Appointment of new CEO

RNS Number : 1951M

Vane Minerals PLC

12 August 2011

 



VANE Minerals plc

("VANE" or the "Company")

Appointment of new Chief Executive Officer

VANE Minerals plc (AIM: VML), is pleased to announce the appointment of David Newton as Chief Executive Officer of the Company with effect from 1 September 2011. Steven Van Nort will step down as Chief Executive Officer with effect from the same date but will continue as a Director of VANE.

David, 39, is a chartered accountant with 14 years of experience in corporate finance and capital markets. He has completed numerous transactions, including fund raisings for both private and public businesses, IPOs, acquisitions and disposals with specific experience in quoted stocks in the natural resources sector. David qualified as a chartered accountant with Ernst & Young in 1997 and is also a Fellow of the Chartered Institute for Securities & Investments. In addition to Ernst & Young, David has worked for the London Stock Exchange plc, Williams de Broe plc, Seymour Pierce plc and most recently XCAP Securities plc.

Sir Richard Needham, Chairman of VANE Minerals, commented:

"I am delighted to welcome David to the VANE team. He brings a wealth of financial expertise to the Company and will strengthen our capabilities to execute the strategy of growing company value through the development of our copper, gold and uranium projects in the US and Mexico.

On behalf of the board of VANE, I would like to express my thanks to Steven Van Nort for serving as VANE's Chief Executive Officer until this point and we are pleased that he has chosen to continue as a Director of VANE."

Regulatory disclosures

David John Newton (age 39)

The only directorship current or previously held in the last five years by David Newton is as follows:

 DJN Corporate Services Limited (resigned March 2011)

There is no further information on David required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

For further information, please contact:

VANE Minerals plc	[phone]
Matthew Idiens Allenby Capital Brian Stockbridge/Alex Price	[phone]
Threadneedle Communications	[phone]

Laurence Read/ Beth Harris

 

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