Board Changes

 

TIDMGPN 
 
RNS Number : 5859S 
Gladstone Pacific Nickel Limited 
13 September 2010 
 

13 September 2010 
 
                        GLADSTONE PACIFIC NICKEL LIMITED 
                                (ACN 104 261 887) 
 
                                  Board Changes 
 
Gladstone Pacific Nickel Limited ("GPNL" or the "Company") announces that Mr 
Neil Eugene Meadows has resigned as Acting Managing Director of the Company 
effective 13 September 2010. Neil has resigned from the Board as he does not 
consider himself independent in relation to the current offer being made for the 
Company by QNI Resources Pty Ltd ("QNR"). 
 
Under the requirements of the Australian Corporations Act, the Company is 
required to have a minimum of three directors. In order to comply with these 
requirements, the Company has appointed Mr Clive Frederick Palmer to the Board 
effective immediately. 
 
A further announcement in relation to the appointment of Mr Palmer, including 
the information required under Schedule 2(g) of the AIM Rules for Companies, 
will be made as soon as possible. 
 
Mr Palmer has an interest of 50.04% of the issued share capital of GPNL through 
his wholly owned subsidiary QNR. QNR is currently undertaking a takeover offer 
for GPNL. 
 
ENDS 
 
For more information or comment 
 
Julien McInally - Gladstone Pacific Nickel Ltd 
Tel:[phone] 
 
 Fiona Owen / Robert Beenstock - Grant Thornton Corporate Finance 
Tel:[phone] 
 
 Richard Johnson - Arbuthnot Securities 
 
Tel: [phone] 
 
Email: [e-mail] 
Gladstone Pacific Nickel Limited is an Australian mining development company 
presently undertaking an Integrated Definitive Feasibility Study for the 
Gladstone Nickel Project. 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. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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