Board changes

Ashington Innovation PLC

08 November 2023

 

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014, as retained as part of the law of England and Wales. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

Press Release

8 November 2023

Ashington Innovation plc

("Ashington" or "the Company")

Board changes

Ashington Innovation plc (LSE: ASHI; FSE: 6FW), a special purpose acquisition company, is pleased to announce that Richard Paolone and Daniel Nauth have been appointed as non-executive directors with immediate effect to further strengthen the board.

Mr. Paolone is the principal lawyer of Paolone Law Professional Corporation and brings significant experience consulting and advising some of the leading portfolio managers in North America. Mr. Paolone is a Toronto-based securities lawyer where his work focuses on securities, corporate finance, and mergers and acquisitions. He has a wide range of corporate experience from representing companies in private and public offerings of debt and equity securities. Furthermore, Mr. Paolone has been integral to multiple mergers and acquisitions and reverse takeover transactions in the industries of mining, cannabis, carbon credits, oil and gas, technology, and plant-based food. Mr. Paolone currently serves as Director and CEO of several private and reporting companies.

Daniel Nauth is a legal expert with over a decade of experience gained on both Wall Street in the U.S. and Bay Street, the centre of Toronto's Financial District. He has deep experience across U.S. securities and corporate law, specialising in advising both public and private issuers across U.S.-Canada cross-border capital markets, mergers, and acquisitions, corporate and securities transactions, and regulatory compliance. His extensive advisory experience spans various industries including mining, oil and gas, emerging biopharmaceuticals, medical devices, medicinal cannabis, cryptocurrencies, and blockchain technology. Transactions that Mr. Nauth has supported include a number of seven-figure financings and business combinations.

Chris Disspain has resigned as a non-executive director with immediate effect and the Board wishes to record its appreciation for his significant contribution to the Company.

Jason Smart, Director of Ashington Innovation, commented: "We are delighted to welcome Richard and Daniel as non-executive directors, both bringing a wealth of expertise to our Board. Richard's extensive legal background, coupled with his C-suite experience, and Daniel's specialisation in U.S. securities, corporate law and business combinations, complement the Board and their appointments highlight our commitment to robust governance and our underlying strategy."

For further information please contact:

Ashington Innovation plc
Jason Smart Non-Executive Director	via Tancredi [phone]
Tancredi Intelligent Communication Media Relations
Helen Humphrey Charlie Hobbs Jasmine Gadhavi [e-mail]	[phone] [phone] [phone]

About Ashington Innovation plc

Ashington Innovation PLC is a special purpose acquisition company (SPAC), formed with the intention of acquiring businesses operating in the technology sector, in particular the financial services technology and deep technology sectors.

The Company believes that in the increasingly fast-changing global environment there will be an abundance of opportunities to acquire existing businesses in the technology sector, and in particular businesses that possess and utilise proprietary technologies and own applicable intellectual property.

The Company is not limited to any specific geographic region in identifying its target companies. www.ashingtoninnovationplc.com

Listing Rules Disclosures

Ashington hereby makes the following disclosures in respect of Richard Paolone's and Daniel Nauth's former and current directorships and external roles:

Richard Paolone

Company Name	Position	Term
Public Issuers
Evolution Global Frontier Ventures Corp. (formerly Ascension Exploration Inc.)	Director	Feb 2019 - Oct 2019
Evolution Global Frontier Ventures Corp. (formerly Ascension Exploration Inc.)	Director	Sept 2020 - Jan 2021
Rotonda Ventures Corp.	Director, CEO	Feb 2019 - Present
Red Pine Petroleum Ltd.	Director	May 2019 - Sept 2021
Red Pine Petroleum Ltd.	CEO	Oct 2020 - Sept 2021
1143990 BC Ltd.	Director, CEO	Jun 2019 - Present
Canam Biotech Inc.	Director	Jul 2019 - Jan 2021
Republic Goldfields Inc.	Director, CEO, CFO	Feb 2021 - Present
Emerald Isle Resources Inc.	Director, CEO, CFO	Feb 2021 - Present
1169032 B.C. Ltd	Director, CEO	Jun 2021 - Present
1210353 B.C. Ltd	Director, CEO	Dec 2021 - Jun 2022
1319735 B.C. Ltd	CEO	Dec 2021 - Present
1319738 B.C. Ltd	10% Holder	Feb 2022 - Jan 2023
Critical Infrastructure Technologies Ltd. (formerly 1319275 B.C. Ltd)	Director	Apr 2022 - Present
0755461 B.C. Ltd (formerly Pro Minerals Inc.)	Director, CEO, CFO	May 2022 - Present
SBD Capital Inc.	Director	Dec 2022 - Present
CoinAnalyst Corp.	Director	Jan 2023 - Apr 2023
Xander Resources Inc.	Director	Jun 2023 - Present
Private Issuers
Paolone Law Professional Corporation (formerly Paolone Capital Corp)	Director, President	Jul 2019 - Present
Aureum Exploration Inc.	Director	Jun 2019 - Present
Monteoro Minerals Ltd.	Secretary	Dec 2020 - Present
Altesino Capital Corp.	CEO	Oct 2020 - Present
Biondi Ventures Inc.	Director, President	Jan 2021 - Present
2818390 Ontario Corp	Director, President	Feb 2021 - Present
Newton Gold Corp. (formerly 5050565 Ontario Inc.)	Director, CEO	Jun 2021 - Present
1207326 BC Ltd	Director	Aug 2021 - Present
Zaryadka Lithium Corp	Director, President	Nov 2021 - Present
1210380 BC Ltd	Director	Dec 2021 - Present
1209629 BC Ltd	Director	Jan 2022 - Present
1211319 BC Ltd	Director	Jan 2022 - Present
1208614 BC Ltd	Director	Feb 2022 - Present
1207335 BC Ltd	Director	Feb 2022 - Present
1207378 BC Ltd	Director	Feb 2022 - Present
JAMR Acquisition Corp.	Director	Mar 2022 - Present
Irruptive Metals Inc.	Director, President	May 2022 - Present
1000265273 Ontario Inc.	Director	Jul 2022 - Present
Stockwire Inc.	Director	Apr 2023 - Present

Daniel Nauth

Company Name	Position	Term
Public Issuers
Bhang Inc.	Director	July 2019 - Present
Medicus Pharma Ltd. (formerly Interactive Capital Partners Corporation)	Director	August 2020 - September 2023
Cybeats Technologies Corp.	Director	April 2020 - November 2022
SBD Capital Corp.	Director	May 2020 - June 2022
CoinAnalyst Corp.	Director	January 2023 - April 2023
DevvStream Holdings Inc.	Director	February 2022 - November 2022
Biomind Labs Inc.	Director	January 2021 - July 2021
QcX Gold Corp.	Director	October 2019 - Present
Radio Fuels Energy Corp.	Director	June 2021 - December 2021
Private Issuers
1329291 B.C. Ltd.	Director	February 2018 - November 2023
1329293 B.C. Ltd.	Director	February 2018 - Present
1329295 B.C. Ltd.	Director	February 2018 - Present
0730004 B.C. Ltd.	Director	November 2022 - Present
First Choice Products Inc.	Director	June 2022 - Present
1329310 B.C. Ltd.	Director	February 2018 - Present
1329300 B.C. Ltd.	Director	February 2022 - Present
Veta Resources Inc.	Director	March 2021 - Present
1329306 B.C. Ltd.	Director	February 2022 - Present
1329307 B.C. Ltd.	Director	February 2022 - Present
1329308 B.C. Ltd.	Director	February 2022 - Present

Were Rule 9.6.13R of the Listing Rules of the UK Financial Conduct Authority to apply to the Company, there would be no further information to disclose.

 

END