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RAREX LIMITED — Board/Management Information 2015
Nov 25, 2015
65681_rns_2015-11-25_f43fc46b-2610-4360-b6a0-0c6bec6edbe7.pdf
Board/Management Information
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----- Start of picture text ----- Clancy Exploration Limited Phone: (02) 6361 12853 Corporation Place Fax: (02) 6361 1202Orange NSW 2800 www.clancyexploration.comAustralia [email protected]----- End of picture text -----
ASX / MEDIA ANNOUNCEMENT 26 November 2015
BOARD CHANGE
Clancy Exploration Limited ( ASX: CLY ) advises that its Chairman Dr Michael Etheridge has decided not to stand for re-election as a director at today’s Annual General Meeting of shareholders.
Dr Etheridge will cease to be a director of Clancy with effect today. Dr Etheridge has made this decision in order to concentrate on other personal and business interests external to Clancy.
Dr. Etheridge was appointed as a director of the Company on 11 March 2011 and became Chairman on 25 July 2011. His relationship with the Company stretches back to 2004 when he was founding non-executive chairman of Geoinformatics Exploration Inc (TSX-V), from which Clancy Exploration Ltd was spun out in 2007.
The Company’s Managing Director, Mr Gordon Barnes, commented “On behalf of the Board and shareholders I would like to express my gratitude for the leadership, dedication and insight that Mike has brought to Clancy over the past five years. We wish him all the best for the future”.
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Please direct enquiries to:
Gordon Barnes Managing Director Phone: +61 2 6361 1285 Email: [email protected] Web: www.clancyexploration.com
About Clancy Exploration
In NSW, Clancy has 7 wholly owned and managed projects, 1 joint venture project with High Power Exploration Inc, 1 joint venture project with Ramelius Resources Limited and 1 joint venture project with Kaizen Discovery Inc. In Tasmania, Clancy has 1 base metal joint venture project with Bass Metals (ASX: BSM) and 1 tin joint venture project with Niuminco Group Limited (ASX: NIU). The Tasmanian projects are managed by Clancy's joint venture partners. This mix of Clancy and joint venture project funding allows a high level of exploration activity to be maintained, whilst prudently managing Clancy’s financial resources. Details of Clancy’s projects can be found at the Company's website: www.clancyexploration.com.
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