() has revealed executive director Charles Wood has left the Slovakian miner with immediate effect.
In a statement after the market closed, the company thanked Wood for his contribution to the AIM-listed company’s development.
The company just raised £500,000 through a placing to fund the development of its gold projects in Slovakia and Eritrea.
The placing followed a deal with Andiamo Exploration to acquire up to 26.75% of the firm for US$1.5mln.
Andiamo holds the 252 square-kilometre Haykota exploration licence in Eritrea, 50 km south-west of the producing Bisha Mine.
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...
In exchange for publishing services rendered by the Company on behalf of Arc Minerals Limited named herein, including the promotion by the Company of Arc Minerals Limited in any Content on the Site, the Company...
FOR OUR FULL DISCLAIMER CLICK HERE