All Star Minerals - Directorate Changes and Company Update
RNS Number : 6669F
All Star Minerals PLC
23 March 2022
 

 

23 March 2022

 

All Star Minerals Plc

 

("ASMO", "All Star" or the "Company")

Directorate Changes and Company Update

The Company announces the appointment of Jason Brewer as a director of the Company with immediate effect, furthermore David Bourne has resigned as a director of the Company.

Mr Brewer has been appointed Chief Executive Officer and Ian Harebottle, the current acting Chief Executive Officer will revert to the position of Non-executive director.

Mr Brewer is a senior mining executive with over 25 years' experience in international mining, financial markets and investment banking, with a particular focus on developing advanced mining projects in Africa.  Mr Brewer was part of the executive management team that successfully completed the listing of Caracal Gold Plc onto the Standard List of the London Stock Exchange and re-commenced gold mining operations at the Kilimapesa Gold Mining and Processing Operations in Kenya. Mr Brewer is an experienced mining entrepreneur.

The restructuring of the Board has been partly driven by the recent developments within Europe, necessitating a change in focus bringing a more aggressive approach by the Company in identifying and targeting investments in advanced and near-term production and revenue generating opportunities within the mining sector. A number of project opportunities are under review and the Board will update shareholders in due course.

Richard Lloyd, Chairman commented "I am excited about the new direction and chapter in All Star's development and believe that the new assets under consideration will offer the potential to bring near term growth. I have known Jason for over 30 years and am confident he will bring considerable technical knowledge and help drive the development of the Company."

Jason Brewer, Chief Executive Officer commented "I am delighted to take up this role with the Company and am of the view that shareholders will see a dynamic and actively managed company going forward which should start to deliver on a number of new project and investment opportunities.

"I would like to thank Ian for taking up the interim position and would especially like to thank David for his long-standing commitment and tireless efforts on behalf of the Company and I wish him all the best in his future endeavours.

"I am excited by this opportunity and very confident in All Star's future."

Save as set out below, no further information regarding Mr Jason Brewer is required to be disclosed pursuant to Rule 4.9 of the AQSE Growth Market Access Rulebook.

Mr Jason Paul Brewer (aged 52) has held the following current and former directorships in the past five years:

Current Directorships

Former Directorships in the past five years

501 Capital Ltd

Critical Resources Limited

Gathoni Muchai Investments Limited

Cyclone Metals Limited

Great Lakes Graphite Limited

Global Oil & Gas Limited

Kilimapesa Gold (Pty) Limited

Iperionix Limited

Mayflower Africa Foundation

Kupang Resources Pty Ltd

Mayflower Copper Investments Ltd

Pathfinder Resources Ltd

Mayflower Energy Metals Limited

Vector Resources Limited

Mayflower Strategic Minerals Limited

Zeotech Limited

Terra Rara UK Limited

 

 

Mr Brewer was a Director of Kupang Resources Ltd (now Kupang Resources Pty Ltd) when a voluntary administrator was appointed 29 July 2015 with regards to an outstanding payment following a legal dispute with litigation funder International Litigation Partners Pte Limited ("ILP"). The case has now been resolved and Mr Brewer resigned 23 October 2018.

The table below sets out the interest in the share capital of the Company of Mr Brewer:

 


Shares

Warrants

Jason Brewer

121,500,0001,2

23,250,0003

 

181,500,000 ordinary shares are held through Mayflower Capital Investments Pty Ltd

240,000,000 ordinary shares are held through Gathoni Muchai Investments Limited

3A warrant over 3,250,000 ordinary shares is held through Mayflower Capital Investments Pty Ltd

 

There is no further information to be disclosed pursuant to Rule 4.9 of the AQSE Growth Market Access Rulebook.

 

The Directors of All Star are responsible for the content of this announcement.

This announcement contains inside information for the purposes of UK Market Abuse Regulation, and has been arranged for release by Jason Brewer, Chief Executive Officer of the Company.

Enquiries:

All Star Minerals Plc

Jason Brewer, Chief Executive Officer

jason@allstarminerals.co.uk

 

Contact via BlytheRay Financial PR and IR (details below)

 

 

AQSE Corporate Adviser

Cairn Financial Advisers LLP

Liam Murray / Ludovico Lazzaretti

 

 

+44 (0)20 7213 0880

Broker

SP Angel Corporate Finance LLP

Ewan Leggat / Charlie Bouverat

 

 

+ 44 (0)20 3470 0470

Financial PR and IR

BlytheRay

Tim Blythe and Megan Ray

 

+44 (0)20 7138 3204

 

 

 

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.

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