Board Changes
29 3월 2012 - 5:26PM
UK Regulatory
TIDMBGL
Bullabulling Gold Limited
("BBG" or the "Company")
BOARD CHANGES
Bullabulling Gold Limited announces that, following the approval by the
Australian Court of the merger between the Company and Auzex Resources Limited
("Auzex") by scheme of arrangement, the following board changes have been made
in accordance with the merger implementation agreement:
* Peter Ruxton, Michael Short, Paul McGroary and Ciceron Angeles have
resigned as directors of the Company.
* Chris Baker and John Lawton (currently directors of Auzex) have been
appointed to the board as non-executive directors.
Jeff Malaihollo, David McArthur and Nigel Clark remain on the board of
Bullabulling Gold.
On 8 March 2012 Bullabulling Gold advised the appointment of Brett Lambert as
Managing Director of the Company, such appointment to take effect from 1 May
2012.
In accordance with the merger implementation agreement the Company will, as
soon as is practicable, appoint a new chairman and a further independent
non-executive director.
It has been agreed that Mr Clark and Mr Baker with jointly chair the company
until a chairman is formally appointed, at which time Mr Clark will resign as a
director of the Company.
Christopher Don Baker
Non-Executive Director, age 57
Chris holds a BSc (Hons) in Mineral Technology (1976), and an MBA (1994) from
the University of Otago, New Zealand. He is a member of the Institute of
Directors (NZ), and a Fellow of the Australasian Institute of Mining and
Metallurgy. Chris is the Chairman of the Brisbane based mineral exploration
company Auzex Resources Ltd (AZX:ASX). Chris's other roles are: CEO of
Straterra Inc., an organisation that provides high level representation and
advocacy for the resource sector in New Zealand. Chairman of the Coal
Association of New Zealand; Executive Chairman of the NZCCS Partnership, a
partnership of government and industry funders established to address CCS in
and for New Zealand. Director of the CO2CRC - Australian Government (Federal,
State and International), Industry (Oil, Gas, Coal, Power) and Research funded
fossil fuel research organisation; Director of Saunders Unsworth, a Wellington
based consultancy specialising in Government relations.
Chris's experience spans over 35 years in mining and energy in Australia and
New Zealand, in executive and governance roles and across many commodities, in
particular gold and coal.
Chris Baker has held the following Directorships over the past five years:
Current Directorships Previous Directorships
Auzex Resources Limited Saunders Unworth Limited
Auzex Exploration Limited
Straterra Inc.
Coal Association of New Zealand
CO2CRC
Chris Baker and his wife hold 513,996 shares in Auzex Resources Limited which
will convert into 467,222 shares in Bullabulling Gold. Mr. Baker also holds
94,852 Options @ 11 cents in Bullabulling Gold.
Apart from the information disclosed above there is no other information
required to be disclosed under Rule 17 and Schedule Two, paragraph (g) of the
AIM Rules.
Jeffrey John Lawton
Non-Executive Director, age 63
John Lawton has a career spanning almost 40 years in the resources industry
from exploration geology associated with gold, tin, base metals and uranium
deposits to project development and corporate management, and is fortunate to
have been associated with a number of discoveries and developments in that
time.
In the mid 1980's - 2000, John was an executive Director of Ross Mining NL, a
company he co-founded, which became a respected mid-tier gold producer through
the 1990's, developing seven gold mines in Queensland, New South Wales and the
Solomon Islands which delivered dividends to shareholders. Ross operated low
grade gold deposits at low cash cost in a low gold price regime using
innovative operation practices. He founded Auzex in 2003 and funded its early
development through to ASX listing in 2005.
John has a B.Sc in Applied Geology and is a member of The Australasian
Institute of Metallurgy and the Australian Institute of Company Directors. He
is Chairman of Peninsula Goldfields Pty Ltd.
John Lawton has held the following Directorships over the past five years:
Current Directorships Previous Directorships
Auzex Resources Limited Peninsula Goldfields Pty Ltd.
Auzex Exploration Limited
John Lawton through a private company Peninsula Goldfields Pty Ltd., a company
controlled by Mr Lawton, holds 7,427,245 shares in Auzex Resources Limited
which will convert into 6,751,365 shares in Bullabulling Gold. Mr. Lawton also
holds 711,391 Options @ 11 cents in Bullabulling Gold.
Apart from the information disclosed above there is no other information
required to be disclosed under Rule 17 and Schedule Two, paragraph (g) of the
AIM Rules.
Following the Board reorganisation the total shareholding of the Directors will
be 11,806,657 representing 4.09% of the issued capital of Bullabulling Gold
post merger (being 289,002,949 shares).
For and on behalf of the board of Bullabulling Gold Limited.
For further information please contact:
David McArthur Westhouse Securities Limited (UK Nominated
Adviser)
Bullabulling Gold Limited
(Australia) Tom Price / Martin Davison / Jonathan Haines
41 Stirling Highway Tel: + 44 20 7601 6100
Nedlands, WA 6009
Australia
Tel: +61 8 9423 3200
CanaccordGenuity Limited (Broker)
John Prior / Adam Miller
Tel: + 44 20 7523 8350
Neil Boom David Brook
Gresham PR Ltd (UK). Professional Public Relations (Australia
media)
Tel: + 44 7866 805 108
T: +61 8 9388 0944/ +61 433 112 936
E: david.brook@ppr.com.au
END
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