Board Changes

RNS Number : 8411J
Harvest Minerals Limited
03 July 2017
 

Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining

3 July 2017

Harvest Minerals Limited

("Harvest" or the "Company")

Board Changes

 

Harvest Minerals Limited, the AIM listed fertiliser development company, is pleased to announce the appointment of Mr Jack James, currently Company Secretary, as a Non-Executive Director with immediate effect.   He replaces Mr Mark Reilly, who has resigned from his role as Non-Executive Director to pursue other interests.

 

Mr James has over 20 years' experience in chartered accounting, specialising in corporate advisory and reconstruction. Mr James provides accounting, secretarial and advisory advice to several private and public companies, government and other stakeholders.  He has a Bachelor of Business from the Queensland University of Technology and is a Chartered Accountant. 

 

Harvest Executive Chairman Brian McMaster said, "We are delighted to welcome Jack to the Board and believe that his exemplary financial background will play a key role as we enter the next stage and focus on developing sales of our KPfértil multi-nutrient, direct application natural fertiliser.  I would also like to thank Mark for his time and support and wish him every success for the future."

 

Related Party Transaction

As noted below, Mr James is a director and 50 per cent. shareholder of Palisade Business Consulting Pty Limited ("Palisade").  The Company has an ongoing relationship with Palisade whereby it provides the Company with registered office, company secretarial, accounting and book-keeping services, which had a value of approximately A$170,700 for the financial year ended 30 June 2017.   As a result, Palisade is classified as an associate of a related party of the Company.  As such, the existing contract in place between the Company and Palisade constitutes a related party transaction. The independent directors of the Company (being the directors other than Mr James), having consulted with the Company's nominated adviser, Strand Hanson Limited, considers that the terms of the Palisade contract are fair and reasonable insofar as the Company's Shareholders are concerned.

 

Additional information

The following additional information is provided in accordance with AIM Rule 17 and Schedule Two, paragraph (g) of the AIM Rules for Companies:

 

Jack Robert James (aged 53)

 

Current directorships/partnerships

Previous directorships/partnerships (last 5 years)

Apical Partners Pty Ltd

Ausmex Mining Group Limited

Avonglade Enterprises Pty Ltd

Castillo Copper Limited

Cass Phaedra Skaya Pty Ltd

Castillo Exploration Pty Ltd

Greencape Holdings Pty Ltd

Blackstar Petroleum Limited

Haranga Resources Limited

Demeter Consulting Pty Ltd

Nomad Mining Pty Ltd

Far North Minerals Pty Ltd

Palisade Business Consulting Pty Ltd

Firestone Energy Limited

Palisade Business Consulting (CS) Pty Ltd

Hunnu Coal Pty Ltd

Reeve Ventures Pty Ltd

Icon Gold Pty Ltd

Sturic Pty Ltd

KREAC Investments Pty Ltd

Upcity Investments Pty Ltd

KREAC Pty Ltd

Vega Funds Pty Ltd

Martu Mining Services Limited

Wolf Petroleum Limited

Martu Holdings Pty Ltd

 

Outback Training Services Pty Ltd

 

Premiere Eastern Energy Limited

 

TWB Drilling Limited

 

Ultracharge Limited

 

Westar Industrial Limited

 

At the time of his appointment, Mr James holds no shares or options over shares in the Company.

Other than the information set out above, there is no other information required to be disclosed in connection with the appointment of Mr James under AIM Rule 17 and Schedule Two, paragraph (g) of the AIM Rules for Companies.

 

ENDS

 

For further information please visit www.harvestresources.org or contact:

 

Harvest Minerals Limited

Brian McMaster

(Chairman)

Tel: +61 8 9200 1847

Strand Hanson Limited

(Nominated Financial Adviser)

James Spinney

Ritchie Balmer

Tel: +44 (0)20 7409 3494

Mirabaud Securities LLP

(Broker)

Rory Scott

Tel: +44 (0)20 7878 3360

Beaufort Securities Ltd

(Joint Broker)

Jon Bellis

Tel: +44 (0)20 7382 8300

Whitman-Howard Ltd

Grant Barker

Tel: +44 (0)20 7659 1225

St Brides Partners Ltd

Isabel de Salis

Tel: +44 (0)20 7236 1177


Olivia Vita


 

 


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