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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Archipelago Res | LSE:AR. | London | Ordinary Share | GB0033551721 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 57.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAR. RNS Number : 1748W Archipelago Resources PLC 24 July 2009 ANNOUNCEMENT ARCHIPELAGO RESOURCES PLC APPOINTMENT OF A NON EXECUTIVE DIRECTOR Archipelago Resources Plc ("Archipelago" or the "Company") is pleased to announce the appointment of Mr Jeremy Ayre as a non executive director of the Company. Mr Ayre is the nominee of major shareholder Baker Steel Investment Funds ("Baker Steel") in accordance with an investment agreement announced on 24 February 2009. Jeremy William Dowling Ayre (43) is a director and co-founder of AWR Lloyd, a strategic and financial advisor to the energy, mining and metals sector in Asia. He has extensive experience in the mining industry as a professional engineer, corporate executive and advisor on M&A and strategic issues. He worked in an operational capacity at mines in Australia and Portugal and was a member of Rio Tinto's 'Business Evaluation Department' based in London for a number of years. At Rio Tinto he advised the board and directors on group capital expenditure proposals, strategic decisions and valuation methodologies. Prior to AWR Lloyd, Jeremy worked in M&A and privatization transactions at Paribas, a French investment bank for three years. Since 2002, he has been focused on strategy consulting assignments and M&A deals for mining industry clients in south-east Asia and Australia. Jeremy has also been a non-executive director of Baker Steel Capital Managers and its funds since 2002. Baker Steel is a London-based fund management company specialising in the resources sector with approximately US$600 million under management. In 2008, he partnered the launch of Baker Steel's Genus Capital Fund which targets special investment situations in private resource projects. He was educated at the University of NSW in Sydney (B.Eng, Hons) and the Ecole Nationale des Ponts et Chaussees in Paris (MBA). The Board welcomes Mr Ayre as part of Baker Steel's commitment to assist the Company to meet its project development objectives. The following information is provided in accordance with paragraph 17 and Schedule 2(g) of the London Stock Exchange AIM Rules: Jeremy Ayre has held within past 5 years the following directorships/partnerships: Current Directorships AWR Lloyd Ltd (Hong Kong) Baker Steel Capital Managers Ltd (Cayman) Genus Gold Dynamic Fund Genus Natural Resources Master and Feeder Fund Genus Capital Fund Previous Directorships AWR Consulting Ltd. (UK). AWR International Ltd (Hong Kong) * Genus Energy Fund * Lodestone SARL (Luxembourg)* Buymines Limited (UK) * AWR SARL (France) * * These companies were all closed and subsequently dissolved as a result of a voluntary liquidation; all creditors relating to these liquidations have now been satisfied. Archipelago is a mining company listed on the AIM market of the London Stock Exchange. The Company's principal activities are gold mining and exploration in Indonesia (as 85% owner of the Toka Tindung Gold Project in Sulawesi), Vietnam (as majority party in the Pac Lang and Cam Thuy/Ba Thuoc joint ventures with VINACOMIN a Vietnamese Government mining company) and the Philippines (as option holder over a 100% interest in the Corplex tenements). Further Info: Colin Loosemore, Managing Director, Archipelago Resources Plc. Tel: 00-618-9364-8301 Richard Chase, Ambrian Partners Ltd Tel: 020-7634-4700 Ron Marshman / John Greenhalgh, Lothbury Financial Tel: 020-7011-9411 Gerry Beaney / Fiona Kindness, Grant Thornton UK LLP Tel: 020 7383 5100 www.archipelagoresources.com.au This information is provided by RNS The company news service from the London Stock Exchange END BOAPUURGMUPBGGW
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