– AUSTRALIA, Perth – Ferrum Crescent Ltd (ASX, AIM, JSE: FCR), the European lead-zinc explorer, is pleased to announce that Mr Daniel Smith has been appointed to the Board of the Company as a Non-Executive Director, as well as assuming the role of Company Secretary, both with immediate effect. In addition, the Company has appointed Minerva Corporate Pty Ltd (“Minerva Corporate”), a company which is part-owned and controlled by Mr Smith, to support its finance and administrative functions. These changes form part of an ongoing programme by the Board to identify and implement efficiencies and cost savings.
Mr Smith is a member of the Australian Institute of Company Directors and the Governance Institute of Australia and has over 10 years’ primary and secondary capital markets expertise. As a director of Minerva Corporate, he has advised on, and been involved in, over a dozen IPOs, RTOs and capital raisings on both the ASX and NSX. His key focus is on corporate governance and compliance, commercial due diligence and transaction structuring, as well as ongoing investor and stakeholder engagement. Mr Smith is also currently Company Secretary for Taruga Gold Limited and Love Group Global Limited, both listed on the ASX. He holds a BA in International Relations from Curtin University, Western Australia.
Mr Grant Button has resigned from his position as Company Secretary with immediate effect but will continue to serve as a Non-Executive Director of the Company. The Board would like to thank Mr Button for his valued contribution within the Company Secretary role.
Commenting today, Mr Laurence Read, Executive Director, said: “We continue to identify and implement cost efficiencies in order to best position the Company to deliver shareholder value from our ongoing exploration work. The appointment of Daniel and Minerva Corporate signals a new way forward for the administration and financial management of the Company on shareholders’ behalf. I believe that appointing Minerva, a professional company secretarial and administrative services provider to numerous ASX companies, will enable us to deliver further cost savings and efficiencies during 2018, thereby allowing the maximum amount of funds to be allocated to continued exploration work at our promising Toral lead-zinc and associated metals project in Léon, Spain. “
For more information : http://www.ferrumcrescent.com
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