It is with deep regret that Shefa Gems (LSE: SEFA) announces that Avi Taub, Chief Executive Officer of the Company, has passed away following a short illness.
Michael Rosenberg, OBE, Chairman of Shefa Gems, said: "It is with great sadness that we learned about the death of Avi, who contributed so much to what Shefa is and what it will be. Due to the unique origins of the Company, he always saw himself as a custodian and built a business to last. His guidance, intelligence and humour will be sorely missed by all in the Company. The team he put together is determined to carry on and fulfil his vision of building a successful "Mine-to-Market" precious gemstones company. On behalf of the Board we extend our deepest condolences to Avi's family."
During the period of Avi's illness, the Company's processes were run by the Chairman, Michael Rosenberg and Vered Toledo, Chief Operating Officer with the support of the administrative team including Yossi Taub, the son of Avi, and they will continue to do so in the interim period. A further announcement will be made in due course.
Shefa Gems Ltd (LSE: SEFA) is a multi-commodity explorer of precious stones operating in Northern Israel. Exploration activity is managed by professionally skilled and technically competent personnel and is accompanied by an international team of geological experts with decades of proven experience in their fields.
All exploration activities are conducted under international standards and the internationally recognised SAMREC 2016 Code. Furthermore, its permits, granted to it by the Commissioner of Mines, extend over an area of approximately 600,000 Dunam (60,000 hectares) that includes the Kishon River, the volcanic bodies on Mount Carmel, the Zevulun and Yizre'el valleys and their margins - Menashe Hills, Tivon-Alonim Hills, and Nazareth range. The Company upholds environmental values and protects the nature in the areas where it operates, cooperating fully with all authorities.
Alongside its exploration activities, the Company is building on the launch of the "Heaven on Earth" jewellery collection, created by world-renowned designer Yossi Harari, and developing the Company's "Mine to Market" strategy to promote unique jewellery collections utilising Shefa Gems' suite of precious gemstones.
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