Appointment of Directors
09 April 2010 - 10:56AM
UK Regulatory
TIDMGPN
RNS Number : 9515J
Gladstone Pacific Nickel Limited
09 April 2010
9 April 2010
GLADSTONE PACIFIC NICKEL LIMITED
(ACN 104 261 887)
APPOINTMENT OF NEW BOARD MEMBERS
Following the general meeting held earlier today, Gladstone Pacific Nickel
Limited ("GPN" or "the Company") announces the appointment of Mr. Vimal Sharma
and Mr. William Haseler to the board of directors.
Vimal Sharma is a key executive within Mineralogy Pty Ltd and he has managed its
Western Australian operations since 1999. Vimal Sharma, played an important role
in management of the technical feasibility study of the Mineralogy iron ore
project which was acquired in 2006 by the Hong Kong based CITIC Pacific Ltd.
William Haseler is the company lawyer for Mineralogy Pty Ltd. William Haseler
has 20 years experience as a litigation and company lawyer and has extensive
experience in company law, contracts and joint ventures
Mineralogy Pty Ltd ("Mineralogy") is a private Company and is a wholly owned
entity of Mr Clive Palmer. Mr Clive Palmer and his related entities hold a total
of 50.04% of the ordinary shares in issue of the Company.
The information that is required to be disclosed pursuant to Schedule 2
paragraph (g) of the AIM Rules in respect of Mr. Sharma are set out in Appendix
1 and in respect of Mr. Haseler are set out in Appendix 2.
Following these appointments the board of the Company is as follows:
Clive Mensink (Non Executive Director)
Domenic Martino (Non Executive Director)
Vimal Sharma (Non Executive Director)
William Haseler (Non Executive Director)
The appointment of Chairman and an Executive Director and or a Chief Executive
Officer will be announced after the new Board has had time to familiarise
themselves with the Company and its strategies going forward.
ENDS
For more information or comment
Julien McInally - Gladstone Pacific Nickel Ltd
Tel:+61 (0) 7 3231 7100
Gerry Beaney / Robert Beenstock - Grant Thornton Corporate Finance
Tel:+44 20 7383 5100
John Prior - Arbuthnot Securities
Tel: +44 20 7012 2000
Email: info@gladstonepacific.com.au
Gladstone Pacific Nickel Limited
(GPNL) is an Australian mining development company presently undertaking an
Integrated Definitive Feasibility Study (IDFS) for the Gladstone Nickel Project
(GNP). The Company's vision is to build a major long-life nickel cobalt refinery
at the deepwater Port of Gladstone, in Central Queensland, Australia, treating
abundant high grade nickel laterite ores from New Caledonia and other south-west
Pacific islands, underpinned by beneficiated ores from its own Marlborough
deposits. The Project has the potential to be one of the largest of its type in
the world producing some 126,000 tpa nickel (8 - 10% of global nickel demand)
and 10,400 tpa of cobalt metal from its first two stages.
Appendix 1
Set out below are the current and past Directorships over the past five years of
Vimal Kumar Sharma, aged 52.
+------------------------------+--------------------------------+
| Current directorships | Past directorships or |
| | partnerships |
+------------------------------+--------------------------------+
| Australian Resources Limited | None |
| International Minerals Pty | |
| Ltd | |
+------------------------------+--------------------------------+
Appendix 2
Set out below are the current and past Directorships over the past five years of
William Thomas Haseler, aged 55.
+------------------------------+--------------------------------+
| Current directorships | Past directorships or |
| | partnerships |
+------------------------------+--------------------------------+
| Aqua Sciences Pty Ltd | None |
+------------------------------+--------------------------------+
Mr. Haseler was previously a director of The Herb & Salad Mix Company Pty Ltd. A
voluntary administrator and liquidator was appointed in October 2001 and the
company was deregistered in August 2003. There was a shortfall to creditors.
There are no further details that are required to be disclosed under paragraph G
of Schedule 2 of the AIM Rules.
This news release includes certain statements that may be deemed
"forward-looking statements". All statements in this news release, other than
statements of historical facts, that address future exploration drilling,
exploration activities and events or developments that the Company expects, are
forward looking statements. Although the Company believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual
results or developments may differ materially from those in forward-looking
statements. Factors that could cause actual results to differ materially from
those in forward-looking statements include metal prices, exploration success,
continued availability of capital and financing, and general economic, market or
business conditions.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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