Appointment

RNS Number : 5277X
Goldstone Resources Ltd
27 November 2017
 

27 November 2017

 

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

 

Director Appointment

 

GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, is pleased to announce the appointment of Angela List as a Non-Executive Director to its Board of Directors (the "Board").

 

Angela is a director of BCM Investment Limited ("BCM"), which following its participation in the Company's recent fundraise announced on 27 September 2017, is interested in approximately 20.08 per cent. of the Company's issued share capital.  BCM is part of the wider BCM Group of companies ("BCM Group"), which are one of Africa's largest private contract miners.

 

The Board looks forward to working alongside Angela, who has significant operational and in-country expertise, to further the Company's business objectives in Ghana.  Her trusted network throughout Africa extends from Government authorities through to the local communities where the BCM Group operates.  Most recently, Angela was instrumental in the BCM Group acquiring a 90 per cent. interest in the Nzema Mine in Ghana, formerly owned by TSX-listed Endeavour Mining Corporation.

 

Angela joined the BCM Group in 2001 as Finance Director and has overseen significant growth throughout the business, increasing total assets from approximately US$21 million up to US$246 million as at 2016.  In the same manner revenues have increased from approximately US$20 million in 2001 to approximately US$111 million in 2016.  Prior to this Angela was a member of the audit team at KPMG Ghana Limited.

 

The Company confirms that it intends to appoint an additional independent Non-Executive Director, and the Company looks forward to updating shareholders in due course.

 

Bill Trew, Non-Executive Chairman of GoldStone, commented: 

"I am delighted to welcome Angela to the Board of GoldStone, as she brings a wealth of experience to the GoldStone team.  Her business acumen and diverse experience across many disciplines which, in particular, involves mining throughout West Africa, will be a great asset to assist the Company in building value from proposition through to mining and production and bringing shareholder value to the Company."

 

Further information on Angela Diala List as required in accordance with Schedule 2 (g) of the AIM Rules:

 

Angela Diala List (née Akill), aged 43

 

Current Directorships / Partnerships

Directorships / Partnerships held in last 5 years

Bayswater AG

Jupiter World Network Limited

Bayswater Capital Partners AG

Phalgom Energy Limited

BCM Ghana Limited

Pyrton Investments Limited

BCM International Limited

Stilmore Consortium Limited

BCM Investment Limited


BCM Investments Limited


BCM Mali SA


Cooperate Travel Limited


Cooperative Travel Limited


Elwyn List Farm Limited


GSP AZUR Société Civile Immobiliere


Notre Dame Investments Limited


 

There is no further information to be disclosed pursuant to Schedule 2(g) of the AIM Rules.

 

For further information, please contact:

 

GoldStone Resources Limited


Emma Priestley

Tel: +44 (0)7867 785177 / +233 (0)55 581 8855



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 Regulations (EU) No. 596/2014 ("MAR").

 

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About GoldStone Resources Limited

 

GoldStone Resources Limited (AIM: GRL) is an AIM quoted exploration company with projects in Ghana, Senegal, and Gabon that range from grassroots to advanced exploration.

 

The Company is focused on developing the Homase-Akrokerri project in south-western Ghana, which hosts an existing 602,000 oz gold JORC Code compliant resource at an average grade of 1.77g/t, along strike from the Obuasi Gold Mine, one of the World's major gold mines with a total historical and current resource in excess of 70 million ounces of gold.  It is the Company's intention to build a portfolio of high-quality gold projects in Ghana, with a particular focus on the highly prospective Ashanti Gold Belt.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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