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URU Metals appoints new board representative of main shareholder NWT Uranium

Published: 09:16 13 Jul 2012 BST

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URU Metals Ltd (LON:URU) said David Subotic has been appointed to the board as non-executive director to represent the company’s largest shareholder, NWT Uranium Corp.

Subotic is the interim president and chief executive officer of NWT.

He is is a former vice president of Haywood Securities, an international investment firm specialising in the resource sector, where he helped raise more than US$2 billion in financing for commodities and oil and gas companies, and is currently  also the CEO of DAS Capital, a Singapore- and Toronto-based hedge fund.

Following his resignation from his position as president and CEO of NWT in April 2012, John Lynch will remain on the URU board but as a non-executive director rather than an NWT board representative.

The base metals group plans to appoint an independent non-executive director as soon as a suitable candidate has been identified.

URU is developing large-scale uranium, nickel and base metal assets in Niger, Southern Africa and South America.

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