Caracal Gold PLC, the expanding East African gold producer with over 1,300,000oz JORC-compliant gold resources, makes the following updates.
Corporate Governance and Board Changes:
On 23 January 2023 it was announced that the Board had asked Mr. Simon Grant-Rennick to initiate a comprehensive review of its corporate governance, regulatory, compliance and communications policies in order to strengthen internal procedures. On 26 April 2023, Mr. Grant-Rennick was confirmed as Executive Chairman of Caracal.
The Company has today accepted the resignation of Mr. Riaan Lombard from the Board of Directors with immediate effect. The Company is in discussions with Mr. Lombard regarding an ongoing role in the Company’s operations.
Furthermore, Mr. Gerard Kisbey-Green has left the Board of Directors with immediate effect.
In addition to this, the Company and Ambassador Hon Dan Kazungu have reached agreement not to extend his 12-month term as a Director. Dan Kazungu will continue to consult to Caracal and help drive the Company’s East African strategy.
The Company expects to report further on the Corporate Governance review in due course.
