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.
URU Metals appoints new board representative of main shareholder NWT Uranium
Published: 09:16 13 Jul 2012 BST