Business
Directorate and Management Change
Directorate and Management Change.
About this update from Tungsten West Plc
[{"type":"text","content":"\n\n16 August 2023\nTungsten West Plc\n(\"Tungsten West\", the \"Company\" or the \"Group\")\n \nDirectorate and Management Change\n \nTungsten West (LON:TUN), the mining company focused on restarting production at the Hemerdon tungsten and tin mine (\"Hemerdon\" or the \"Project\") in Devon, UK, today announces that Nigel Widdowson has stepped down as a Director of the Company, with immediate effect.\n \nFurther to this, Nigel has also resigned from his role as Chief Financial Officer of the Company.\n \nThe Company has commenced a search and selection process to identify Nigel's replacement and Nigel has agreed to remain in his operating role as CFO for the duration of his notice period, to focus on ongoing funding and project financing activities, and to ensure a smooth transition for the incoming CFO when appointed. \n \nDavid Cather, Chairman of Tungsten West, commented: \"On behalf of the Board, I would like to thank Nigel for his outstanding work over the last two years, guiding us through the IPO and subsequent restructuring and refinancing processes, and supporting the team as we continue towards the recommencement of operations at Hemerdon.\"\n \nNeil Gawthorpe, CEO of Tungsten West, commented: \"Whilst we are disappointed to be losing someone with Nigel's capabilities and experience, we are pleased that he has agreed to remain fully engaged to assist in the Company's permitting and funding activities during this transitional period.\"\n \nThis announcement contains inside information for the purposes of Article 7 of Regulation 596/2014 as amended by the Market Abuse (Amendment) (EU Exit) Regulations 2019.\n \nEnds\n \nFor further information, please contact:\n \nEnquiries\n\n\n\nTungsten West\nNeil Gawthorpe\nTel: +44 (0) 1752 278500\n \n\n\nStrand Hanson\n(Nominated Adviser and Financial Adviser)\nJames Spinney / James Dance / Abigail Wennington\nTel: +44 (0) 207 409 3494\n\n\n\n\nBlytheRay\n(Financial PR)\nTim Blythe / Megan Ray\nTel: +44(0) 20 7138 3204\nEmail: [email protected]\n \nHannam & Partners\n(Joint Broker)\nAndrew Chubb / Matt Hasson / Jay Ashfield\nTel: +44 (0)20 7907 8500\n\n\nVSA Capital Limited\n(Financial Adviser and Joint Broker)\nAndrew Raca / Andrew Monk\nTel: +44 (0)20 3005 5000\n \n \n \n\n\n\...