Jangada Mines PLC (AIM:JAN) shares rose 6% to 1.67p after the Brazil-focused developer added Hugo de Salis to its board as a non-executive director. The company said his appointment takes effect immediately.
Well known in the small-cap arena, the veteran communications and investor relations specialist started his City career at Schroders Unit Trust and later J.P. Morgan Investment Management.
After a spell at Weber Shandwick, he founded St Brides Partners, which advises listed companies on investor relations, particularly in the natural resources sector.
He went on to establish Ragnar Capital Partners, an FCA-regulated corporate finance firm, and Lepanto Consultancy, which specialises in strategic advice for smaller listed businesses.
Jangada said his background in capital markets, investor communication and governance will support its efforts to advance its gold development plans in Brazil.
The company is progressing exploration at the Paranaíta gold project, where trenching and early drilling are underway.
Chairman Brian McMaster said: “We are delighted to welcome Hugo to the board… his knowledge of the markets and extensive network in the finance and resource arenas, particularly in the UK, will be invaluable as we build out our gold development strategy in Brazil.”