Leyshon Resources Limited Board Changes and Cost Reduction Measures (5738M)
08 Mayo 2015 - 1:00AM
UK Regulatory
TIDMLRL
RNS Number : 5738M
Leyshon Resources Limited
08 May 2015
LEYSHON RESOURCES LIMITED
8 May 2015
Board Changes & Cost Reduction Measures
Leyshon Resources Limited (AIM/ASX: LRL) ("Leyshon Resources" or
the "Company") reports that the position of Managing Director has
been made redundant. Corey Nolan, Managing Director, will assume a
role of Non-Executive Director effective immediately.
The change reflects the Company's commitment to reducing costs
as part of a broader restructure of the Company whilst it pursues
investment opportunities. Going forward, Mr Nolan will receive a
director's fee commensurate with the other directors of the
Company. All directors' fees will also be reduced by 50 per cent.
The Company is also seeking shareholder approval at the Annual
General Meeting on 29 May 2015 to de-list from the Alternative
Investment Market in London.
With the limited availability of suitable assets that can
support new funding and re-compliance with a listing on the
securities exchange, the Board believes the cost reduction strategy
is prudent until such time as the Company completes a
transaction.
For further information please contact:
Leyshon Resources Limited
Corey Nolan - Non-Executive Director
Tel: +61 7 3221 7770
admin@leyshonresources.com
RFC Ambrian Limited
Samantha Harrison (Nominated Adviser)
Kim Eckhof (Corporate broking)
Tel: +44 (0)203 440 6800
http://www.leyshonresources.com
Leyshon Resources Limited ABN 75 010 482 274
Level 3 / Suite 3, 1292 Hay Street, West Perth 6005, Western
Australia
Tel: + 61 8 9321 0077 Fax: + 61 8 9322 4073
This information is provided by RNS
The company news service from the London Stock Exchange
END
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