Business
Director Appointment
Director Appointment.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \nRNS Number : 1324K Thor Mining PLC 27 August 2019 \n\n27 August 2019\n \nTHOR MINING PLC\nDIRECTOR APPOINTMENT\n \nThe Directors of Thor Mining PLC (\"Thor\" or the \"Company\") (AIM, ASX: THR) are pleased to announce that the Company has appointed Mr Mark Potter to the Board as a Non-Executive Director with immediate effect.\n \nMr Mick Billing, Executive Chairman, commented: \n\"We are pleased to announce the appointment of Mark as a Non-Executive Director of Thor. Mark is a Director of Metal Tiger Plc, a major shareholder of Thor, and we are delighted to be able to further strengthen our ties with Metal Tiger.\n\"Mark has an outstanding background in commercial aspects of the resources industry, and we are very pleased to add his strengths to our team.\"\n \nBackground\nMark Potter is a Director of Metal Tiger Plc, a company quoted on the AIM market of the London Stock Exchange. \nMark is the Founder and a Partner of Sita Capital Partners LLP, an investment management and advisory firm specialising in investments in the mining industry. He was formerly a Director and Chief Investment Officer of Anglo Pacific Group, a London listed natural resources royalty company, where he successfully led a turnaround of the business through acquisitions, disposals of non-core assets, and successful equity and debt fundraisings.\nPrior to Anglo Pacific, Mark was a founding member and Investment Principal for Audley Capital Advisors LLP, a London based activist hedge fund, where he was responsible for managing all natural resources investments. Mark worked on several landmark deals in the mining sector including the successful distressed investment and turnaround of Western Coal Corp and its Can$3.3bn sale to Walter Energy Inc.\nMark invested over US$300m during the period 2005 to 2012 in the mining sector, realising proceeds of over US$900m on which he generated returns in excess of US$600m. The Audley European Opportunities Fund was nominated by Eurohedge as a top performing hedge fund in the event-driven space for 2006, 2007 and 2010.\nPrior to Audley Capital, Mark worked in corporate finance for Salomon Smith Barney (Citigroup) and Dawnay, Day, a private equity and corporate finance advisory boutique during which time he completed over US$2bn of M&A, equity and debt transactions. Mark gradua...