Non-Executive Chair Appointment

RNS Number : 8106A

Oriole Resources PLC

07 February 2022

 

Oriole Resources PLC 

('Oriole Resources' or 'the Company' or 'the Group')

Non-Executive Chair Appointment

Further to its announcement on 15 December 2021, Oriole Resources (AIM: ORR), the AIM-quoted exploration company focussed on West Africa, is pleased to announce that Eileen Carr will join the Board on 17 February 2022. Eileen will assume the role of Non-Executive Chair, replacing the current Chair, John McGloin, who is stepping down from the Board to focus on his new appointment as CEO of TSX.V-listed Diamond Fields Resources Inc.

Oriole Resources CEO Tim Livesey said:

"The last three years have been transformational for the Company. Our market capitalisation has more than doubled and we have also seen a significant advancement of our Senegalese asset, the development of our new frontier exploration targets in Cameroon and the rationalisation across the legacy assets leading to significant reductions in G&A. This significant progress has occurred under John's stewardship and guidance, and I would like to thank him personally, and on behalf of the Company, for his help in steering the Company during this period. We wish him well with his future endeavours. 

"We are delighted that Eileen has agreed to join the Group later this month. We look forward to working with her and, with Eileen's extensive experience of the mining industry and previous board positions, she will help us to continue the successful development of the Company's portfolio."

Further information on Eileen Carr

Eileen is a Chartered Certified Accountant with over 30 years of experience within the resources sector, having worked worldwide on a host of large-scale mining operations. She was appointed Finance Director of Cluff Resources Limited in 1993 and has, since that time, held several executive directorships in the resources sector, including CFO for Monterrico Metals plc, the AIM-quoted copper exploration company developing the Rio Blanco project in Peru. Her first Non-Executive role was for Banro Corporation in 1998 and, more recently, Eileen held a Non-Executive Director position for AIM-quoted Bacanora Lithium plc.

Eileen has been a Non-Executive Director to AIM-quoted Sylvania Platinum Limited since May 2015.

Information in respect of Eileen Carr (Age 65) as required by Schedule 2 (g) of the AIM Rules for Companies is detailed below.  Eileen is, or has been, a director of the following companies during the previous five years:

Current directorships and partnerships	Past directorships and partnerships in last 5 years
-  Sylvania Platinum Limited	-  Bacanora Lithium plc -  Bacanora Minerals Limited -  Bunree Resource Management Ltd -  Firestone Diamonds plc -  Nobel Holdings Investments Ltd

Eileen Carr does not hold any interests in the share capital of Oriole.

Eileen Carr was a Non-Executive Director and Chairman of the Audit Committee of Talvivaara Mining Company Plc ("Talvivaara") from June 2007 until June 2014. Talvivaara applied for corporate reorganisation proceedings governed by the Finnish Restructuring of Enterprises Act (47/1993, as amended) on 15 November 2013. The District Court of Espoo took the decision to commence a corporate reorganisation process in respect of Talvivaara on 29 November 2013. On 2 June 2017, Talvivaara announced that the District Court of Espoo had confirmed its Restructuring Programme. On 6 March 2018, Talvivaara filed for bankruptcy.

There is no further information required to be disclosed in respect of the above appointments pursuant to Rule 17 or Schedule 2 (g) of the AIM Rules for Companies.

** ENDS **

For further information please visit www.orioleresources.com, @OrioleResources on Twitter, or contact:

Oriole Resources PLC Tim Livesey / Bob Smeeton / Claire Bay	Tel: [phone]
Blytheweigh (IR/PR contact) Tim Blythe / Megan Ray / Rachael Brooks	Tel: [phone]
Grant Thornton UK LLP Samantha Harrison / George Grainger	Tel: [phone]
Shard Capital Partners LLP Damon Heath / Erik Woolgar / Isabella Pierre	Tel: [phone]

Notes to Editors:

Oriole Resources PLC is an AIM-listed exploration company, operating West Africa. It is focused on early-stage exploration in Cameroon (Bibemi, Wapouzé and Central Cameroon projects) and the more advanced Senala gold project in Senegal, where IAMGOLD has the option to spend US$8 million to earn a 70% interest. The Company also has several interests and royalties in companies operating throughout Africa and Turkey that could deliver future cash flow, and it continues to assess new opportunities in both regions.

 

END

 

 

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