Business
Directorate Changes and Share Issue
Directorate Changes and Share Issue.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n \nRNS Number : 5981P Savannah Resources PLC 03 October 2013 \n\n \n \nDate: 3 October 2013\nSavannah Resources plc\n \n(\"Savannah\", \"SAV\" or \"the Company\")\n \nDirectorate Changes and Share Issue\n \nSavannah Resources plc (AIM: SAV) is pleased to announce the appointment of Dale Ferguson to the board as Technical Director. The Company also confirms that Mark Jones has stepped down from the board of SAV to take up his position as CEO of Alecto Minerals plc (\"Alecto\") where he will continue to lead the Kossanto Gold Project. Upon completion of the sale of AME West Africa Ltd to Alecto which is expected to complete within the next few days Savannah will have a 24.9% shareholding in Alecto and will hold £350,000 of convertible loan notes which on conversion is equivalent to 5.9% of the expanded share capital of Alecto.\n \nDavid Archer, the Company's CEO commenting on the changes stated: \"I would like to thank Mark for his hard work in establishing and running the Company, and special thanks and recognition are deserved for his foresight in the acquisition of Caracal Gold Mali, with its highly prospective set of gold exploration tenements. I am particularly pleased that Mark has become the CEO Alecto Minerals Plc where he will be able to continue the great work he has been doing in evaluating the Kossanto Gold Project. \n \nWe are particularly pleased to welcome Dale Ferguson to the Board; he is an outstanding geologist with extensive commercial experience. He will be integral to building on the current foundations and continuing the growth of the Company.\"\n \nTechnical Director - Dale Ferguson\nIn support of the broadening of Savannah's strategic focus, the Company is pleased to announce the appointment to the Board of Dale Ferguson as Technical Director. Dale has been engaged by the Company since July 2013 as Technical Project Leader and was instrumental in the acquisition of 80% of Matilda Minerals Limitada. Dale is an experienced geologist with significant experience in the commercial aspects of exploration and development projects. Dale graduated in 1993 and has over 20 years' experience in the resources industry with Hillgrove Resources Limited, Thundelarra Exploration, Savage Resources Limited and Gasgoyne Gold Mines. His experience spans greenfiel...