Asiamet Resources Limited Asiamet Resources Strengthens Board And Management

 
TIDMARS 
 
 
   Asiamet Resources Limited ("ARS" or the "Company") is pleased to 
announce a further strengthening of its Board and management team as it 
advances the BKM feasibility study through to completion in 2017 and 
ramps up project financing and mine development related activities. 
Simultaneously the Company is continuing to progress its other high 
potential Indonesian copper and gold projects, delisting from the TSX-V 
and consolidating its listing on the London AIM. 
 
   Effective February 20, 2017, Tony Manini the current Chief Executive 
Officer and Vice Chairman will assume the position of Executive Chairman 
of the Board and Mr Peter John Bird, a highly experienced mining company 
executive will join Asiamet in the full time role of Chief Executive 
Officer. Mr Bird, 53, will also join the Asiamet Board as Vice Chairman. 
Peter Pollard the current Chairman of the Board will continue as a 
non-executive director. 
 
   Further changes to the Board will be announced in due course as the 
focus of Company activities transitions from exploration and feasibility 
studies to project financing, mine construction and operations. 
 
   Peter Bird is an experienced, well known and highly respected mining 
industry executive. His extensive experience covers technical, 
management, investment and human resource positions with major companies 
such as Western Mining Corporation, Merrill Lynch Equities and Newmont 
Mining. He has held senior executive roles at Newcrest Mining and 
Normandy Mining, two of Australia's largest gold producers with 
substantial operations in Indonesia. Peter was most recently the 
Managing Director of Heemskirk Consolidated Limited, an Australian 
listed producer of industrial minerals in Canada and previously operator 
of the Pajingo gold mine in Australia and the Los Santos tungsten mine 
in Spain.  Over the past three years he has led the feasibility, 
financing and development of an industrial minerals project in Canada. 
Mr. Bird has a Bachelor of Applied Science in Geology from LaTrobe 
University and is a member of the Australian Institute of Mining and 
Metallurgy and the Australian Institute of Company Directors. 
 
   On February 13, 2017, Mr. Bird was granted 8 million stock options of 
the Company on the following terms, assuming continued employment:  2 
million options will vest February 20, 2018 at an exercise price of 6p 
per share, 2 million options will vest February 20, 2018 at an exercise 
price of 8 p per share, 2 million options will vest February 20, 2019 at 
an exercise price of 10 p per share and 2 million options will vest 
February 20, 2019 at an exercise price of 12 p per share. 
 
   Tony Manini, Asiamet's Chief Executive Officer commented: 
 
   Asiamet is rapidly advancing towards a major milestone in its life as a 
Company. While this represents a very exciting time for all our 
stakeholders, the complexity and intensity of activities required to 
transition from exploration and feasibility studies through project 
financing to mine construction and operations in a developing country is 
very significant. As such we are very pleased to have attracted an 
executive of Peter Bird's calibre to join our operational team and I am 
looking forward to working closely with him to lead the Company through 
this next exciting phase. As Executive Chairman my commitment to the 
success of Asiamet remains unwavering and acutely focussed on business 
critical strategic matters. The addition of Peter's experience across 
all facets of the mining business in both major and junior company 
environments including recent project financing and development 
experience is highly relevant to Asiamet's current status. As a top 
rated mining analyst, investor relations manager and Managing Director 
his extensive capital markets experience will prove highly beneficial as 
we look to further expand our investor base. It speaks volumes for the 
quality of our project portfolio and team that Peter has elected to join 
Asiamet at this time and we warmly welcome him to the Company." 
 
   Companies and partnerships of which Mr Bird has been a director or 
partner in the last five years: 
 
   Current: 
 
 
   -- Australian Resources Evaluation & Development Pty Ltd 
 
   -- Resource Executive Services Pty Ltd 
 
   -- Tambo Trading Pty Ltd 
 
 
   Past: 
 
 
   -- Excelsior Gold Limited 
 
   -- GPM Resources Pty Ltd 
 
   -- Heemskirk Consolidated Limited 
 
   -- Heemskirk Canada Limited 
 
   -- Heemskirk Canada Holdings Limited 
 
   -- Heemskirk Technical Services Pty Ltd 
 
   -- HSK Trading Pty Ltd 
 
   -- HCA Mountain Minerals (Moberly) Limited 
 
   -- HCA Mountain Minerals (Lethbridge) Limited 
 
   -- HCA Mountain Minerals (Nevada) Limited 
 
 
   Other than as provided in this announcement, no other disclosures in 
relation to Mr Bird are required under Rule 17 and Schedule 2 of the AIM 
Rules for Companies. 
 
   ON BEHALF OF THE BOARD OF DIRECTORS 
 
   Tony Manini, Deputy Chairman and CEO 
 
   -Ends- 
 
   For further information, please contact: 
 
 
 
   Tony Manini 
 
   Deputy Chairman and CEO, Asiamet Resources Limited 
 
   Telephone: [phone] 
 
   Email: [e-mail] 
 
   FlowComms Limited 
 
   Sasha Sethi 
 
   Telephone: [phone] 
 
   Email: [e-mail] 
 
 
 
 
 
   Asiamet Resources Nominated Adviser 
 
   RFC Ambrian Limited 
 
   Andrew Thomson / Oliver Morse 
 
   Telephone: [phone] 
 
   Email: [e-mail] / [e-mail] 
 
   VSA Capital Limited 
 
   Andrew Raca / Justin McKeegan 
 
   Telephone: [phone] 
 
   Email: [e-mail] 
 
   Optiva Securities Limited 
 
   Christian Dennis 
 
   Telephone: [phone] 
 
   Email: [e-mail] 
 
   Neither the TSX Venture Exchange nor its Regulation Services Provider 
(as that term is defined in the policies of the TSX Venture Exchange) 
accepts responsibility for the adequacy or accuracy of this release. 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Asiamet Resources Limited via Globenewswire 
 
 
  http://www.asiametresources.com 
 

(END) Dow Jones Newswires

February 21, 2017 02:01 ET (07:01 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.