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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tungsten West Plc | LSE:TUN | London | Ordinary Share | GB00BP6QM557 | ORD GBP0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.25 | -4.55% | 5.25 | 5.00 | 5.50 | 5.25 | 5.25 | 5.25 | 177,199 | 08:00:23 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Iron Ores | 626k | -10.29M | -0.0550 | -0.95 | 9.82M |
TIDMTUN
RNS Number : 4285J
Tungsten West PLC
16 August 2023
16 August 2023
Tungsten West Plc
("Tungsten West", the "Company" or the "Group")
Directorate and Management Change
Tungsten West (LON:TUN), the mining company focused on restarting production at the Hemerdon tungsten and tin mine ("Hemerdon" or the "Project") in Devon, UK, today announces that Nigel Widdowson has stepped down as a Director of the Company, with immediate effect.
Further to this, Nigel has also resigned from his role as Chief Financial Officer of the Company.
The Company has commenced a search and selection process to identify Nigel's replacement and Nigel has agreed to remain in his operating role as CFO for the duration of his notice period, to focus on ongoing funding and project financing activities, and to ensure a smooth transition for the incoming CFO when appointed.
David Cather, Chairman of Tungsten West, commented: "On behalf of the Board, I would like to thank Nigel for his outstanding work over the last two years, guiding us through the IPO and subsequent restructuring and refinancing processes, and supporting the team as we continue towards the recommencement of operations at Hemerdon."
Neil Gawthorpe, CEO of Tungsten West, commented: " Whilst we are disappointed to be losing someone with Nigel's capabilities and experience, we are pleased that he has agreed to remain fully engaged to assist in the Company's permitting and funding activities during this transitional period."
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014 as amended by the Market Abuse (Amendment) (EU Exit) Regulations 2019.
Ends
For further information, please contact:
Enquiries
Tungsten West Strand Hanson Neil Gawthorpe (Nominated Adviser and Financial Tel: +44 (0) 1752 278500 Adviser) James Spinney / James Dance / Abigail Wennington Tel: +44 (0) 207 409 3494 BlytheRay VSA Capital Limited (Financial PR) (Financial Adviser and Joint Tim Blythe / Megan Ray Broker) Tel: +44(0) 20 7138 3204 Andrew Raca / Andrew Monk Email: tungstenwest@blytheray.com Tel: +44 (0)20 3005 5000 Hannam & Partners (Joint Broker) Andrew Chubb / Matt Hasson / Jay Ashfield Tel: +44 (0)20 7907 8500
Follow us on twitter @TungstenWest
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END
BOAUVURROAUWAUR
(END) Dow Jones Newswires
August 16, 2023 02:00 ET (06:00 GMT)
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