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Share Name Share Symbol Market Type Share ISIN Share Description
China Nonferrous Gold Limited LSE:CNG London Ordinary Share KYG215771042 ORD USD0.0001 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.35 -3.8% 8.85 8.50 9.20 9.00 8.90 9.00 105,581 16:35:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 37.1 -16.2 -4.3 - 34

CHINA NONFERROUS GOLD: Board Changes

28/09/2020 2:28pm

UK Regulatory (RNS & others)


China Nonferrous Gold (LSE:CNG)
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TIDMCNG 
 
 

China Nonferrous Gold Limited

 

("CNG" or the "Company")

 

Board Changes

 

China Nonferrous Gold Limited (AIM: CNG), the mineral exploration and mining company currently mining the Pakrut gold project in the Republic of Tajikistan, announces that Mr. Liang has tendered his resignation as Chairman of the Company to pursue other business interests. That resignation has immediate effect today.

 

At the same time, Mr. Yu Lixian has been appointed Chairman of the Company with immediate effect. Mr. Yu was previously Managing Director of the Company.

 

To ensure ongoing and effective corporate governance of the Company, it is agreed that Mr. Yong Li, a current Non-Executive Director of the Company, is appointed as the Senior Independent Director with immediate effect.

 

Finally, it is agreed that Mr. Hui Zhang, be appointed as Managing Director of the Company with immediate effect.

 

Mr. Zhang, is a senior engineer by trade and has worked as engineer in a number of positions since 1998. He currently serves as the Managing Director of China Nonferrous Metals International Mining Co., Limited.

 

A list of Mr. Zhang's current directorships together with those held within the last five years is set out below:

 

Current Directorships

 

China Non-Ferrous Metals International Mining Co. Limited

 

Previous Directorships

 

None

 

Mr. Zhang (aged 50) does not own any shares in the Company and has confirmed that there is no further information to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules.

 

For further information please visit the Company's website (www.cnfgold.com) or contact:

 

China Nonferrous Gold Limited

 

Yu Lixian, Chairman

 

Tel: +86 10 8442 6681

 

WH Ireland Limited (NOMAD & Broker)

 

Katy Mitchell, James Sinclair-Ford

 

Tel: 0207 220 1666

 

Blytheweigh (PR)

 

Tim Blythe, Camilla Horsfall

 

Tel: +44 (0)20 7138 3224

 

Project Summary

 

The Pakrut gold project, of which CNG has 100 per cent ownership, is situated in Tajikistan approximately 120km northeast of the capital city Dushanbe. Pakrut is located within the Tien Shan gold belt, which extends from Uzbekistan into Tajikistan, Kyrgyzstan and Western China, and which hosts a number of multi-million Ounce gold deposits.

 

CNG is currently in a commissioning phase with mining contractors on site finalising constructing of the mine, plant, tailings dam and refinery.

 

About Tajikistan

 

Tajikistan is a secular republic located in Central Asia. The country is a member of the Commonwealth of Independent States and the Shanghai Cooperation Organisation. Tajikistan hosts numerous operating precious metal mines as well as the largest aluminium smelter in Central Asia. CNG's management team has extensive experience in the mining industry in Tajikistan.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20200928005456/en/

 
    CONTACT: 

China Nonferrous Gold Limited

 
    SOURCE: China Nonferrous Gold Limited 
Copyright Business Wire 2020 
 

(END) Dow Jones Newswires

September 28, 2020 09:28 ET (13:28 GMT)

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