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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Toledo Mining | LSE:TMC | London | Ordinary Share | GB00B0CRWC45 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 55.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMTMC 7 July 2009 TOLEDO MINING APPOINTS NEW DIRECTOR Toledo Mining Corporation plc ("Toledo" or the "Company") (AIM:TMC) is pleased to announce the appointment of Mr Jason Ann Minn Cheng as a Non Executive Director of the Company. Mr Cheng (aged 37) is a director and shareholder of Daintree Resources Limited ("Daintree"), a private company registered in British Virgin Islands, which is jointly owned by Mr Cheng and an associate of Mr Cheng. Daintree currently holds 5,912,250 ordinary Toledo shares ("Shares"), representing approximately 20.0 per cent. of the Company's issued share capital. As separately announced today, pursuant to a conditional placing letter, Daintree has committed to subscribe for a further 4,060,000 Shares as part of a placing to raise approximately GBP3.4 million for the Company. Following completion of the proposed placing, for which shareholder approval is to be sought at a general meeting of the Company on 31 July 2009, Daintree would hold 9,997,250 Shares representing approximately 24 per cent. of the Company's enlarged issued share capital. Mr Cheng is based in Hong Kong and is the Managing Partner of Ancora Capital Management Limited ("Ancora"), a private equity firm which invests in the natural resources sector in Asia. Previously, Mr Cheng has worked in investment banking in the resources sector at Schroders, Ord Minnett and JP Morgan in Australia, and was also based in Beijing, China, undertaking investment and advisory activities at Jade International Capital Partners. Born and educated in Australia, Mr Cheng holds a Bachelor of Commerce from Melbourne University and a Masters of Commerce from Sydney University. The Board of Toledo believe that Mr Cheng's business acumen and experience will make a significant contribution to the development of Toledo and are pleased to welcome Mr Cheng to the Board. Details of companies and partnerships of which Mr Cheng has been a director or partner in the last five years is set out below: Current Directorships Ancora Capital Management Limited Ancora Capital Management (Asia) Limited Ancora General Partner Limited Daintree Resources Limited Jade International Capital Partners Limited Jade International Group Pty Ltd Jade Property Holdings Limited Kerry Investment 888 Pty Ltd Past Directorships British American Eastern Beijing Ltd As a result of his role as Managing Partner of Ancora Capital Management Limited, Mr Cheng is also a director of various special purpose vehicle companies established for the purpose of holding Ancora's interest in various investee companies whereby Mr Cheng acts in that capacity under the direction and control of the Ancora fund manager, Ancora Capital Management Limited, and ultimately the fund's general partner, Ancora General Partner Limited. A full list of Mr Cheng's directorships will be available to shareholders upon written request. There is no further information to disclose in relation to the appointment of Mr Cheng pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies. For further information, contact: Reg Eccles, Chairman, Toledo Mining Corporation +44 (0) 20 7514 1480 plc Richard Brown, Richard Greenfield, Ambrian +44 (0) 20 7634 4700 Partners Limited Alex Buck, BuckBias Limited +44 (0) 7932 740 452 =--END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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