Polo Resources change in management

RNS Number : 7073E

GCM Resources PLC

14 May 2013

 



14 May 2013

GCM Resources plc

(the "Company" or "GCM Resources")

(AIM:GCM)

Polo Resources change in management

GCM Resources plc ("GCM" or the "Company"), a London based resource exploration and development company, draws attention to the announcements on 14 May 2013 made by Polo Resources Limited ("Polo"), GCM's largest shareholder.

As stated in their announcements, Polo has undergone a major change in management. Mr Michael Vee Mun Tang ("Michael Tang") of Mettiz Capital Limited has joined Polo as Executive Co-Chairman along with Mr Kian Meng Cheah as Non-Executive Director.

Gerard Holden, Chairman stated:

"We look forward to working closely with the new management of Polo Resources. We very much appreciate Polo's continued commitment to GCM and the Phulbari Coal Project. The Phulbari Coal Project consists of a world class coal resource, the development of which can provide significant benefits to all stakeholders."

For further information:

GCM Resources plc Gerard Holden Non-Executive Chairman  [phone]	Pelham Bell Pottinger Lorna Spears / Joanna Boon [phone]
J.P. Morgan Cazenove Nominated Adviser Michael Wentworth-Stanley [phone]	Investec Investment Banking Chris Sim [phone]

GCM Resources plc
Tel: [phone], Fax: [phone]
[e-mail]; www.gcmplc.com

 

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