logo-loader
viewMariana Resources Ltd.

Mariana strengthens ties with its partners

The company has appointed two directors from Lidya Mining and Sandstorm Gold to its board

two men shaking hands
Both Lydia and Sandstorm are already well known to Mariana

Exploration and development firm Mariana Resources Ltd (LON:MARL) has strengthened its relationships with Lidya Mining and Sandstorm Gold Ltd (NYSEMKT:SAND) by appointing a director from each company to its board.

Mustafa Aksoy, general manager at Turkish miner Lidya, along with Sandstorm Gold’s vice president of finance, Ron Ho, will now sit on Mariana’s board as non-executive directors.

“As Mariana grows we strongly believe in maintaining robust and open relationships with our partners,” said chief executive Glen Parsons.

“We believe [Aksoy and Ho] will bring significant experience and knowledge to the table.”

As one would expect, the board appointments are not ‘out of the blue’, as both Lidya and Sandstorm are already well known to Mariana.

Lidya Mining is Mariana's joint venture partner (70% Lidya, 30% Mariana) at the Hot Maden copper-gold project in Turkey, while Sandstorm – a New York-listed, Vancouver-based gold mine financier – recently participated in Mariana’s private placing and now holds a 7.5% interest in the company.

Shares in Mariana were up 3p, or 6%, to 53p.

Quick facts: Mariana Resources Ltd.

Price: - -

AIM:MARL
Market: AIM
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Bango PLC's Ray Anderson details expanded strategic partnership with NHN Corp

Bango PLC's (LON:BGO) Ray Anderson speaks to Proactive London's Andrew Scott after announcing they've expanded its global data partnership as well as receiving a strategic investment from NHN Corp - a South Korean big data business. NHN will invest £6.5mln into the Audiens data platform,...

1 day ago

2 min read