– UK, London – Rare Earth Minerals Plc, (LSE AIM: REM) is pleased to announce that Kiran Morzaria, the Chief Executive Officer of the Company, has now been appointed to the Board of Directors of the Company. Mr Morzaria’s role with the Company will now be Director and CEO.
David Lenigas, the Executive Chairman of REM, commented; “Kiran has made a significant and important contribution to the Company since he started as CEO back in September 2013 and it is now imperative that Kiran’s role with the Company is strengthened as REM advances its significant lithium and REE projects.”
Mr Morzaria was a director of Tubutama Borax Plc and Tubutama Ltd both of which underwent a members’ voluntary winding in July 2010 and were dissolved in April 2012. The liquidation was part of an agreed process by which Tubutama Borax Plc and Tubutama Ltd had agreed to sell the underlying company’s asset in Mexico. The consideration for the sale of the Mexican asset was shares in a listed entity in Canada (Bacanora Minerals Ltd), therefore members received these shares which were distributed on completion of the transaction.
Arlington Resource Plc, of which Mr Morzaria was a director, was dissolved on December 2007 following a voluntary member’s liquidation.
Mr Morzaria has 5 million ordinary shares in the Company and options over 60,000,000 shares in the Company at an exercise price of 0.48 pence per share that expire in 31/12/2020.
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.