ROME RESOURCES PLC — Board/Management Information 2019

Aug 2, 2019

National Storage Mechanism | Additional information

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RNS Number : 6334H

Pathfinder Minerals Plc

02 August 2019

2 August 2019

Pathfinder Minerals Plc

("Pathfinder" or the "Company")

Directorate Change

&

Conditional Grant of Share Options

Pathfinder is pleased to announce the appointment of Mr Dennis Edmonds as a non-executive director of the Company with immediate effect.

Mr Edmonds has a wealth of commercial and corporate experience in southern Africa, having practiced as a corporate solicitor in South Africa - and subsequently in the United Kingdom - specialising in structuring and executing corporate transactions. He has also been employed at board level in the investment banking and venture capital industries. Over the past 15 years Mr Edmonds has been a director of public and private companies, including those operating within the mineral resources sectors in emerging markets. Most recently, Mr Edmonds was executive chairman of AIM-quoted Alien Metals Limited, a company with a portfolio of mineral assets in South America.

Further disclosures on Mr Edmonds as required under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies are included in the appendix below.

Sir Henry Bellingham, non-executive chairman of Pathfinder, commented:

"Dennis Edmonds has extremely relevant experience to bring to bear at Pathfinder, particularly at this crucial stage. As an attorney who qualified and practiced in South Africa, before moving to the UK, he knows the region very well. He has helped many companies, both as a consultant or as a director, to structure transactions. This will be very useful to Pathfinder as we continue to pursue a transaction in respect of the mining licence and engage with prospective funders. John Taylor and I are delighted to have Dennis onboard as we work towards a shared goal of getting a funded deal over the line that delivers value to all stakeholders."

Grant of Share Options

Pathfinder announces that it has, conditional upon the passing of the requisite shareholder resolutions in due course, agreed to the granting of 1,500,000 options over the Company's ordinary shares of 0.1p each to Mr Edmonds.  These options will, when granted, exercise at 2.75p per share and expire after two years. A further announcement will be made when the condition is satisfied, and the options have been issued.

Enquiries:     

Pathfinder Minerals Plc

John Taylor, Chief Executive Officer

Tel. +44 (0)20 3440 7775

Strand Hanson Limited (Nominated & Financial Adviser and Broker)

James Spinney / Ritchie Balmer / Jack Botros

Tel. +44 (0)20 7409 3494

Vigo Communications (Public Relations)

Ben Simons / Simon Woods

Tel. +44 (0)20 7390 0234

Email. [email protected]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

Appendix - Appointment of Dennis Edmonds

Dennis Vernon Edmonds (age 62) has held the following directorships and/or partnerships in the past five years:

Current:	Past:
Draganfly Investments Limited	Alien Metals Ltd
	Alien Minerals Limited
	Alien Resources Limited
	Alien Exploration Limited
	Arian Silver Corporation (UK) Limited
	Arian Silver (Holdings) Limited
	Bubblr Limited
	Healthcare IT Strategy Solutions Limited
	Kaizen Advisory Ltd

The directors of Draganfly Investments Limited ("Draganfly"), incorporated in Jersey, Channel Islands, called a General Meeting for 26 July 2019 to voluntarily wind Draganfly up and to appoint liquidators. At the General Meeting the necessary resolutions to wind Draganfly up were not passed and Draganfly now intends to instruct solicitors to apply to court for a liquidator to be appointed. 

There is no further information to be disclosed in relation to Mr Edmonds' appointment pursuant to AIM Rule 17 or Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

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