Business
Board Changes & Proposed Issue of Bonus Shares
Board Changes & Proposed Issue of Bonus Shares.
About this update from Rome Resources Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (\"MAR\").\n \n16 August 2023\n \nPathfinder Minerals Plc\n(\"Pathfinder\" or the \"Company\")\n \nBoard Changes\n&\nProposed Issue of Bonus Preference Shares\n \nPathfinder Minerals Plc, the Southern Africa focused natural resource company, announces today the appointment with immediate effect of Paul Barrett as an Executive Director, joining Mark Gasson, an existing non-Executive director of the Company. Dennis Edmonds, the Company's Non-Executive Chairman, will retire from the Board with immediate effect.\n \nBackground information to Board change appointment\n \nMr Barrett is a geologist with strong commercial and engineering experience. He is currently a director of Southwind Corporation, a USA company engaged in a rare earth enriched phosphate project in the Mid-Continent region of the United States. Mr Barrett is also a director of OK Energy Limited, a UK company focused on deepwater oil and gas exploration in South Africa, including a joint venture with Shell and Qatar Energy. Mr Barrett founded and was previously CEO of Europa Oil and Gas plc, an AIM-quoted oil and gas business currently focused in Ireland and onshore UK.\n \nMr. Peter Taylor, the current non-board CEO, will remain with the Company until the completion date of the proposed sale of IM Minerals (\"IMM\") to Acumen Advisory Group LLC (\"AAG\"), and then continue to assist the AAG team in pursuing the claim against the Government of Mocambique.\n \nThe current Board of Directors comprises Paul Barrett and Mark Gasson who both have many years of combined exploration experience, which places it in a strong position to follow up and develop identified exploration opportunities including, but not limited to, battery component metal and precious metal projects which have been presented to the Company.\n \nMark Gasson, Non-Executive Director of the Company, commented:\n \n\"I am delighted to welcome Paul to the Board, and I am confident that he will utilise his invaluable experience and knowledge as the Company transitions to new opportunities, focused on generating superior value for its shareholders. I pay tribute to Dennis Edmonds...