– UK, London – Imperial Minerals Plc is pleased to announce that Frank Moxon, its Chairman, will move from a non-executive to a part-time executive role with immediate effect.
The Company has been actively seeking to identify investment opportunities for some time and the Board has decided that the creation of an executive function will enable the Company to intensify its efforts.
New Board governance principles will be published on the Company’s website during early July and, working closely with its advisory committee, the Company is currently completing a strategic review which will result in a revised strategy to lay the foundations for developing a significant business with a portfolio of mining assets and sustainable
cash flows.
Commenting, Frank Moxon said: “With the implementation of these changes I look forward to taking a more hands on approach to furthering Imperial’s corporate objectives. Although times are hard for markets and the mining sector this creates real opportunities for Imperial as an investment company.
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