Tethyan Resources PLC Appointment of Financial Controller (9151J)

TIDMTETH

RNS Number : 9151J

Tethyan Resources PLC

03 July 2017

3(rd) July, 2017

Appointment of Financial Controller

The Board announces that Martyn Keates has stepped down from his non-Board position as Chief Financial Officer with the Company effective 30(th) June 2017. Tethyan has appointed Mr Sol Thacker as Financial Controller of the Company as of 1(st) July 2017.

Sol is a Chartered Accountant and Member of the Institute of Chartered Accountants in Australia and holds a Bachelor of Business from the Queensland University of Technology. Sol has managed the accounts and administration of the Company's principal trading subsidiary, Tethyan Resources Jersey Ltd, for the past four years and therefore has detailed knowledge of the Company's operations. Additionally Sol has extensive experience in UK accounting standards and previously held the position of CFO of TSX-V listed Royal Road Minerals Ltd, making him well suited to the role.

Tethyan will look to appoint a new Chief Financial Officer in due course to oversee the Company's finances with particular expertise related to its planned dual listing on the Toronto Venture Exchange.

For further information please contact:

 
 Tethyan Resources PLC         [phone] 
 Peter Mullens (CEO)           [e-mail] 
 
 Cairn Financial Advisers      [phone] 
  LLP                           0880 
 James Caithie / Sandy 
  Jamieson 
 SP Angel Corporate Finance 
  LLP 
  Broker                       [phone] 
  Ewan Leggat                   0470 
 

About Tethyan

Tethyan Resources Plc ("Tethyan Resources") is incorporated in England & Wales (company registration number 3781581) and is a gold and copper mineral exploration company. Tethyan Resources listed on AIM (TETH.L) in 2004.

Exploration is conducted in the Tethyan Belt of Eastern Europe, in particular Serbia where we are acquiring a portfolio of quality precious and base metals projects with known mineralisation and compelling drill targets.

Sustainability is paramount to all Tethyan's activities. The long-term success of Tethyan Resources is connected to our ability to operate in a socially and environmentally responsible way. We are committed to proactively implement sustainable health, safety and environmental management, as well as engage with local communities and all stakeholders. Tethyan Resources' business philosophy is to adhere to good international best practice (GIIP) and implement the highest standards of corporate governance.

More information can be found on our website: www.tethyan-resources.com. This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Disclaimer

This announcement does not comprise a prospectus or other form of offering document relating to Tethyan Resources plc ("the Company"), and does not constitute an offer or invitation to purchase or subscribe for any securities of the Company or any other company and should not be relied on in connection with a decision to purchase or subscribe for any such securities.

The announcement does not constitute a recommendation regarding any decision to sell or purchase securities of the Company or any other company. Your attention is drawn to the risk factors set out below.

This announcement may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, and other related matters. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. The Company's current projects in Serbia are at an early stage and all estimates and projections are based on limited and possibly incomplete data. More work is required before geological and economic aspects can be confidently modelled. Actual results may differ materially from those currently anticipated in this announcement. No representation or prediction is intended as to the results of future work, nor can there be any guarantee that estimates and projections herein will be sustained in future work or that the Project will otherwise prove to be economic.

This information is provided by RNS

The company news service from the London Stock Exchange

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July 03, 2017 05:44 ET (09:44 GMT)