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URU Metals Limited (URU)

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Monday 21 November, 2016

URU Metals Limited

Board appointment

RNS Number : 6548P
URU Metals Limited
21 November 2016

URU Metals Limited

("URU" or the "Company")


Board Appointment


The Company is pleased to announce that John Zorbas, the Company's CEO since June 2014, has been appointed to the Board of URU with immediate effect.


Mr Zorbas is currently Executive Chairman of NWT Uranium Corporation ("NWT"). NWT is interested in 70,382,453 shares representing 21.4 per cent. of the Company's issued share capital. Mr Zorbas was nominated to join the Board by NWT as the NWT Director, pursuant to the terms of the relationship agreement dated 20 April 2010 between the Company and NWT (the "Relationship Agreement") and as the replacement in that capacity of David Subotic. Mr. Subotic no longer has any relationship with NWT and is therefore not considered by the Company to be a representative of NWT under the Relationship Agreement. David Subotic remains the Company's Executive Chairman.


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


Mr Zorbas, 45, is interested in 11,700,000 shares in the Company and holds options over 3,000,000 shares in the Company.


Current directorships and partnerships

Mercom Capital plc

NWT Uranium Corporation

ZorCorp Capital Holdings

Starline Capital Holdings

Directorships and partnerships held in the past 5 years

Stratton Capital Corporation

There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two to the AIM Rules for Companies.



URU Metals Limited

John Zorbas

(Chief Executive Officer)


+1 416 504 3978


Northland Capital Partners Limited

(Nominated Adviser and Joint Broker)

Edward Hutton / Matthew Johnson


+ 44 (0) 203 861 6625


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

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