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HAWSONS IRON LTD — Board/Management Information 2011
May 17, 2011
65053_rns_2011-05-17_169b9528-cd37-46a8-98e0-2a9f2666d14c.pdf
Board/Management Information
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A N N O U N C E M E N T ASX
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We find it. We prove it. We make it possible
Carpentaria Appoints New Director
18 May 2011
ABOUT CARPENTARIA:
Carpentaria is an exploration company focused on discovering base, precious metals and bulk commodities in eastern Australia. The company currently has interests in iron ore, tin, gold, copper and coal exploration projects
CARPENTARIA’S AIM:
With a strong geo-scientific team discover and build a strong cash flow generating mining operation.
DISCOVERIES TO DATE :
Hawsons Iron Project - NSW Euriowie Tin Project - NSW
Capital Structure:
Ordinary Shares 94,171,301
Major Shareholders:
| Conglin In’t Invest’ Group | 11.11% |
|---|---|
| Giralia Resources | 9.08% |
| Mr. Conglin Yue Management, IncludingUnlisted Options | 3.29%9.47% |
Financial
Cash and deposits on hand A$ 11,342,000
Level 6, 345 Ann Street Brisbane Queensland 4000 PO Box 10919 Adelaide Street Brisbane Queensland 4000 e-mail: [email protected]
For further information contact: Nick Sheard Executive Chairman Phone: 07 3220 2022
Carpentaria Exploration Limited (ASX:CAP) announces the appointment of Mr Bin Cai as a Non-Executive Director, enhancing the Company’s Board for the next stage of the Company’s growth.
Mr Cai is the Managing Director of Conglin International Investment Group Pty Ltd based in Brisbane. The Conglin Group is Carpentaria’s largest shareholder, with a 14.4 per cent stake (held through Australia Conglin International Investment Group Pty Ltd and its Chairman, Mr Conglin Yue as an individual).
Welcoming Mr Cai’s appointment, Carpentaria’s Executive Chairman, Nick Sheard, stated that he would augment the Company’s Board and, given Mr Cai and Australia Conglin International Investment Group’s experience in the Asian resources sector, they will certainly boost the Company’s anticipated development as an emerging minerals producer and enhance relationships with potential Asian customers.
“Australia Conglin International Investment Group Pty Ltd has a track record of identifying resources companies with strong medium to longterm growth prospects, excellent management and attractive project portfolios, and we are very happy to have them on our register,” Mr Sheard said.
“Mr Yue and Mr Cai’s connections with Chinese industry will prove invaluable as Carpentaria makes the expected transition from explorer to miner. We are delighted to gain the benefit of their knowledge, improving the diverse expertise and skills of our experienced Board.”
Conglin Group has longstanding partnerships with major steel producers in China, having developed a successful coking coal and iron ore trading business in the Asian economic powerhouse. In addition to his well-developed Chinese relationships, Mr Cai has an outstanding record of successful strategic investments in emerging Australian resources companies based on his 17 years’ experience in resources investment.
Mr Cai will assume his new position effective immediately.
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