Papillon Holdings PLC Update on African Gold Assets (0963Z)
September 16 2020 - 2:00AM
UK Regulatory
TIDMPPHP
RNS Number : 0963Z
Papillon Holdings PLC
16 September 2020
Papillon Holdings plc / Index: LSE / Epic: PPHP / Sector:
Investment
16 September 2020
Papillon Holdings Plc ('Papillon' or the 'Company')
Update on African Gold Assets
Papillon Holdings plc, the London listed investment company, is
pleased to provide a further update on a planned Board
restructuring as part of the transaction with Mayflower Capital
Investments Pty Limited ('Mayflower') ('the Transaction') further
to the announcement dated 3 September 2020.
Lord Monson, currently a Non-Executive Director of the Company,
will become Non-Executive Chairman, replacing James Longley, who
remains as CFO and a Non-Executive Director.
Three new directors will be joining the Board including Robbie
McCrae, who will join as an Executive Director and Dr Elena Clarici
and Gerard Kisby-Green who will both join as Non-Executive
Directors.
Robbie McCrae has over 20 years' experience in the mining and
exploration industry and has been involved in the exploration,
development and financing of projects in over 15 countries for both
private and listed companies. Robbie is founding shareholder of
Zanaga Iron Ore (AIM:ZIOC); founding shareholder of Minbos
Resources (ASX:MNB) and a director of private exploration company
Graphite Africa Ltd. He will also assume the role of Managing
Director, leading a team of geologists, mining engineers and
metallurgists with proven track records in successfully developing
and operating mining projects throughout Africa.
During her 25 years' mining investment and corporate experience,
Dr Elena Clarici has held a number of senior positions focusing
principally on investment management in natural resources and
emerging markets, responsible for mining investments for Meridian
Equity Partners and was portfolio co-manager of Scipion Mining and
Resources Fund. She originally trained as a mining engineer and
started career as a mining equity analyst before training as a
mining investment banker. Elena serves on a number of mining
boards, including TSX listed, silver producer Aya Gold and Silver
(TSX: AYA), PRISM Diversified Ltd, and Micah Minerals Corp.
Gerard Kisby-Green has over 34 years' experience in the mining
and related financial industry. He graduated as a mining engineer
in South Africa and gained extensive experience in various
management positions for several of the larger South African mining
companies. During his 17 years' experience in the financial
markets, Gerrard was a top rated mining equity analyst on the JSE
before moving into mining corporate finance in South Africa and
then England where he worked for banks including JPMorganChase,
Investec and Standard Bank. He has significant transactional and
management experience and is currently Non-Exec Director of
Goldplat plc.
Mayflower will continue to serve the Board in an advisory
capacity focussing on identifying and negotiating the potential
acquisitions of advanced and producing gold projects in East Africa
as part of the Company's growth and gold production strategy.
The appointments will be subject to the standard director checks
and the completion of the Transaction and re-listing of Papillon.
Good progress is being made towards completing the Transaction,
which will see the Company renamed Gold Mines of Africa PLC on
re-admission.
** ENDS **
For further information visit http://papillonholdingsplc.com or
contact the following:
Charles Tatnall Papillon Holdings plc info@papillonholdingsplc.com
Isabel de Salis St Brides Partners Limited info@stbridespartners.co.uk
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END
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