Business
Appointment of New Regional Representative
Appointment of New Regional Representative.
About this update from Rome Resources Plc
[{"type":"text","content":"\n \nRNS Number : 4339X Pathfinder Minerals Plc 06 May 2016 \n\nEmbargoed: 0700hrs 6 May 2016\n \nPathfinder Minerals Plc\n(\"Pathfinder\" or \"the Company\")\nAppointment of New Regional Representative\nFurther to the Company's announcement on 16 March 2016, Pathfinder is pleased to confirm that it has appointed Eduardo C. Mondlane Jr as its regional representative to seek opportunities to procure licences in Southern Africa. \nMr Mondlane Jr has been providing strategic advisory services in Africa for 30 years across industries including aerospace, infrastructure, energy, power and financial services. He has advised companies including Boeing Commercial Airplanes, United Technologies, Siemens and GE Capital Aviation. He has also served on the boards of Absa Group and Bank (Barclays Africa) and other Barclays African subsidiary banks. \nIn the immediate term Mr Mondlane Jr will assist the Company in its ongoing dialogue with the Mozambique Government to restore control of the areas previously licensed to the Company under mining concessions 760C and 4623C (the \"Licences\") following their appropriation in 2011 by Jacinto Veloso and Diogo Cavaco. \nIn the event that Pathfinder is successful in regaining control of the Licences, the Company has agreed to issue ordinary shares to Mr Mondlane Jr equivalent to up to 25 per cent of the enlarged issued share capital of Pathfinder. In such circumstances, it is envisaged that the Mr Mondlane Jr will assist with the ongoing administration of Pathfinder's local operating subsidiaries and with the Company's relationships with regional and national authorities and with local communities. \nDiscussions between the Company and the Mozambique Government are ongoing. The board is unable to provide any estimation of how long these may take or, indeed, whether they will be successful. \nEnquiries:\nPathfinder Minerals Plc\nNick Trew, Chief Executive\nTel. +44 (0)20 3440 7775\n \nWH Ireland Limited (Nomad and Broker)\nPaul Shackleton or Mark Leonard\nTel. +44 (0)20 7220 1666\n \nVigo Communications\nBen Simons or Ali Roper\nTel. +44 (0)20 7830 9700\nEmail. [email protected]\n \nNotes to Editors:\nPathfinder Minerals Plc is incorporated in England & Wales and is admitted to trading on the AIM market of the London Stock Exchange.\nCMdN, a subsidiar...