Orogen Gold PLC Appt CEO, Grant of Options, Other Board Changes (6109A)

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RNS Number : 6109A

Orogen Gold PLC

30 September 2015

30 September 2015

Orogen Gold plc

("Orogen Gold" or the "Company")

Appointment of Chief Executive Officer, Grant of Options and Other Board Changes

Orogen Gold plc (AIM:ORE) is pleased to announce the appointment of Colin Bird as Chief Executive Officer ("CEO") of the Company with immediate effect.

Colin Bird is a chartered mining engineer with extensive multi-commodity mine management experience in Africa, Europe, Latin America and the Middle East. He has been involved in a number of public listings in the UK, Canada and South Africa, including as founder of Kiwara plc which discovered the large Kalumbila copper project in Zambia, which was sold to First Quantum Minerals Ltd in 2009 for US$260 million.

As CEO, Colin will lead the execution of the Company's strategy and future direction.

Grant of Options

On his appointment as CEO, Colin Bird has been granted options over a total of up to 180 million new ordinary shares of 0.01p each at an exercise price of 0.035p. The options are subject to performance based vesting conditions over 7 years.

Other Board Changes

Following the appointment of Colin Bird, Ed Slowey assumes the role of Operations Director with responsibility for running the day to day management of the Company's existing projects and assisting Colin Bird in his role as CEO. The Company also announces that Anthony Venus, Non-Executive Director, has resigned from the Board with immediate effect to pursue other business interests. The Board is very grateful to Anthony for his work with the Company over recent years.

The Board now comprises:

Colin Bird - CEO

Adam Reynolds - Non-Executive Chairman

Ed Slowey - Operations Director

Alan Mooney - Finance Director

Michael Nolan - Non-Executive Director

Adam Reynolds, Chairman said: "I am delighted to welcome Colin as CEO of Orogen. His appointment further enhances the extensive exploration, mining and commercial experience of our Board. Colin has a proven track record of enhancing shareholder value through maximising the potential of exploration assets and the identification of new projects. I have great confidence that Colin's appointment will be successful and his experience will prove vital in the future development of the Company."

Colin Bird said: "I am pleased to be given the opportunity to assist Orogen in its future development. I am joining a seasoned public company management team and am confident that jointly we can take Orogen forward to new heights."

Further information pursuant to schedule 2(g) of the AIM Rules is set out below.

Colin Bird, aged 71, holds, or has held in the last 5 years, the following directorships and partnerships:

 
 Current directorships            Directorships and partnerships 
  and partnerships as at           for the five year period 
  the date of appointment          prior to appointment 
 1 Tara Bar and Restaurant        Kairos Capital Corporation 
  CC 
 Add X Trading 810 CC             SacOil Limited 
 African Pioneer plc 
 Bird Leisure and Admin 
  (Pty) Ltd 
 Braemore Resources Ltd 
 Dialyn Café CC 
 Dullstroom Plats (Pty) 
  Ltd 
 Emanuel Mining and Exploration 
  (Pty) Ltd 
 Galagen (Pty) Ltd 
 Galileo Resources plc 
 Galileo Resources South 
  Africa (Pty) Ltd 
 Glenover Phosphate (Pty) 
  Ltd 
 Holyrood Platinum (Pty) 
  Ltd 
 Jubilee Platinum plc 
 Jubilee Smelting and Refining 
  (Pty) Ltd 
 Lion Mining Finance Ltd 
 Maude Mining and Exploration 
  (Pty) Ltd 
 M.I.T. Ventures Corp 
 Mokopane Exploration (Pty) 
  Ltd 
 NDN Properties CC 
 New Plats (Tjate)(Pty) 
  Ltd 
 Pacific North West Capital 
  Corp 
 Pilanesberg Mining Co 
  (Pty) Ltd 
 Pollux Investment Holdings 
  (Pty) Ltd 
 Power Alt (Pty) Ltd 
 Revelo Resources Corp 
 Tiger Resources Finance 
  plc 
 Tjate Platinum Corporation 
  (Pty) Ltd 
 Umhlanga Lighthouse Café 
  CC 
 Windsor Platinum Investments 
  (Pty) Ltd 
 Xtract Resources plc 
 

Mr Bird does not hold any shares in the Company.

Enquires:

Orogen Gold plc [phone]

Colin Bird, CEO

Alan Mooney, FD

   Cairn Financial Advisers LLP (Nominated Adviser)                         [phone] 

Avi Robinson/ Liam Murray

Beaufort Securities Limited (Broker) [phone]

Elliot Hance

   Walbrook (Public Relations and Investor Relations)                      [phone] 

Paul Cornelius/ Guy McDougall

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 30, 2015 02:03 ET (06:03 GMT)