Appointment of Non-Executive Directors
30 Septiembre 2010 - 1:02AM
UK Regulatory
TIDMTXR
RNS Number : 5546T
Titanium Resources Group Ltd
30 September 2010
Titanium Resources Group Ltd
Appointment of Non-Executive Directors
30 September 2010: The Board of Titanium Resources Group Ltd ("TRG" or "the
Company") is pleased to announce that it yesterday appointed Jan Castro and
Michael Barton as Non-Executive Directors of the Company with immediate effect.
Jan Castro
Mr. Castro is the Managing Director of Pala Investments AG, the exclusive
advisor to Pala Investments Holdings Limited, a US$ 1.0 billion investment
company focused on the mining and natural resources sector. As a long-term
partner, Pala leverages its extensive mining and natural resources sector
experience to provide strategic advice and innovative financing solutions.
Prior to founding Pala in July 2006, Mr. Castro was Senior Vice President of
Investments and Corporate Affairs for Mechel OAO, where his primary
responsibilities covered mergers and acquisitions, non-core asset disposals and
investor and public relations. Mechel is a NYSE-listed company and one of
Russia's largest integrated mining and steel companies, focused on coal, iron
ore, nickel and steel products, Mr. Castro was responsible for Mechel's IPO in
2004.
Mr. Castro currently serves on the Boards of Anatolia Minerals Development Ltd,
Avoca Resources Limited, Churchill Mining PLC and several private companies.
Mr. Castro received his J.D. and B.A. from Columbia University.
Michael Barton
Mr. Barton is a finance professional who has worked in the natural resources
sector for the duration of his career. He is currently Vice President at Pala
Investments AG, the exclusive advisor to Pala Investments Holdings Limited, and
prior to that was Vice President at Hatch Corporate Finance, a company
specializing in providing corporate finance advisory services to the metals and
mining industry. Mr. Barton currently serves on the boards of Dumas Contracting
Ltd., Norcast Wear Solutions Limited and New Birmingham Inc.
Mr. Barton is a qualified chartered accountant and a member of the Securities
and Investment Institute.
Wayne Malouf, Executive Chairman, said:
"On behalf of my fellow directors I am delighted to welcome Jan Castro and Mike
Barton to the Board of TRG. Their significant experience in the natural
resources sector strengthens the Company, and we look forward to working with
them to realize the full potential of TRG's world-class asset."
ENDS
For further information:
Titanium Resources Group
Wayne Malouf, Executive Chairman
John Sisay, Chief Executive
Tel: +44 (0) 20 7321 0000
Arbuthnot Securities
Nominated Advisor
Richard Johnson / Hugh Field
Tel: +44 (0) 20 7012 2000
Aura Financial
Michael Oke / Andy Mills
Tel: +44 (0) 20 7321 0000
Titanium Resources Group
Titanium Resources Group is a mining company with operations in the Republic of
Sierra Leone. The Group is the country's largest private sector employer and
produces rutile and ilmenite for use in industrial applications. The Group's
operations have historically accounted for over 65 per cent of the exports of
Sierra Leone.
Other Information
Jan Alex Castro (aged 42) holds no direct beneficial interest in TRG ordinary
shares nor TRG options. Mr Castro has also held the following directorships and
partnerships:
+------------------------------+------------------------------------+
| Current directorships and | Anatolia Minerals Development Ltd |
| partnerships | Avoca Resources Limited |
| | Churchill Mining PLC |
| | Dumas Contracting Ltd |
| | Eagle Holding Limited |
| | Gemcom Software International Inc |
| | Norcast Wear Solutions Limited |
| | |
+------------------------------+------------------------------------+
| Former directorships and | Alacer AG |
| partnerships within the past | Coalcorp Mining Inc |
| five years | Crowflight Minerals Inc. |
| | Dioro Exploration |
| | Melior AG |
| | Norcast Castings Company Limited |
| | 630777 N.B. Inc |
| | 08332624 BC Inc |
| | |
+------------------------------+------------------------------------+
Michael Barton (aged 31) holds no direct beneficial interest in TRG ordinary
shares nor TRG options. He has also held the following directorships and
partnerships:
+------------------------------+------------------------------------+
| Current directorships and | Dumas Contracting Ltd |
| partnerships | Tercon Investments Limited |
| | Norcast Wear Solutions Limited |
| | New Birmingham Inc |
| | 08332624 BC Inc |
| | 2147886 Ontario Limited |
| | |
+------------------------------+------------------------------------+
| Former directorships and | Crowflight Minerals Inc. |
| partnerships within the past | Norcast Castings Company Limited |
| five years | |
+------------------------------+------------------------------------+
As announced on 15 September 2010, Pala Investments Holdings Limited holds
approximately 29.8 per cent. of the Company's issued share capital. Mr Castro
and Mr Barton are the Managing Director and a Vice President respectively of
Pala Investments AG, the exclusive investment adviser to Pala Investments
Holdings Limited. Mr Castro is also an investor in Pala Investments Holdings
Limited.
There are no additional disclosures to be made in relation to Messrs Castro and
Barton pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies.
30 September 2010
This information is provided by RNS
The company news service from the London Stock Exchange
END
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