Landore Resources Limited Appointment of CEO and Proposed TSX-V Listing (2778E)
29 Giugno 2023 - 8:00AM
UK Regulatory
TIDMLND
RNS Number : 2778E
Landore Resources Limited
29 June 2023
LANDORE RESOURCES LIMITED
(AIM Ticker : LND.L)
APPOINTMENT OF CHIEF EXECUTIVE OFFICER AND PROPOSED DUAL LISTING
ON TSX-V
London, United Kingdom - 29 June 2023 - Landore Resources
Limited (AIM : LND) ("Landore" or the "Company") is pleased to
announce the appointment of Mr Claude Lemasson as Chief Executive
Officer ("CEO") of the Company with effect from 4 July 2023 and the
intended dual listing of the Company on the TSX Venture Exchange
("TSX-V").
CEO Appointment
Further to the Company's announcement of 22 May 2023, Landore
has now successfully concluded its comprehensive search and
selection process for a replacement CEO. Claude will initially
assume the role of CEO, in a non-board capacity with a view to
joining the Board in due course. Accordingly, Glenn Featherby,
currently Finance Director of the Company, will no longer be
required to assume the position of interim CEO upon Bill Humphries'
retirement on conclusion of today's Annual General Meeting, and
will remain in his current role as Finance Director.
Claude (P.Eng, MBA, ICD.D) , based in Toronto, Canada, is a
highly credentialled individual, with over 30 years' experience in
exploration, development, mine construction and producing mining
operations throughout the Americas. He also brings board
experience, having acted as a director of several junior publicly
listed mining companies.
Most recently, Claude was Lead Independent Director at Premier
Gold Mines Limited and a former President & Chief Executive
Officer and Director of TSX-listed Eastmain Resources Inc.
("Eastmain") where he was responsible for the leadership and
strategic direction of the company. During his tenure, Claude
managed three gold projects in James Bay, Quebec, Canada, and
advanced Eastmain from being a pure exploration to a development
company.
Throughout his career, Claude has been responsible for the
design, construction, implementation, management and supervision of
multiple aspects of both open-pit and underground gold mining
operations. Claude previously held senior mine development and
operational roles with Goldcorp Inc. and previously served as
President, Chief Operating Officer and Director of Guyana
Goldfields Inc.
Proposed Dual Listing on TSX-V
In addition, the Company announces that it is in the process of
seeking a dual listing on the TSX-V with admission currently being
targeted for Q3 2023. In light of the location of the Company's
flagship project in the province of Ontario and the Group's
Canadian operations, it is believed that procuring such a dual
listing and enhanced profile in such a well renowned and strong
mining jurisdiction will serve to generate renewed investor
interest and enhanced liquidity for the benefit of shareholders as
a whole. The Company's abovementioned new CEO will oversee the
TSX-V dual listing process, will be based in Toronto, and is
well-known and well-connected to brokers and institutional and
retail investors in Canada. The Company will retain its AIM
quotation in London and Claude will maintain regular communication
with UK and European investors via roadshows, meetings and
electronic communications as appropriate. A further update(s) on
the intended dual listing will be provided in due course.
Glenn Featherby, Finance Director of Landore Resources, today
commented :
"We are delighted to welcome Claude to our senior management
team as CEO of Landore. Claude's considerable experience in the
mining industry and as a director of a number of publicly listed
junior mining companies will serve to enhance and augment the
team's existing skillset as we seek to unlock the inherent value
within the Company's existing asset portfolio for the benefit of
all of our stakeholders. We also look forward to obtaining a dual
listing on the TSX-V to capitalise on investor interest in the
Company in Canada and enhance liquidity in the Company's
shares."
- ENDS -
For further information, please contact:
Landore Resources Limited
Glenn Featherby, Finance Director Tel: 07730 420318
Strand Hanson Limited (Nominated Adviser
and Broker)
James Dance/Matthew Chandler/Robert Tel: 020 74093494
Collins
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as it forms part of
United Kingdom domestic law by virtue of the European Union
(Withdrawal) Act 2018, as amended by virtue of the Market Abuse
(Amendment) (EU Exit) Regulations 2019 .
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