Asiamet Resources Limited Director Appointment (0531F)

TIDMARS

RNS Number : 0531F

Asiamet Resources Limited

10 July 2019

10 July 2019

Asiamet Director Appointment

Asiamet Resources Limited ("Asiamet" or the "Company") is pleased to announce the appointment of Mr Feng (Bruce) Sheng as a Non-Executive Director to the Board effective from 10 July 2019. Mr Sheng is the Chairman of Melbourne based Asipac Group Pty Ltd, a diversified company with investments across the resources and financial sectors, and various property businesses. Mr Sheng also currently serves as Vice Chairman of the Australia China Business Council (Victoria) and the Executive Chairman of ASX listed Terramin Australia Ltd, a company developing a portfolio of zinc and gold projects in Australia and Algeria.

Tony Manini, Executive Chairman commented:

"On behalf of the Company we welcome Bruce to the Asiamet Board. Bruce has been a long-term supportive shareholder and we look forward to the opportunity to work more closely with him as we move into the project financing and development stage for the BKM project and continue advancing our other high potential projects on the KSK CoW and at Beutong. Bruce has spent the past 25 years working at the interface between China-Australia business and brings extensive experience and networks across China and greater Asia to the Asiamet board. This is particularly relevant given China's One Belt-One Road policy and the large amount of Chinese inbound investment into Indonesia associated with it. Enhancing the Company's level of connectivity with China is expected to add significant value as we continue the development of our portfolio of high-quality copper, gold and polymetallic projects. Different skills and experience will be required to take the Company forward and as such further evolution and strengthening of the board and management team is considered an important requisite for continued growth. Our ability to attract new directors of the calibre of Bruce, and Dominic before him, are testament to the progress we have made and the quality of the growth opportunity that Asiamet presents for investors. We look forward to continuing to deliver on our plans for the benefit of all stakeholders."

The Company provides the following additional disclosure as at 10 July 2019 relating to the appointment of Mr Feng (Bruce) Sheng as director of Asiamet, effective 10 July 2019:

Mr Feng (Bruce) Sheng, aged 56, currently holds or has held the following directorships and partnerships over the last five years:

 
 Current directorships and partnerships   Past directorships and partnerships 
 Asipac Group Pty Ltd                     Sinotrans Investments Pty Ltd 
                                         ------------------------------------ 
 Asipac Capital Pty Ltd                   Sinotrans Holdings Pty Ltd 
                                         ------------------------------------ 
 Asia Pacific Hotels Pty Ltd              Retakaful Collective Pty Ltd 
                                         ------------------------------------ 
 Asipac Holdings Pty Ltd                  1(st) Fund Capital Pty Ltd 
                                         ------------------------------------ 
 Terbru Pty Ltd 
                                         ------------------------------------ 
 Kinjusca Pty Ltd 
                                         ------------------------------------ 
 Asipac FS Investments Pty Ltd 
                                         ------------------------------------ 
 Asipac Corporation Pty Ltd 
                                         ------------------------------------ 
 Asipac Dairy Pty Ltd 
                                         ------------------------------------ 
 BMY Group Pty Ltd 
                                         ------------------------------------ 
 Partyworld International Pty Ltd 
                                         ------------------------------------ 
 AHA Pacific Pty Ltd 
                                         ------------------------------------ 
 Wanshe Holdings Pty Ltd 
                                         ------------------------------------ 
 Terramin Australia Limited 
                                         ------------------------------------ 
 Western Mediterranean Zinc SpA 
                                         ------------------------------------ 
 

Mr. Sheng, through the holdings of Asipac Group, has an 8.55% interest in the securities of Asiamet at the date of this announcement.

Except as disclosed in this announcement, neither the Company nor Mr. Sheng are aware of any further disclosures that are required in respect of the appointment of Mr. Sheng under Rule 17 or paragraph (g) of Schedule Two of the AIM Rules for Companies.

ON BEHALF OF THE BOARD OF DIRECTORS

Tony Manini, Executive Chairman

For further information, please contact:

-Ends-

Peter Bird

Deputy Chairman and CEO, Asiamet Resources Limited

Telephone: [phone]

Email: [e-mail]

Tony Manini

Executive Chairman, Asiamet Resources Limited

Telephone: [phone]

Email: [e-mail]

FlowComms Limited

Sasha Sethi

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Email: [e-mail]

Asiamet Resources Nominated Adviser

RFC Ambrian Limited

Andrew Thomson / Stephen Allen

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Email: [e-mail] / [e-mail]

Berenberg

Matthew Armitt, Detlir Elezi

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Email: [e-mail] / [e-mail]

Liberum

Clayton Bush, Kane Collings

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Email: [e-mail]

Optiva Securities Limited

Christian Dennis

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Email: [e-mail]

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July 10, 2019 02:05 ET (06:05 GMT)