Shefa Gems Ltd Directorate Change (0684X)

TIDMSEFA

RNS Number : 0684X

Shefa Gems Ltd

17 December 2019

17 December 2019

Shefa Gems Ltd.

("Shefa Gems" or the "Company")

Directorate Change

Shefa Gems (LSE: SEFA), a company focused on advanced exploration and development of multi-gemstone projects in Northern Israel, is pleased to announce the appointment of Mr. Yosef Itzhak Taub to the Company's Board of Directors with effect from 2nd December 2019. Since 2017, Yosef has been the CEO and Director of One Hundred and One Gold Holdings Ltd., the current management company of Shefa Gems.

Mr. Yosef Taub, aged 33, is a certified gemologist with experience in polished and raw gem sorting and has managed the Company's sample collection and geophysical surveys since 2010. He is the son of Shefa Gems' late CEO Mr. Abraham 'Avi' Taub.

Yosef has long-standing relationships with numerous equity investors in Israel, as well as abroad and worked closely with Avi Taub, in securing funding for the Company and in the overall management of the business.

He is also the owner of Eight-O-Eight Global Corp. through which he holds a 5.7 per cent. shareholding in Shefa Gems and a 14.61 per cent. in Shefa Yamim Ltd, Shefa Gems' holding company registered in Israel.

There are no further disclosures to be made in relation to Yosef Taub.

Chairman of the Board, Michael Rosenberg, OBE, said: "We are delighted to welcome Yosef Taub to our Board. He has been an integral part of the Company's management team and has managed the fundraising and investor relations alongside Avi Taub, our late CEO. He has become an integral part of Shefa Gems' evolving management team and we are looking forward to him providing continuity in managing the relationship with our longstanding investors as well as making positive contributions to the business as a member of the Board."

- Ends -

Enquiries

 
 Shefa Gems Ltd 
 Michael Rosenberg, OBE - Chairman 
  www.shefagems.com                    [phone] 
                                      ----------------------- 
 
 VSA Capital Limited - Financial 
  Adviser 
                                      ----------------------- 
 Andrew Raca                           [phone] 
                                      ----------------------- 
 
 SI Capital Limited - Broker 
                                      ----------------------- 
                                       [phone] / +44 
 Nick Emerson and Jon Levinson          1483 413500 
                                      ----------------------- 
 
 Luther Pendragon 
                                      ----------------------- 
 Harry Chathli, Alexis Gore, Rachel 
  So                                   [phone] 
                                      ----------------------- 
 

Notes to Editors

About Shefa Gems Ltd

Shefa Gems Ltd (LSE: SEFA) is a multi-commodity explorer of precious stones operating in Northern Israel. Exploration activity is managed by professionally skilled and technically competent personnel and is accompanied by an international team of geological experts with decades of proven experience in their fields.

All exploration activities are conducted under international standards and the internationally recognised SAMREC 2016 Code. Furthermore, its four (4) permits, granted to it by the Commissioner of Mines at the Ministry of Energy, Natural Resources Administration, Israel, extend over an area of approximately 600,000 Dunam (60,000 hectares) that includes the Kishon River, the volcanic bodies on Mount Carmel, the Zevulun and Yizre'el valleys and their margins - Menashe Hills, Tivon-Alonim Hills, and Nazareth range. The Company upholds environmental values and protects the nature in the areas where it operates, cooperating fully with all authorities.

Alongside its exploration activities, the Company is building on the launch of the "Heaven on Earth" jewellery collection and developing the Company's "Mine to Market" strategy to promote unique jewellery collections utilising Shefa Gems' suite of precious gemstones.

The exclusive "Heaven on Earth" collection is now available to view online on the website of the designer Yossi Harari at: www.yossiharari.com/collections/heaven-on-earth-1

For further information please visit the website at www.shefagems.com

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

BOACKADPBBDBFBD

(END) Dow Jones Newswires

December 17, 2019 02:00 ET (07:00 GMT)