Board Appointment

RNS Number : 4500M

Eastinco Mining and Exploration PLC

24 May 2022

 

24 May 2022

Eastinco Mining and Exploration plc

("Eastinco" or the "Company")

Board Appointment

Appointment of Britishvolt Chief Investment Officer as Non-Executive Director

Eastinco Mining and Exploration plc (AQUIS:EM.P), the exploration and development company developing its portfolio of African focused critical and strategic metal assets,  is pleased to announce its intention to appoint Mr Kasra Pezeshki to the Board as a Non-Executive Director of the Company. The appointment will take effect upon the admission of the Company to the Main Market of the London Stock Exchange, as announced by the Company on 22 November 2021.

Kasra currently serves as the Chief Investment Officer at Britishvolt, the developer of the UK's first large-scale Gigaplant, currently under construction in Northumberland. Kasra has over 17 years of experience in investment banking, structured finance, and private equity at institutions such as UBP, Morgan Stanley, Adveq, Bank of America and Enveq in London, New York, Geneva, and Zurich.

As the co-founder and director of Enveq Investments, Kasra has originated, structured, and executed deals for a wide range of clients varying from corporates to family offices, as well as having made direct investments in venture capital and private equity. Enveq Investments continues to manage and own a portfolio of investment companies active in healthcare, technology, entertainment and real estate, as well as being an early investor into Britishvolt.

Kasra holds a 1st Class BSc (Hons) degree from the Electrical and Electronic Engineering Department of the University of Hertfordshire and an MSc in Computer Science from Imperial College London.

Charles Bray, Chairman of Eastinco stated

"I am very pleased to announce and welcome Kasra as a new member of the Board of Directors. Kasra joins Eastinco at an exciting time in our corporate development and his insight and experience in electrification and the green metal supply chain is closely aligned to our strategic objectives.

"We are actively working towards an expansion of our asset portfolio, which focuses on critical and strategically important "green metals". We believe that the underlying growth fundamentals for these "green metals" are driven by strong global demand for renewable and sustainable energy sources, the push towards electric vehicles and achieving a carbon-neutral society. Kasra's knowledge, expertise and network, as well as his investment experience, will undoubtedly be useful to the Company as we implement our strategy."

The following information is disclosed pursuant to Rule 4.9 of the AQSE Growth Market Access Rulebook:

Current Directorships	Previous Directorships
Momint Exchange Limited	Anjoman Limited
Waveform Technologies Limited
Artist Preserve Limited
Enveq Investments Limited
Pezeshki & Associates Limited
39 Holland Road Limited

There is no further information to be disclosed pursuant to Rule 4.9 of the AQSE Growth Market Access Rulebook.

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

The Directors take responsibility for this announcement.

Enquiries:

For further information, please visit the company website www.eastinco.com or contact:

Eastinco Mining & Exploration Plc:

Charles Bray, Executive Chairman - [e-mail]

Simon Rollason, Director - [e-mail]

AQSE Growth Market Corporate Adviser:

Novum Securities Limited

David Coffman / Lucy Bowden

Tel: [phone]

Financial PR:
Yellow Jersey PR - [e-mail]
Tom Randell / Henry Wilkinson / Laurie Gellhorn
Tel: [phone]

Notes to Editors:

About Eastinco Mining and Exploration plc

www.eastinco.com

Eastinco Mining and Exploration plc is an exploration and development company developing its portfolio of African focused critical and strategic metal assets, listed on the AQUIS Market in London.

We are actively seeking to acquire and develop new critical and strategic metal resources to strengthen our existing asset base, whilst supporting ethical and sustainable supply chains. The supply of these metals is vital for the development of the renewable energy, automotive and electronic manufacturing sectors that are playing an increasing role in reducing carbon emissions and meeting climate ambitions globally.

In 2019, we acquired Eastinco Limited, our Rwandan based subsidiary exploration, development, and trading company. We currently have three joint ventures in Rwanda where we are exploring for and are developing small-scale tantalum-niobium-tin mining operations.

 

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