– UK / SIERRA LEONE – Sierra Rutile Limited (AIM: SRX) is pleased to announce the appointment of Michael Barton as Non-Executive Director and Chairman with effect from the close of Sierra Rutile’s 2014 annual general meeting to be held on Tuesday, 1 July 2014 at 3pm. Mr. Barton is a former director of Sierra Rutile and has worked closely with the management of the company since 2010.
Jan Castro, Sierra Rutile’s Chairman since 2010, will step down as Non-Executive Director and Chairman effective 1 July 2014. Accordingly, Sierra Rutile does not intend to put resolution 6 (re-appointment of Jan Castro as a Non-Executive Director), as set out in the notice of the 2014 AGM, to its shareholders for approval at the 2014 AGM.
Commenting on the changes, John Sisay, Chief Executive Officer of Sierra Rutile, said: “On behalf of the Board, I would like to thank Jan for his leadership and the significant insights he brought to the company since 2010. As Chairman, he has made major contributions to Sierra Rutile’s business and strategy including its turnaround, and we wish him the very best for the future. We are pleased to welcome back Michael Barton to the Board and look forward to continuing our long-standing work with him to realise the full potential of Sierra Rutile’s world-class asset”.
Mr. Barton is Chief Executive Officer at Pala Investments, a substantial shareholder of Sierra Rutile and an investment company dedicated to investing in the mining sector. He has been involved in many of Pala’s largest transactions and investments during that time. Mr. Barton is a qualified chartered accountant and a member of the Securities and Investment Institute. He is currently a director of WDS (ASX: WDS), and formerly a director of Elemental Minerals Limited (ASX, TSX: ELM), Peninsula Energy Ltd. (ASX: PEN), Nevada Copper Inc. (TSX-V: NCU), Dumas Holdings Inc., Norcast Wear Solutions Inc., Crowflight Minerals Inc. and New Birmingham Inc. Mr. Barton, aged 35, currently holds 748,474 shares in Sierra Rutile.About Sierra Rutile Limited
About Sierra Rutile
Sierra Rutile produces titanium feedstock industrial minerals (primarily rutile, with some associated ilmenite), as well as smaller quantities of zircon. Sierra Rutile’s mine, located in the south west of Sierra Leone, is one of the largest natural rutile deposits in the world, with a JORC-Compliant Mineral Resource for measured, indicated and inferred resources for the Sierra Rutile mine of over 910 million tonnes (as at 30 September 2013).
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August 22, 2019
August 22, 2019