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ALTAMIN LIMITED — Board/Management Information 2012
Apr 12, 2012
64488_rns_2012-04-12_5bcad3d3-a4e1-4162-aed1-099780176a4c.pdf
Board/Management Information
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13 April 2012
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ASX Announcement
ASX Code EMX
ENERGIA APPOINTS KIM ROBINSON AS MANAGING DIRECTOR
Energia Minerals Ltd (ASX:EMX) is pleased to announce the appointment of Mr Kim Robinson as Managing Director, effective 30 April 2012.
Chairman, Tony Iannello, said “The Board is extremely pleased to have been able to secure the services of someone of Kim’s calibre. His substantial experience and proven ability at project generation and development is impressive and will be of significant importance to Energia.”
Mr Robinson has over 35 years’ experience in mineral exploration and mining having graduated from the University of Western Australia in 1973 with a degree in Geology.
His experience is extensive including 10 years as Executive Chairman of Forrestania Gold NL. During his time at Forrestania, Mr Robinson played a key role in the discovery and development of the Bounty Gold Mine, the development of the Mt McClure Gold Mine and the discovery of the Maggie Hays and Emily Ann nickel sulphide deposits. Mr Robinson was also a Non-Executive Director of Jubilee Mines NL in the period leading up to the discovery and development of the Cosmos Nickel Mine.
ABN 63 078 510 988
PO Box 1785 West Perth WA 6872
Level 2, 20 Kings Park Road West Perth WA 6005
T: 61 (0)8 9321 5000 F: 61 (0)8 9321 7177 E: [email protected] W: www.energiaminerals.com
Board of Directors Tony Iannello Non Executive Chairman Leigh Bettenay Executive Director Max Cozijn Non Executive Director Ian Walker Non Executive Director
Company Secretary Jamie Armes
Mr Robinson was a founding Director and shareholder of Kagara Ltd where he held the position of Executive Chairman for a period of 12 years until February 2011. During this time he oversaw the development of Kagara’s North Queensland base metal operations, the listing of Mungana Goldmines Ltd on the ASX and the acquisition and development of the high grade Lounge Lizard nickel deposit in Western Australia. He remains a Non-Executive Director of Kagara Limited.
He is also currently a Non-Executive Director of Carbon Energy Limited, but has announced his retirement from this position effective 30 June 2012.
Mr Robinson is also the Non-Executive Chairman of Apex Minerals Ltd but will step down as Chairman at the completion of the current rights issue but remain as a Non-Executive Director.
Mr Robinson will be employed on a three year fixed term Executive Service Agreement (“ESA”). A summary of his Remuneration Package is provided below:
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Fixed Remuneration – Cash salary of $275,250 per annum plus 9% superannuation. The fixed remuneration is to be reviewed annually;
Short Term Incentive – The payment of any short term incentive is at the absolute discretion of the Remuneration Committee;
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Long Term Incentive – Subject to Shareholder approval, 12 million unlisted options will be issued under the Employee Incentive Plan with the following terms:
| No. | Exercise Price | Vesting Date | Expiry Date |
|---|---|---|---|
| 4,000,000 | $0.10 | On date ofgrant | 30 April 2017 |
| 4,000,000 | $0.20 | 30 April 2013 | 30 April 2017 |
| 4,000,000 | $0.30 | 30 April 2014 | 30 April 2017 |
Should Shareholder approval not be obtained, the obligation to issue the Options lapses. In those circumstances, the Company and the Executive will negotiate in good faith a revised remuneration proposal (in such form as is agreed).
Termination Provisions
For termination of employment by the Company without cause, 1 months’ notice is required in addition to a severance payment of 6 month’s salary together with 2 week’s salary for each completed year of service.
For further information please contact:
Tony Iannello Chairman +61 8 9321 5000 [email protected]
Jamie Armes Company Secretary
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