Berkeley Resources Limited Appointment of Managing Director (3731Q)
17 6월 2015 - 3:01PM
UK Regulatory
TIDMBKY
RNS Number : 3731Q
Berkeley Resources Limited
17 June 2015
BERKELEY RESOURCES LIMITED
AIM RELEASE | 17 JUNE 2015 | ASX/AIM:BKY
APPOINTMENT OF MANAGING DIRECTOR
Berkeley Resources Limited ('Berkeley' or 'the Company') is
pleased to announce the appointment of Mr Paul Atherley as Managing
Director of the Company based in London with effect from 1 July
2015.
Mr Atherley is an accomplished mining executive with over 30
years resource industry experience in UK, Australia and China. The
Board is delighted that an executive of Mr Atherley's calibre has
agreed to join the Company at a pivotal time in the development of
Berkeley's wholly owned flagship Salamanca Project in Western Spain
and is confident that the appointment will greatly enhance the
Company's ability to fulfil its vision of becoming a uranium
producer in the near to medium term.
Mr Atherley is a Mining Engineer from Imperial College London
and holds postgraduate qualifications including an MBA and has held
numerous senior executive and board positions during his career. He
served as Executive Director of the Investment Bank arm of HSBC
Australia where he undertook a range of advisory roles in the
resources sector. He has completed a number of acquisitions and
financings of resource projects in Australia, South East Asia,
Africa and Western Europe, and has well-established relationships
with European and Australian capital markets.
As the Managing Director of ASX/AIM listed Leyshon Resources
Limited, Mr Atherley was responsible for the exploration,
development and successful sale of the Zheng Guang Gold-Zinc
Project in Northern China. Having been based in Beijing since 2005,
he has developed strong connections within Chinese business,
industry bodies and senior government officials, including the most
senior levels of the state owned energy companies.
Until recently he was the Chairman of the British Chamber of
Commerce in China, Vice Chairman of the China Britain Business
Council in London and served on the European Union Energy Working
Group in Beijing. He has been a regular business commentator on
China, hosting events in Beijing and appearing on CCTVNews and
China Radio International.
Berkeley is focused on advancing the Salamanca Project through
the development phase. The results of a Pre-Feasibility Study
confirmed the Project's potential to support a significant scale,
long life, low cost uranium operation.
The Project is now at the Definitive Feasibility Study stage
with a number of key work programs well advanced and a number of
the important development approvals already granted. Mr Atherley's
immediate focus will be the integration of the high grade Zona 7
deposit into the project's development plans, thereby potentially
increasing the scale of the project and to arrange the project's
development finance. He will also be marketing the Company to
investors in Europe, Asia and Australia as well as to potential
strategic and off-take partners.
Enquiries: Paul Atherley John Prior / Paul Gillam
+86 137 1800 1914 Numis Securities - Nomad & Broker
+44 (0) 207 260 1000
Remuneration
Mr Atherley will be engaged as Managing Director under a
consultancy deed with North Asia Metals Ltd ('NAML') on a rolling
12 month term and either party may terminate with three months
written notice. NAML will receive an annual consultancy fee of
GBP225,000 and will be eligible for an annual bonus of up to
GBP125,000 to be paid upon successful completion of key performance
indicators as determined by the Board of Directors.
NAML (or its nominee) will be granted the following incentive
options:
-- 2,000,000 incentive options exercisable at GBP0.15 each on or before 30 June 2018; and
-- 2,000,000 incentive options exercisable at GBP0.20 each on or before 30 June 2019.
Subject to Shareholder approval, NAML will also be granted
1,600,000 performance rights pursuant to the Berkeley Resources
Limited Performance Rights Plan. The performance rights will be
granted in three tranches and be subject to various key project
development milestones for the Salamanca Project with milestone
dates between 31 December 2016 and 31 December 2018.
Details of a revised Performance Rights Plan will be announced
shortly and put to Shareholders.
Rule 17 Information
Further information on Mr Atherley as required by Rule 17 and
Schedule 2(g) of the AIM Rules for Companies:
Paul Campbell Atherley, aged 59.
Mr Atherley has a 0.47% shareholding in the Company.
Current Directorships/Partnerships Past Directorships / Partnerships
Bei Long Pty Ltd Chuang Jir Ltd
Chang Xing Limited Leyshon Resources (Coal)
Pty Ltd
Cheadle Mining Limited
China - Britain Business
Council
China Metals Pty Ltd
Hei Long Pty Ltd
Ikh Zuchi Resources LLC
Kokong Resources Pty Ltd
Leyshon Energy Limited
Leyshon Energy Limited (BVI)
Leyshon Resources Limited
(AUS)
North Asia Metals Limited
(BVI)
Pacific Asia Petroleum (HK)
Ltd
Pacific Asia Petroleum Ltd
(HK) Energy
Philip Nominees Pty Ltd
South Gobi Coal Company
Ltd
Trident Investments Ltd
(HK) Investment
Xin Jiang Exploration and
Development Ltd
Other information
Mr Atherley is a director of Renison Bell Limited. In June 2003,
Renison Bell Limited was placed into voluntary administration. In
December 2003, that company entered into a Deed of Company
Arrangement with its creditors. Mr Atherley was also a director of
Minerals International NL. In January 1999, at the request of the
directors, Minerals International NL was placed into voluntary
liquidation.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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