Unity Mining Limited - Board Changes

RNS Number : 1162O

Goldstone Resources Ltd

13 September 2011

 



GoldStone Resources Limited

("GoldStone" or the "Company")

Unity Mining Limited - Board Changes

GoldStone (AIM: GRL), the West and Central Africa focused gold exploration company, notes the announcement issued on 12 September 2011 by Unity Mining Limited ("Unity") regarding changes to its senior management.  Unity is the Company's largest shareholder holding 33.5 per cent. of the issued share capital.

In the announcement, Unity stated that Rod Hanson, Managing Director and Chief Executive Officer, will stand down from his position at a time when an orderly transition to a new Managing Director and Chief Executive Officer can be completed and it is envisaged that this will occur by 31 December 2011.  In addition, Unity's Chief Financial Officer and Company Secretary, Tim Churcher has recently tendered his resignation to pursue another opportunity.

Mr. Hanson and Mr. Churcher are each Non-Executive Directors of GoldStone.  The Company will make a further announcement in due course when it becomes clear what the impact of these changes to the senior management at Unity will be on the GoldStone Board.

Enquiries:

GoldStone Resources Limited	[phone]
Jurie Wessels / Hendrik Schloemann
Westhouse Securities Limited	[phone]
Tim Feather / Matthew Johnson
Optiva Securities Limited
Jason Robertson	[phone]
Jeremy King	[phone]
Walbrook PR	[phone]
Louise Mason Bob Huxford

 

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