Alba Mineral Resources PLC Investee Company Update: GreenRoc Mining plc (6995K)
May 09 2022 - 1:10PM
UK Regulatory
TIDMALBA
RNS Number : 6995K
Alba Mineral Resources PLC
09 May 2022
Alba Mineral Resources plc
("Alba" or the "Company")
Investee Company Update: GreenRoc Mining plc
Alba Mineral Resources plc (AIM: ALBA) notes the announcement
today by its portfolio company, GreenRoc Mining plc ("GreenRoc")
(AIM: GROC), in which Alba holds a 54% majority interest.
The announcement by GreenRoc is set out below without material
changes:
GreenRoc Mining plc
("GreenRoc" or the "Company")
Board Change
GreenRoc Mining Plc (AIM: GROC), a company focused on the
development of critical mineral projects in Greenland, announces
that Kirk Adams, CEO, has tendered his resignation from the Board.
Mr Adams is stepping down for personal reasons. The Board of
GreenRoc has accepted his resignation, with 6 May 2022 being his
last day with the Company. Lars Brünner , Non-Executive Director,
has taken over the role of CEO while the Company seeks to appoint a
long-term successor to the post.
Chairman George Frangeskides said:
"I would like to thank Kirk for his stewardship of the Company
since the IPO and to wish him every success in his future
endeavours.
"The Company is in excellent hands with Lars Br ü nner stepping
up as interim CEO while we complete the process for appointing a
permanent CEO. Lars has a tremendous knowledge of and affinity to
Greenland, allied to strong connections with key Greenlandic
stakeholders. He has also been heavily involved in the preparations
for this summer's field programmes, including the planned EIA and
SIA work activities.
"We will be announcing further details in respect of our
forthcoming field work programmes in the coming days."
**ENDS**
This announcement contains inside information for the purposes
of the UK Market Abuse Regulation and the Directors of the Company
are responsible for the release of this announcement.
For further information, please visit
www.albamineralresources.com or contact:
Alba Mineral Resources plc
George Frangeskides, Executive Chairman +44 20 3950 0725
SPARK Advisory Partners Limited (Nomad)
Andrew Emmott +44 20 3368 3555
ETX Capital (Broker)
Thomas Smith +44 20 7392 1494
St Brides Partners (Financial PR)
Isabel de Salis / Catherine Leftley alba@stbridespartners.co.uk
Alba's Projects and Investments
Mining Projects Operated Location Ownership
by Alba
Clogau (gold) Wales 90%
Dolgellau Gold Exploration
(gold) Wales 90-100%
Gwynfynydd (gold) Wales 100%
Limerick (zinc-lead) Ireland 100%
Investments Held by Alba Location Ownership
GreenRoc Mining Plc (mining) Greenland 54%
Horse Hill (oil) England 11.765%
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END
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