Appointment of a director and an EVP (7559S)

TIDMTIL

RNS Number : 7559S

Tembusu Investments Limited

25 November 2011

25 November 2011

Tembusu Investments Limited ("Tembusu"or the "Company")

Appointment of a director and an executive vice president ("EVP")

The board of directors of Tembusu (the "Board") is pleased to announce the appointment of Mr Chung Dongwook as a non executive director of the Company and also of Mr Enrique Lopez de la Mesa as EVP Corporate Development, a non-Board position.

Mr Chung is a businessman living in Mongolia and has been involved in a number of natural resources ventures. He has a network of contacts in Mongolia.

Mr Lopez de Mesa is a senior natural resources and finance professional possessing capital markets experience. He has been active with such mining groups as Sino Vanadium Inc., Alpaca Resources Inc. (a Peruvian mining exploration company) and Southern Oregon Gold Corp.; in addition he has served as director of several TSX-V, NASDAQ, OTC and PLUS-traded resources companies, including Veraz and Petrolympic, where he served as Chairman. For the past 15 years, he has had an Asian practice involving a range of companies with a focus on China and Mongolia. Previously he was a Canadian vice-president for a leading Hong Kong mid-market financial services group. His investment banking and corporate finance experience at PWC Securities and Barclays plc's investment bank included debt and equity issues, mergers and acquisitions and valuations; he has completed over 50 transactions, principally in natural resources. Recently he was involved in the acquisition and development of an iron ore mine in Mongolia.

The Board believes that both Mr Chung and Mr Lopez de Mesa will add value to the Company over time.

The Board is also please to announce that it has appointed both Mr Chung and Mr Lai Seng Kwoon to the four subcommittees of the Board. These subcommittees are Management, Audit, Remuneration and Nominations.

 
For enquiries: 
 
Tembusu Investments Limited                             Tel: [phone] 
Chan Fook Meng, Chairman and Chief Executive Officer 
 
Allenby Capital Limited (Nominated Adviser and Broker)  Tel: [phone] 
Brian Stockbridge 
Dan Robinson 
James Reeve 
 

Regulatory disclosures:

Chung Dongwook has or has been a director of the following companies in the last five years:

 
Current directorships                 Previous directorships 
-- Cascade Mining LLC                           -- 
 -- Oxley Mining Limited 
 -- Alchem Global Pte Ltd, Singapore 
 

There are no disclosures to be made in relation to Chung Dongwook (aged 42) under Schedule Two, paragraph (g) (i)--(viii) of the AIM Rules for Companies.

This information is provided by RNS

The company news service from the London Stock Exchange

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