Business
Appointment of Executive Chairman
Appointment of Executive Chairman.
About this update from Phoenix Copper Ltd. (united Kingdom)
[{"type":"text","content":"\n \nRNS Number : 9409B Phoenix Global Mining Ltd 16 January 2018 \n\nPhoenix Global Mining Ltd / ticker: PGM / Index: AIM / Sector: Mining\n \nPhoenix Global Mining Ltd (\"Phoenix\" or the \"Company\")\nChange of role of Chairman\n \nPhoenix Global Mining Ltd (AIM: PGM.L), the AIM quoted, US focused copper and cobalt exploration and development company, is pleased to announce that Marcus Edwards-Jones, previously non-executive Chairman, has been appointed Executive Chairman with immediate effect. \n \nDennis Thomas, the Company's CEO, said,\n \n\"We are delighted to announce that Marcus has agreed to change his role from non-executive Chairman to Executive Chairman. Since listing on AIM in June 2017 the Company has moved forward at a rapid pace and 2018 will continue this progress. This is a highly strategic time to be advancing mining operations in the US and his new role will enable Marcus to focus on enhancing the Company's profile both in the UK and the US. \n \n\"The supply of copper and cobalt is becoming increasingly critical as the forecast rise in the number of electric vehicles and new forms of energy storage put pressure on manufacturers to find stable and responsibly-sourced supplies of these valuable commodities. I believe that our US focus gives us a significant advantage in that regard.\n \n\"The development of our Empire Copper Mine continues on schedule and updated research from our broker, Brandon Hill, which takes into account the favourable impact of a rising copper price and the recently announced US corporate tax cuts, highlights the strong viability of the Empire Project. We welcome Marcus to the executive team and look forward to an exciting year ahead.\"\n \nMarket Abuse Regulation (MAR) Disclosure\n \nCertain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.\n \n**ENDS**\n \nFor further information please visit www.pgmining.com or contact: \n\n\n\n\nPhoenix Global Mining Ltd\n\n\nDennis Thomas & Richard Wilkins \n\n\nc/o St Brides Partners \n+44 20 7236 1177\n \n\n\n\n\nSP Angel\n(Nominated Advisor)\n \n\n\nLindsay Mair / Caroline Rowe\n\n\nTel: +44 20 3470 0470\n\n\n\n\nBrandon Hill Capi...