Appointment of Director

RNS Number : 6454U

Rare Earth Minerals PLC

31 July 2015

 



31 July 2015

Rare Earth Minerals Plc.

("Rare Earth Minerals", "REM" or "the Company")

Appointment of Director

Rare Earth Minerals Plc, (LSE AIM: REM) is pleased to announce that Kiran Morzaria, the Chief Executive Officer of the Company,  has now been appointed to the Board of Directors of the Company. Mr Morzaria's role with the Company will now be Director and CEO.

David Lenigas, the Executive Chairman of REM, commented;

"Kiran has made a significant and important contribution to the Company since he started as CEO back in September 2013 and it is now imperative that Kiran's role with the Company is strengthened as REM advances its significant lithium and REE projects."

Disclosure required under the AIM Rules:

The names of all companies of which Mr Morzaria, aged 41, has been a director at any time in the previous five years are set out below:

HORSE HILL DEVELOPMENTS LTD	Current
BACANORA MINERALS LTD	Current
ACADEMY MINERALS LIMITED	Current
API TECHNOLOGY (UK) LIMITED	Current
PANGUMA DIAMOND LTD	Current
RIVER DIAMONDS UK LIMITED	Previous
VISO GERO INTERNATIONAL INC	Previous
IMMERSION TECHNOLOGY PROPERTY LIMITED	Previous
VATUKOULA GOLD PTY LIMITED	Previous
VATUKOULA AUSTRALIA PTY LIMITED	Previous
VATUKOULA FINANCE PTY LIMITED	Previous
VATUKOULA GOLD MINES LIMITED	Previous
SOLO OIL (ARGENTINA) LIMITED	Previous
LONRHO LIMITED	Previous
VATUKOULA GOLD MINES PLC	Previous
TUBUTAMA BORAX PLC	Previous
TUBUTAMA LIMITED	Previous
SOLO OIL PLC	Previous
CONCHA PLC	Previous
CC123 LIMITED	Previous
MAP PRINT LIMITED	Previous
COURTHOPE LTD.	Previous
KIRST SERVICE LIMITED	Previous

Mr Morzaria was a director of Tubutama Borax Plc and Tubutama Ltd both of which underwent a members' voluntary winding in July 2010 and were dissolved in April 2012.  The liquidation was part of an agreed process by which Tubutama Borax Plc and Tubutama Ltd had agreed to sell the underlying company's asset in Mexico.  The consideration for the sale of the Mexican asset was shares in a listed entity in Canada (Bacanora Minerals Ltd), therefore members received these shares which were distributed on completion of the transaction.

Arlington Resource Plc, of which Mr Morzaria was a director, was dissolved on December 2007 following a voluntary member's liquidation.

Mr Morzaria has 5 million ordinary shares in the Company and options over 60,000,000 shares in the Company at an exercise price of 0.48 pence per share that expire in 31/12/2020.

There are no other matters which are required to be announced pursuant to paragraph (g) of Schedule 2 to the AIM Rules.

- Ends -

For further information please contact:

Rare Earth Minerals plc                                                                                     [phone]

David Lenigas, Executive Chairman

WH Ireland Limited (NOMAD & Broker)                                                          [phone]

James Joyce

Mark Leonard

Square1 Consulting                                                                                            [phone]

David Bick, Mark Longson            

 

END

 

 

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