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Kavango Resources - Board Appointments

RNS Number : 1549L
Kavango Resources PLC
11 January 2021
 

PRESS RELEASE

 11 January 2021

 

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

 

Board Appointments

Kavango Resources plc (LSE:KAV) is pleased to announce the appointment of Mr David Smith as Non-Executive Chairman and Mr Ben Turney as an Executive Director to the Board of Directors, with immediate effect.

David Smith, 65, is a solicitor who has worked in corporate finance and the equity capital markets for over 30 years. He has considerable practical experience of corporate governance, regulatory and compliance issues, and has advised junior mining companies, both quoted and private, extensively throughout his career. Between 2007 and 2016 he was a partner in an international law firm with a considerable reputation for mining law. Since January 2016 he has been a partner in Druces LLP, the Company's solicitors, where he has helped the firm's Capital Markets team establish itself as a significant player in the small cap sector, particularly among natural resources companies.

David will lead the Board at Kavango with particular focus on internal controls and corporate governance.

Ben Turney, 42, has been working as a consultant for Kavango since April 2020. He has played a key role in reshaping the company's investor relations and the successful completion of the recent £2million placement. Ben is an experienced participant in London's small cap financial markets, having previously worked as an investigative writer and shareholder advocate. He currently advises and works for a number of companies, both in the United Kingdom and North America, with a particular focus on the mining sector. Ben is responsible for our public relations.

Michael Foster, CEO of the Company: "We welcome David and Ben onto the Kavango Board to join Mike Moles and myself. I have worked with David for over 30 years. He has advised various resource companies with which I have been involved over that time. Ben has been involved with the Company in a public relations capacity since April last year. Their contribution to Kavango will be invaluable as we move forward with our exciting exploration projects in Botswana."

 

Ben Turney holds shares in the Company, directly and indirectly, as follows:

 

Holder  

No. of shares held

No. of warrants held

Matthew Benjamin Turney 

 

2,190,076 shares

2,187,500 1p warrants

1,454,545 4.25p warrants

Dynamic Investor Relations Limited* 

 

1,718,182 shares*

1,818,182 4.25p warrants*

Eridge Capital (UK) Limited** 

 

500,000 shares**

1,272,727 4.25p warrants**

 

There are no further details required to be disclosed pursuant to Listing Rule 9.6.13 in connection with either Mr Smith or Mr Turney's respective appointments.

 

For further information please contact:

 

Kavango Resources plc                                                                                     

Michael Foster

mfoster@kavangoresources.com

 

First Equity (Joint Broker)

+44 207 374 2212

Jason Robertson             

 

SI Capital Limited (Joint Broker)                                                                          

+44 1483 413500

Nick Emerson

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