CHINA NONFERROUS GOLD: Board Changes
September 28 2020 - 9:28AM
UK Regulatory
TIDMCNG
China Nonferrous Gold Limited
("CNG" or the "Company")
Board Changes
China Nonferrous Gold Limited (AIM: CNG), the mineral
exploration and mining company currently mining the Pakrut gold
project in the Republic of Tajikistan, announces that Mr. Liang has
tendered his resignation as Chairman of the Company to pursue other
business interests. That resignation has immediate effect
today.
At the same time, Mr. Yu Lixian has been appointed Chairman of
the Company with immediate effect. Mr. Yu was previously Managing
Director of the Company.
To ensure ongoing and effective corporate governance of the
Company, it is agreed that Mr. Yong Li, a current Non-Executive
Director of the Company, is appointed as the Senior Independent
Director with immediate effect.
Finally, it is agreed that Mr. Hui Zhang, be appointed as
Managing Director of the Company with immediate effect.
Mr. Zhang, is a senior engineer by trade and has worked as
engineer in a number of positions since 1998. He currently serves
as the Managing Director of China Nonferrous Metals International
Mining Co., Limited.
A list of Mr. Zhang's current directorships together with those
held within the last five years is set out below:
Current Directorships
China Non-Ferrous Metals International Mining Co. Limited
Previous Directorships
None
Mr. Zhang (aged 50) does not own any shares in the Company and
has confirmed that there is no further information to be disclosed
pursuant to paragraph (g) of Schedule 2 of the AIM Rules.
For further information please visit the Company's website
(www.cnfgold.com) or contact:
China Nonferrous Gold Limited
Yu Lixian, Chairman
Tel: +86 10 8442 6681
WH Ireland Limited (NOMAD & Broker)
Katy Mitchell, James Sinclair-Ford
Tel: 0207 220 1666
Blytheweigh (PR)
Tim Blythe, Camilla Horsfall
Tel: +44 (0)20 7138 3224
Project Summary
The Pakrut gold project, of which CNG has 100 per cent
ownership, is situated in Tajikistan approximately 120km northeast
of the capital city Dushanbe. Pakrut is located within the Tien
Shan gold belt, which extends from Uzbekistan into Tajikistan,
Kyrgyzstan and Western China, and which hosts a number of
multi-million Ounce gold deposits.
CNG is currently in a commissioning phase with mining
contractors on site finalising constructing of the mine, plant,
tailings dam and refinery.
About Tajikistan
Tajikistan is a secular republic located in Central Asia. The
country is a member of the Commonwealth of Independent States and
the Shanghai Cooperation Organisation. Tajikistan hosts numerous
operating precious metal mines as well as the largest aluminium
smelter in Central Asia. CNG's management team has extensive
experience in the mining industry in Tajikistan.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200928005456/en/
CONTACT:
China Nonferrous Gold Limited
SOURCE: China Nonferrous Gold Limited
Copyright Business Wire 2020
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September 28, 2020 09:28 ET (13:28 GMT)
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