Appointment of Finance Director
June 03 2009 - 3:36AM
UK Regulatory
TIDMFND
3 June 2009
Michael Stirzaker appointed Finance Director
Finders Resources Limited (Company) is pleased to announce the
appointment of Michael Stirzaker to the Board, in the role of Finance
Director, effective today.
Mike's initial focus in Finders will be to complete a comprehensive
financing package for the expansion of the Company's Wetar Copper
project to 20-25,000 tonnes per year copper production. He holds a
Bachelor of Commerce from the University of Cape Town and is an
Australian Chartered Accountant. He has more than 25 years of
commercial experience, most of which have been in the mining finance
and mining investment sector.
Mike began his career with KPMG in Sydney, qualifying as a Chartered
Accountant in 1986. He then joined the Corporate Advisory Division of
Wardley James Capel (part of the HSBC Group) and in 1990 moved to
London, spending three years in Corporate Advisory with Kleinwort
Benson Ltd. Mike joined RFC on his return to Sydney in 1993 and
co-led the management buyout of RFC in 2001. He has experience in a
broad range of mining corporate finance and investment activity,
including mergers and acquisitions, divestments and capital raisings.
Mike was co-managing director of RFC and managing director of RFC's
investment funds until 2007 when he joined Tennant Metals. Mike will
be relinquishing his Executive Director duties at Tennant Metals to
take up the Finance Director role with the Company.
Mike will continue to hold shares in Tennant Metals. Tennant Metals
has a copper cathode offtake agreement with the Company in relation
to all of the demonstration plant production and 20-40% (depending on
conditions) of the proposed full scale production from the Wetar
Copper Project. As disclosed below, Mike and Tennant Metals also
hold shares in the Company.
Russell Fountain, Finders Chairman commented: "Mike's demonstrated
skills and experience in the mining finance area will add great
strength to Finders as we progress through the final feasibility
study into full scale development of our Wetar Copper project. As
Finance Director, Mike is tasked with ensuring that the rapid
expansion of the Company which will result from expansion of the
Wetar project will proceed on a firm financial foundation, to the
benefit of all stakeholders, and we welcome his addition to the
Board."
For further information please contact
Finders Resources Ltd:
Russell Fountain, Chairman, +61 2 9211 8299
Chris Farmer, Managing Director, info@findersresources.com
Financial PR:
Doug Macdonald, +61 424 255 959, Capital Group (in Australia)
Paddy Blewer or Nick Elwes, +44 20 7457 2020, College Hill (in the
UK)
RFC Corporate Finance Ltd - Nomad and Corporate Adviser:
Rob Adamson, +61 2 9250 0000 or Stuart Laing, + 61 8 9480 2500
FinnCap - Finders' Broker for the AIM market
Mathew Robinson, +44 (0) 20 7600 1658
Joe Lunn (Analyst), +44 (0) 20 7600 1658
Additional information required to satisfy the requirements of the
rules of the AIM market
Full name: Michael Henry Stirzaker
Age: 49
Other existing Tennant Metals Pty Ltd, (to be
directorships: relinquished); Stith Pty Ltd
Previous directorships RFC Group Ltd and its subsidiaries (RFC
held is the last 5 years: Corporate Finance Ltd, Alchemy Securities
Pty Ltd, RFC Management Pty Ltd), Gas2Grid
Ltd
Current shareholding in Indirect interest in 2,338,388 shares held
Finders Resources Ltd: by Tennant Metals Pty Ltd (as a shareholder
and director of Tennant Metals), indirect
interest in 583,902 shares held by Stith
Pty Ltd (as a potential beneficiary of a
trust that owns 100% of Stith Pty Ltd) and
indirect interest in 1,095,568 shares held
by Stirzaker Family Superannuation Fund (as
a beneficiary of that fund).
=--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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