MC Mining Limited Appointment Of Independent Non-Executive Director (3264U)

TIDMMCM

RNS Number : 3264U

MC Mining Limited

29 March 2019

ANNOUNCEMENT

29 March 2019

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

MC Mining Limited ("MC Mining" or the "Company") is pleased to confirm the appointment of Sebastiano (Sam) Randazzo as a non-executive director of the Company's board, effective 29 March 2019.

Sam Randazzo began his career with Arthur Young (predecessor firm to Ernst & Young) before working as a consultant across a variety of projects in the USA, Australia, Canada, Africa and South America and is a member of Chartered Accountants Australia and New Zealand. He has over 25 years' experience in the international mining industry with extensive public company management expertise from roles as chairman, director, chief executive officer, chief financial officer, company secretary and executive director positions of ASX, TSX and AIM listed mineral resource companies. Mr Randazzo has completed numerous feasibility studies, mergers and acquisitions and capital-raisings and has operational management experience in Australia, South America, USA, Canada and the UK.

Mr. Randazzo served in the positions of Executive Chairman and Chief Executive Officer of Intercept Minerals Limited, Executive Director of Vaaldiam Resources Limited and as Executive Director of Elkedra Diamonds NL.

Bernie Pryor, Chairman of MC Mining commented:

"I am delighted to welcome Sam Randazzo to the board of MC Mining. We conduct regular reviews of the board's performance that incorporates analysis of the skill sets needed as the Company progresses and evolves. Sam brings a wealth of mining, commercial and financing expertise that will be beneficial to the Company and complements the other directors' diverse talents.

Sam's appointment also ensures compliance with respect to good corporate governance with the board comprising a majority of independent directors."

 
 For more information contact: 
 David Brown                     Chief Executive Officer         MC Mining Limited               [phone] 
 Brenda Berlin                   Chief Financial Officer         MC Mining Limited               [phone] 
 Tony Bevan                      Company Secretary               Endeavour Corporate Services    [phone] 
  Company advisors: 
                                 Financial PR 
 Jos Simson/ Gareth Tredway       (United Kingdom)               Tavistock                       [phone] 
 Ross Allister/David McKeown     Nominated Adviser and Broker    Peel Hunt LLP                   [phone] 
 Charmane Russell/Olwen Auret    Financial PR (South Africa)     R&A Strategic Communications    [phone] 
 Investec Bank Limited is the nominated JSE Sponsor 
 
 

About MC Mining Limited:

MC Mining is an AIM/ASX/JSE listed coal exploration, development and mining company operating in South Africa. MC Mining's key projects include the Uitkomst Colliery (metallurgical and thermal coal), Makhado Project (coking and thermal coal). Vele Colliery (coking and thermal coal), and the Greater Soutpansberg Projects (MbeuYashu).

Forward-Looking Statements

This Announcement, including information included or incorporated by reference in this Announcement, may contain "forward-looking statements" concerning MC Mining that are subject to risks and uncertainties. Generally, the words "will", "may", "should", "continue", "believes", "expects", "intends", "anticipates" or similar expressions identify forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond MC Mining's ability to control or estimate precisely, such as future market conditions, changes in regulatory environment and the behaviour of other market participants. MC Mining cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forward looking statements. MC Mining assumes no obligation and do not undertake any obligation to update or revise publicly any of the forward-looking statements set out herein, whether as a result of new information, future events or otherwise, except to the extent legally required.

Statements of intention

Statements of intention are statements of current intentions only, which may change as new information becomes available or circumstances change.

AIM Rules Compliance

The following information is provided pursuant to Rule 17 and Schedule 2 Paragraph (G) of the Aim Rules for Companies:

Mr Sebastiano Randazzo, aged 61, has been a director or partner of the following companies during the five years preceding the date of this announcement:

 
 Current                        Within the past 5 years 
 Samcor Investments Pty Ltd     Bardoc Gold Limited 
  Lexhold Investments Pty Ltd    Excelsior Gold Ltd 
                                 GPM Resources Pty Ltd 
                                 XTV Networks Limited (formerly 
                                 Intercept Minerals Limited) 
-----------------------------  -------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

BOABGGDXXBDBGCI

(END) Dow Jones Newswires

March 29, 2019 03:02 ET (07:02 GMT)