Ferrum Crescent Ltd Board, Company Secretary & Administrative Changes (9258B)

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RNS Number : 9258B

Ferrum Crescent Ltd

16 January 2018

16 January 2018

Ferrum Crescent Limited

("FCR", the "Company" or the "Group")(ASX, AIM, JSE: FCR)

Board, Company Secretary and Administrative Changes

FCR, the European lead-zinc explorer, is pleased to announce that Mr Daniel Smith has been appointed to the Board of the Company as a Non-Executive Director, as well as assuming the role of Company Secretary, both with immediate effect. In addition, the Company has appointed Minerva Corporate Pty Ltd ("Minerva Corporate"), a company which is part-owned and controlled by Mr Smith, to support its finance and administrative functions. These changes form part of an ongoing programme by the Board to identify and implement efficiencies and cost savings.

Mr Smith is a member of the Australian Institute of Company Directors and the Governance Institute of Australia and has over 10 years' primary and secondary capital markets expertise. As a director of Minerva Corporate, he has advised on, and been involved in, over a dozen IPOs, RTOs and capital raisings on both the ASX and NSX. His key focus is on corporate governance and compliance, commercial due diligence and transaction structuring, as well as ongoing investor and stakeholder engagement. Mr Smith is also currently Company Secretary for Taruga Gold Limited and Love Group Global Limited, both listed on the ASX. He holds a BA in International Relations from Curtin University, Western Australia.

Mr Grant Button has resigned from his position as Company Secretary with immediate effect but will continue to serve as a Non-Executive Director of the Company. The Board would like to thank Mr Button for his valued contribution within the Company Secretary role.

The following additional information is provided in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies in relation to the appointment of Mr Smith:

Daniel John Edward Alexander Durston Smith (aged 34)

 
 Current Directorships     Past Directorships / Partnerships 
  / Partnerships            (last 5 years) 
 Bridge The Gap Trading    Accenture Investments Pty 
  Pty Ltd                   Ltd 
 Commodite Resources       CoAssets Australia Pty Ltd 
  Pty Ltd 
 Goldfields Consolidated   CoAssets Limited 
  Pty Ltd 
 Hemisphere Corporate      Fraser Range Metals Group 
  Services (SA) Pty Ltd     Limited 
 Hill 50 Gold Mines Pty    Global Gold Holdings Limited 
  Ltd 
 Mallina Exploration       Hemisphere Corporate Services 
  Pty Ltd                   Pty Ltd 
 Minerva Corporate Pty     Jobstore Group Limited 
  Ltd 
 Minerva Equity Pty Ltd    MSM Corporation International 
                            Limited 
 Ordriver Mining Pty       PLC Financial Solutions Limited 
  Ltd 
 Orwellian Pty Ltd         Sing Kee Kaya Limited 
 Pilbara Commodites Pty    Taruga Gold Limited 
  Ltd 
 SHH Group Limited         York Energy NL 
 Sorrento Resources Pty 
  Ltd 
 Stirfire Limited 
 Wombat Resources Pty 
  Ltd 
 Yandal Metals Pty Ltd 
 

Mr Smith was a former director of York Energy NL which entered into administration on 9 September 2013 with a shortfall to creditors of approximately A$2.5 million.

Mr Smith does not hold any existing interest in the Company's ordinary shares.

There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two to the AIM Rules for Companies.

Commenting today, Mr Laurence Read, Executive Director, said:

"We continue to identify and implement cost efficiencies in order to best position the Company to deliver shareholder value from our ongoing exploration work. The appointment of Daniel and Minerva Corporate signals a new way forward for the administration and financial management of the Company on shareholders' behalf. I believe that appointing Minerva, a professional company secretarial and administrative services provider to numerous ASX companies, will enable us to deliver further cost savings and efficiencies during 2018, thereby allowing the maximum amount of funds to be allocated to continued exploration work at our promising Toral lead-zinc and associated metals project in Léon, Spain. "

For further information on the Company, please visit www.fcrexploration.com or www.ferrumcrescent.com or contact:

Ferrum Crescent Limited

Daniel Smith, Non-Executive Director and Company Secretary (Australia)

T: [phone]

Laurence Read, Executive Director (UK) T: + 44 (0)20 3289 9923

Strand Hanson Limited (Nominated Adviser) Rory Murphy / Matthew Chandler

T: [phone]

Peterhouse Corporate Finance Limited (Broker) Lucy Williams / Duncan Vasey / Heena Karani

T: [phone]

Beaufort Securities Limited (Broker) Elliot Hance

T: [phone]

Bravura Capital (Pty) Ltd (JSE Sponsor) Melanie De Nysschen

T (direct): [phone]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ('MAR').

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 16, 2018 02:00 ET (07:00 GMT)