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Regency Mines appoints chairman and chief executive officer

"Some time in the making, these board changes constitute the next of several steps placing Regency on a sustainable long-term development pathway," said CEO, Scott Kaintz

Board room chairs
Burton has been CFO at a number of resource companies

Regency Mines PLC (LON:RGM) has appointed executive director Scott Kaintz as chief executive director and appointed a former investment banker as non-executive chairman.

Nigel Burton, who has more than 30 years of experience in operational and financial management, has taken on the chairman's role that has been vacant since Andrew Bell resigned as chairman and chief executive officer in January.

WATCH: Regency Mines bring new talent on board

In further changes to the board, Ewen Ainsworth, currently the non-executive chairman at Nostra Terra Oil and Gas Company plc has been appointed to the Regency board as a non-executive director, replacing Edmund Bugnosen, who has resigned.

Following these directorate changes the reconstituted Regency board of directors will consist of Scott Kaintz, Nigel Burton, and non-executive directors Ewen Ainsworth and Andrew Bell.

The company added that the strategic review announced earlier this year is still in progress.

“Both Ewen and Nigel bring a deep set of AIM experience and capabilities to the organisation, and are already involved in our ongoing strategy discussions,” said Kaintz.

“We would further like to thank Edmund Bugnosen for his many years of service to Regency, and in particular for his contributions toward Regency declaring one of the largest lateritic nickel resources in the world at our Mambare project, in Papua New Guinea. We are pleased to be able to retain access to Edmund's expertise as we continue to operate our nickel joint venture at Mambare,” he added.

Quick facts: Regency Mines PLC

Price: 0.0312 GBX

LSE:RGM
Market: LSE
Market Cap: £473.27 k
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Regency Mines putting foundations in place for 'development and value'

Regency Mines PLC's (LON:RGM) Scott Kaintz and Ewen Ainsworth join Proactive's Andrew Scott in the London studio to discuss the recent refinancing of the firm's debt facility as well as the findings of the strategic review. Regency's refinanced US$1.254mln worth of loan notes through to July...

on 1/8/19

2 min read