Appointment of Directors

 

TIDMGPN 
 
RNS Number : 9515J 
Gladstone Pacific Nickel Limited 
09 April 2010 
 

9 April 2010 
 
                        GLADSTONE PACIFIC NICKEL LIMITED 
                                (ACN 104 261 887) 
 
                        APPOINTMENT OF NEW BOARD MEMBERS 
 
Following the general meeting held earlier today, Gladstone Pacific Nickel 
Limited ("GPN" or "the Company") announces the appointment of Mr. Vimal Sharma 
and Mr. William Haseler to the board of directors. 
 
Vimal Sharma is a key executive within Mineralogy Pty Ltd and he has managed its 
Western Australian operations since 1999. Vimal Sharma, played an important role 
in management of the technical feasibility study of the Mineralogy iron ore 
project which was acquired in 2006 by the Hong Kong based CITIC Pacific Ltd. 
 
William Haseler is the company lawyer for Mineralogy Pty Ltd. William Haseler 
has 20 years experience as a litigation and company lawyer and has extensive 
experience in company law, contracts and joint ventures 
 
Mineralogy Pty Ltd ("Mineralogy") is a private Company and is a wholly owned 
entity of Mr Clive Palmer. Mr Clive Palmer and his related entities hold a total 
of 50.04% of the ordinary shares in issue of the Company. 
 
The information that is required to be disclosed pursuant to Schedule 2 
paragraph (g) of the AIM Rules in respect of Mr. Sharma are set out in Appendix 
1 and in respect of Mr. Haseler are set out in Appendix 2. 
 
Following these appointments the board of the Company is as follows: 
 
Clive Mensink                          (Non Executive Director) 
Domenic Martino                     (Non Executive Director) 
Vimal Sharma                         (Non Executive Director) 
William Haseler                       (Non Executive Director) 
 
The appointment of Chairman and an Executive Director and or a Chief Executive 
Officer will be announced after the new Board has had time to familiarise 
themselves with the Company and its strategies going forward. 
 
ENDS 
 
For more information or comment 
 
Julien McInally - Gladstone Pacific Nickel Ltd 
Tel:[phone] 
 
Gerry Beaney / Robert Beenstock - Grant Thornton Corporate Finance 
Tel:[phone] 
 
 
John Prior - Arbuthnot Securities 
Tel: [phone] 
 
Email: [e-mail] 
 
 Gladstone Pacific Nickel Limited 
(GPNL) is an Australian mining development company presently undertaking an 
Integrated Definitive Feasibility Study (IDFS) for the Gladstone Nickel Project 
(GNP). The Company's vision is to build a major long-life nickel cobalt refinery 
at the deepwater Port of Gladstone, in Central Queensland, Australia, treating 
abundant high grade nickel laterite ores from New Caledonia and other south-west 
Pacific islands, underpinned by beneficiated ores from its own Marlborough 
deposits. The Project has the potential to be one of the largest of its type in 
the world producing some 126,000 tpa nickel (8 - 10% of global nickel demand) 
and 10,400 tpa of cobalt metal from its first two stages. 
 
Appendix 1 
 
Set out below are the current and past Directorships over the past five years of 
Vimal Kumar Sharma, aged 52. 
 
+------------------------------+--------------------------------+ 
| Current directorships        | Past directorships or          | 
|                              | partnerships                   | 
+------------------------------+--------------------------------+ 
| Australian Resources Limited | None                           | 
| International Minerals Pty   |                                | 
| Ltd                          |                                | 
+------------------------------+--------------------------------+ 
 
 
Appendix 2 
 
Set out below are the current and past Directorships over the past five years of 
William Thomas Haseler, aged 55. 
 
+------------------------------+--------------------------------+ 
| Current directorships        | Past directorships or          | 
|                              | partnerships                   | 
+------------------------------+--------------------------------+ 
| Aqua Sciences Pty Ltd        | None                           | 
+------------------------------+--------------------------------+ 
 
 
Mr. Haseler was previously a director of The Herb & Salad Mix Company Pty Ltd. A 
voluntary administrator and liquidator was appointed in October 2001 and the 
company was deregistered in August 2003. There was a shortfall to creditors. 
 
There are no further details that are required to be disclosed under paragraph G 
of Schedule 2 of the AIM Rules. 
 
This news release includes certain statements that may be deemed 
"forward-looking statements". All statements in this news release, other than 
statements of historical facts, that address future exploration drilling, 
exploration activities and events or developments that the Company expects, are 
forward looking statements. Although the Company believes the expectations 
expressed in such forward-looking statements are based on reasonable 
assumptions, such statements are not guarantees of future performance and actual 
results or developments may differ materially from those in forward-looking 
statements. Factors that could cause actual results to differ materially from 
those in forward-looking statements include metal prices, exploration success, 
continued availability of capital and financing, and general economic, market or 
business conditions. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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