TSG Trans-siberian Gold Plc

TIDMTSG

RNS Number : 3516F

Trans-Siberian Gold PLC

12 July 2019

12 July 2019

Trans-Siberian Gold plc

("TSG", the "Company" or the "Group")

Senior Management Appointment

Trans-Siberian Gold plc (TSG.LN), a low cost, high grade gold producer in Russia, is pleased to announce the appointment of Sergey Kryazhevskih as Chief Financial Officer, with immediate effect. The composition of the Board is unchanged.

Mr Kryazhevskih has over fifteen years of experience in the mining industry, most recently serving as Chief Financial Officer of JSC Pavlik, a Russian top 10 gold producer operating in Russia's Far East. During his tenure at Pavlik, the Company successfully restructured its financial obligations in the amount of US$ 750 million. Prior to this, Sergey held senior positions at Atomredmetzoloto and Evraz, a FTSE 100 company, responsible for leading budgeting, investment planning and financial control.

Sergey has extensive experience in managing investor, community and senior government relations in Russia's Far East.

Mr Kryazhevskih graduated from the Moscow State University (MSU) with a degree in Economics and holds a Masters degree from MSU in Management, majoring in accounting, financial analysis and audit.

Alexander Dorogov, Chief Executive Officer of TSG, commented:

"We are extremely pleased to welcome Sergey as TSG's Chief Financial Officer and look forward to working with him during the next phases of the Company's growth. Sergey brings a wealth of valuable experience and insights gained in Russia's leading mining companies and will enhance the efficient implementation of our strategic plans to become a premier mid-tier gold producer.

I am confident that this appointment will further strengthen our tradition of prudent financial management, enabling us to continue delivering maximum shareholder returns."

ENDS

 
 Contacts: 
 
 TSG 
 Stewart Dickson                                   +44 (0) 7799 694195 
 Arden Partners plc 
 Paul Shackleton (Corporate Finance) 
  Tim Dainton / Fraser Marshall (Equity Sales)    +44 (0) 207 894 7000 
 Hudson Sandler (Financial PR)                    +44 (0) 207 796 4133 
 Charlie Jack / Katerina Parker 
 

About TSG

TSG is focused on low cost, high grade mining operations and stable gold production from its 100% owned Asacha Gold Mine in Far East Russia. The Group also holds the licence for the development and exploration of the Rodnikova deposit, one of the largest gold fields in South Kamchatka.

Additional information is available from the Company's website: www.trans-siberiangold.com

Market Abuse Regulations

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

Disclaimer

This announcement contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets, fluctuations in interest and/or exchange rates and metal prices; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCGGUMGMUPBUQP

(END) Dow Jones Newswires

July 12, 2019 02:19 ET (06:19 GMT)

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