– UK, London – Armadale Capital plc (LON: ACP), the AIM-quoted investment group focused on natural resource projects in Africa, today announced that Paul Johnson will step down from the Board effective from 30 November 2019. It is intended that Mr. Johnson will be replaced as Non-Executive Director on the Board by Ged Hall subject to the satisfactory completion of regulatory due diligence.
Nick Johansen Director of Armadale said: “Firstly, I would like to thank Paul for his important work during 2019 and appreciate it is now time for him to focus on his other business interests. Secondly, I look forward to welcoming Ged, who will join our team at an exciting time as we continue to push our Mahenge graphite project from exploration to production. In this regard, I anticipate further updates to the market in due course.”
About Ged Hall
Mr. Hall is a senior finance professional with a strong background in asset management and financing gained from working with blue-chip investment banks including JP Morgan and UBS over the past 20 years. He is currently is a senior investment manager with SI Capital, based in London, and has also spent time working in the Middle East with Saudi National Commercial Bank Bahrain and Strategic Banking Solutions Bahrain. Mr. Hall holds an MBA and MSc in Financial Management from Edinburgh Business School.
During his career, Mr. Hall has managed multi-million-pound portfolios of equity products and fixed income instruments; this experience will prove invaluable for optimising finances for large scale developments undertaken by the Company. Having already introduced several high net worth investors and a family office to the shareholder register of the Company, Mr. Hall is a strong supporter of Armadale and his extensive capital markets experience will play a key role for the Company as it transitions to development financing.
About Armadale Capital Plc
Armadale Capital Plc is focused on investing in and developing a portfolio of investments, targeting the natural resources and/or infrastructure sectors in Africa. The Company, led by a team with operational experience and a strong track record in Africa, has a strategy of identifying high growth businesses where it can take an active role in their advancement.
The Company owns the Mahenge Liandu graphite project in south-east Tanzania, which is now its main focus. The Project is located in a highly prospective region with a high-grade JORC compliant Indicated and inferred mineral resource estimate of 59.48Mt @ 9.8% TGC, making it one of the largest high-grade resources in Tanzania, and work to date has demonstrated Mahenge Liandu’s potential as a commercially viable deposit with significant tonnage, high-grade coarse flake and near-surface mineralisation (implying a low strip ratio) contained within one contiguous ore body.
Other assets Armadale has an interest in, include the Mpokoto Gold project in the Democratic Republic of Congo and a portfolio of quoted investments.
For more information: http://armadalecapitalplc.com
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