Business
Directorate Change and Direct
Directorate Change and Direct.
About this update from Mineral And Financial Investments Ltd
[{"type":"text","content":"\n RNS Number : 5970W Hameldon Resources Limited 22 November 2010 \n \n\n22 November 2010\n \n \nHAMELDON RESOURCES LIMITED (AIM: HRE)\n \n \nDIRECTORATE CHANGES\n \nAND\n \n DIRECTOR DEALINGS\n \nAND \n \nGRANT OF OPTIONS\n \n \nDirectorate Changes\n \nThe directors have resolved to strengthen the Company's Board and are pleased to announce that Alistair Ford will join the Board as a Non Executive Director with immediate effect.\n \nMr. Ford (aged 39) has been one of London's leading commentators on junior natural resource companies for more than ten years. He has extensive experience in the analysis and appraisal of junior mining companies across the globe. Educated at Oxford University, Mr. Ford has been the Editor of Minesite.com since January 2008. \n \nThe Board also announces that Non Executive Directors Jane Ketchum and David Ketchum will be stepping down from the Board to pursue other corporate interests, effective immediately. \n \nThe Board wishes to thank Jane and David for their excellent work, support and assistance, which has been highly valuable during their time with HRE.\n \nThere are no further disclosures to be made in relation to Mr. Ford under Schedule Two, paragraph (g) of the AIM Rules for Companies.\n \n \nDirector Dealings\n \nThe Board also announces that a total of 7,516,000 new ordinary shares of 0.25p each (\"New Ordinary Shares\") will be conditionally issued to Directors below, in lieu of directors' fees payable monthly in arrears to them in accordance with the terms of their appointments, at the prices and the amounts set out below. The Company will also conditionally issue 7,701,008 New Ordinary Shares to settle accrued fees owing to previous directors of the Company.\n \n \n\n\n\n\n\n\n\nNumber of New Ordinary Shares\n\n\nAverage Price (p)\n\n\n\n\nIlyas Khan\n\n\n 3,596,000 \n\n\n1.0\n\n\n\n\nStephen Smith\n\n\n 3,596,000 \n\n\n1.0\n\n\n\n\nWaseem Shiraz\n\n\n 324,000 \n \n\n\n1.0\n\n\n\n\n \nThe issuance of New Ordinary Shares is subject to the following outstanding conditions precedent: (i) passing of all resolutions (\"Resolutions\") set out in the Company's notice of Extraordinary General Meeting sent to shareholders on 2 November 2010; a...