Power Metal Resources plc (LON: POW) the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces the appointment of Bill Brodie Good as a Non-executive Director of the Company with immediate effect.
Bill has over 30 years experience in global exploration and project management with extensive work in geological and project management in Australia, Francophone West and Central Africa, the Middle East and Central Asia.
Bill’s most recent role was as CEO and Technical Director of AIM listed Alien Metals in which he made the significant discovery of a DSO Iron Ore resource amongst other achievements with the company.
Bill’s experience has extensively involved the design, planning and implementation of new and grass roots exploration programmes with an emphasis on in country logistics planning, government liaison, people management and project delivery on time and in budget.
In addition to his role as a Non-executive Director, Bill will also provide consulting services to Power Metal directly at the project level.
Sean Wade, Chief Executive Officer of Power Metal Resources commented:
“I am delighted to welcome Bill to the Power Metal team and very much look forward to working with him as we seek to continue the development of our business.
We are very fortunate to have someone with Bill’s experience and technical skills to assist with project development across the Company.
Our business model is based on selective project acquisition, adding value through exploration and corporate advancement and crystallisation to unlock the inherent value in our portfolio. Bill’s expertise along with that of the rest of the board and our first class management team will ensure that that continues to happen.”
Regulatory Disclosures:
The following information is disclosed pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies in relation to Douglas William Brodie Good, aged 61:
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Current directorships and/or partnerships: |
Former directorships and/or partnerships (within the last five years):
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KBG Consultants Limited |
Alien Metals Limited Mineral Exploration Services Ltd SRK Exploration Services Limited SRK Exploration Services Nominee Company Limited |
Mr Brodie Good does not hold any shares in Power Metal.
Mr Brodie Good has confirmed there is no further information to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM rules.
As part of Mr Brodie Good’s employment contract Mr Brodie Good has been issued with Power Metal share options, namely, 5 million options to subscribe for new Power Metal ordinary shares of 0.1p each at an exercise price of 3.25 pence with a life to expiry of 3 years from today (the “Director Options”). The Director Options are subject to a minimum service period of 6 months and may not be exercised until the volume weighted average price of Power Metal shares trades at 5.0 pence for ten consecutive trading days.
