China Nonferrous Gold Board Changes
December 19 2017 - 2:03AM
UK Regulatory
TIDMCNG
China Nonferrous Gold Limited
("CNG" or the "Company")
Board Changes
China Nonferrous Gold Limited ?????????? (AIM: CNG), the mineral
exploration and mining company currently mining the Pakrut gold
project in the Republic of Tajikistan, is pleased to announce the
appointment of Mr. Xiuzhi Shi ("Mr. Shi") and Mr. Yong Li ("Mr.
Li") as Independent Non-Executive directors with immediate
effect.
Mr. Shi, aged 51, holds a PhD in Mining Engineering from the
Central South University ("CSU"), where he has been an Associate
Professor and Professor of the School of Resources and Safety
Engineering since September 1999.
Mr. Shi has significant industry and academic experience in
mining engineering and safety engineering. From May 1990 to August
1999, Mr. Shi worked as the technical market researcher at the
Hebei Coal Science Research Institute while holding the post of
mining engineer at the Gypsum Mine project for the Yunlong Group.
Mr. Shi is a member of the mining committee of the Nonferrous
Metals Society of China, a standardisation expert for the China
Safety Industry Association and a safety culture expert for the
State Administration of Work Safety. Mr. Shi has also hosted or
participated in more than 80 scientific research projects in mining
and safety engineering and has published over 160 academic papers
in well-known domestic and overseas academic journals.
Mr. Li, aged 42, is an attorney and senior counsel (Partner) of
Gaopeng & Partners. He is also the Executive Director at the
Case Law Research Centre and is a supervisor of graduate students
at the Law School of the Central University of Finance and
Economics. Mr. Li holds a PhD degree in Law from the Tsinghua
University and is a visiting scholar of Stanford Law School.
Mr. Li has significant expertise in academic research in Company
Law, International Law and International Investment Law. He also
has experience in investment, banking and mergers and acquisitions.
Mr. Li has also worked in dispute resolutions in numerous
industries including mining, manufacturing, infrastructure,
construction, chemical engineering and in private equity and
venture capital investment. He is a director at the Beijing Finance
Law Institute and the China Securities Law Institute, and is a
member of the China Law Society and the China National Lawyers'
Association.
The Company also announces that Mr. Che Pizhao has resigned as
an Independent Non-Executive Director from the Board of the Company
with immediate effect.
Wu Xiang, Non-Executive Chairman commented:
"We are delighted to welcome Mr. Shi and Mr. Li to the Board.
Both of them have extensive experience in their respective fields
and we believe they will provide our Board with significant
expertise and insight. We look forward to working with them both as
Independent Non-Executive Directors.
The Board of the Company would also like to take this
opportunity to thank Mr. Che for his long service and the
significant contribution that he has made to the development of the
Company and management team, and wish him every success for the
future. We will look to recruit a further Independent Non-Executive
Director and are looking forward to updating shareholders in due
course"
Further information relating to the Non-executive Director
appointments
Neither Mr. Shi, nor Mr. Li have held any other directorships in
the last 5 years save as set out above, and have not had any
shareholding or interest directly or indirectly with the Company to
date. The Company believe that there is no further information
required to be disclosed under Schedule 2(g) of the AIM Rules for
Companies.
For further information please visit the Company's website
(www.cnfgold.com) or contact:
China Nonferrous Gold LimitedYu Lixian, Managing DirectorTel:
+86 10 8442 6681Investec Bank PlcJeremy Ellis, George PriceTel: +44
(0)20 7597 5970Beaufort Securities LimitedJon BellissTel: +44 (0)20
7382 8300BlytheweighTim Blythe, Camilla HorsfallTel: +44 (0)20 7138
3224
Project Summary
The Pakrut gold project, of which CNG has 100 per cent
ownership, is situated in Tajikistan approximately 120km northeast
of the capital city Dushanbe. Pakrut is located within the Tien
Shan gold belt, which extends from Uzbekistan into Tajikistan,
Kyrgyzstan and Western China, and which hosts a number of
multi-million ounce gold deposits.
CNG is currently in a construction phase with mining contractors
on site finalising restoration of the permanent external power
supply, and the construction of ventilation systemt, tailings dam
and backfill station.
About Tajikistan
Tajikistan is a secular republic located in Central Asia. The
country is a member of the Commonwealth of Independent States and
the Shanghai Cooperation Organisation. Tajikistan hosts numerous
operating precious metal mines as well as the largest aluminium
smelter in Central Asia. CNG's management team has extensive
experience in the mining industry in Tajikistan.
View source version on businesswire.com:
http://www.businesswire.com/news/home/20171218006270/en/
This information is provided by Business Wire
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December 19, 2017 02:03 ET (07:03 GMT)
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