Tungsten West PLC Directorate and Management Change (4285J)
August 16 2023 - 2:00AM
UK Regulatory
TIDMTUN
RNS Number : 4285J
Tungsten West PLC
16 August 2023
16 August 2023
Tungsten West Plc
("Tungsten West", the "Company" or the "Group")
Directorate and Management Change
Tungsten West (LON:TUN), the mining company focused on
restarting production at the Hemerdon tungsten and tin mine
("Hemerdon" or the "Project") in Devon, UK, today announces that
Nigel Widdowson has stepped down as a Director of the Company, with
immediate effect.
Further to this, Nigel has also resigned from his role as Chief
Financial Officer of the Company.
The Company has commenced a search and selection process to
identify Nigel's replacement and Nigel has agreed to remain in his
operating role as CFO for the duration of his notice period, to
focus on ongoing funding and project financing activities, and to
ensure a smooth transition for the incoming CFO when appointed.
David Cather, Chairman of Tungsten West, commented: "On behalf
of the Board, I would like to thank Nigel for his outstanding work
over the last two years, guiding us through the IPO and subsequent
restructuring and refinancing processes, and supporting the team as
we continue towards the recommencement of operations at
Hemerdon."
Neil Gawthorpe, CEO of Tungsten West, commented: " Whilst we are
disappointed to be losing someone with Nigel's capabilities and
experience, we are pleased that he has agreed to remain fully
engaged to assist in the Company's permitting and funding
activities during this transitional period."
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014 as amended by the Market Abuse
(Amendment) (EU Exit) Regulations 2019.
Ends
For further information, please contact:
Enquiries
Tungsten West Strand Hanson
Neil Gawthorpe (Nominated Adviser and Financial
Tel: +44 (0) 1752 278500 Adviser)
James Spinney / James Dance /
Abigail Wennington
Tel: +44 (0) 207 409 3494
BlytheRay VSA Capital Limited
(Financial PR) (Financial Adviser and Joint
Tim Blythe / Megan Ray Broker)
Tel: +44(0) 20 7138 3204 Andrew Raca / Andrew Monk
Email: tungstenwest@blytheray.com Tel: +44 (0)20 3005 5000
Hannam & Partners
(Joint Broker)
Andrew Chubb / Matt Hasson /
Jay Ashfield
Tel: +44 (0)20 7907 8500
Follow us on twitter @TungstenWest
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
BOAUVURROAUWAUR
(END) Dow Jones Newswires
August 16, 2023 02:00 ET (06:00 GMT)
Tungsten West (LSE:TUN)
Historical Stock Chart
From Jul 2024 to Aug 2024
Tungsten West (LSE:TUN)
Historical Stock Chart
From Aug 2023 to Aug 2024