GCM Resources PLC Alternate Director (8611G)
March 19 2020 - 12:15PM
UK Regulatory
TIDMGCM
RNS Number : 8611G
GCM Resources PLC
19 March 2020
19 March 2020
GCM Resources plc
("GCM" or the "Company")
(AIM:GCM)
Alternate Director
GCM Resources plc (LON:GCM), an AIM quoted mining and energy
company, is pleased to announce the appointment to the Board, with
immediate effect, of Gary Norman Lye, as Alternate Director to your
Executive Chairman, Datuk Michael Tang, PJN, solely for the purpose
of matters relating to the AGM of the Company, taking place
tomorrow. As such, Mr Lye's appointment will terminate at close of
business on 20 March 2020. The three existing members of the Board,
being Michael Tang, Keith Fulton and Mohd Najib Bin Adbdul Aziz,
are unable to attend the General Meeting as a result of
restrictions and advice relating to the Coronavirus pandemic.
Mr Lye has served GCM for 16 years and is currently your Chief
Operating Officer and was previously a Director of the Company
between 11 February 2005 and 26 June 2013. Mr Lye has worked in the
mining industry for over 45 years and was instrumental in
delivering the Phulbari Coal and Power Project's feasibility study
and has a lead role in liaising with GCM's joint venture
partners.
Further information in relation to the appointment of Mr Lye
pursuant to paragraph (g) of Schedule Two or the AIM Rules for
Companies appears below.
Additional Information on Mr Gary Norman Lye (Aged 67)
The following additional information is provided in accordance
with paragraph (g) of Schedule Two of the AIM Rules for
Companies:
Current Directorships Past Directorships (last five
years)
Polo Resources Limited
Asia Energy Corporation (Bangladesh)
Pty Ltd
Asia Energy Corporation
Asia Energy (Bangladesh) Pvt
Ltd
-------------------------------
For further information:
GCM Resources plc Strand Hanson Limited
Keith Fulton Nominated Adviser and Broker
Finance Director Stuart Faulkner
+44 (0) 20 7290 1630 Rory Murphy
James Dance
+44 (0) 20 7409 3494
GCM Resources plc
Tel: +44 (0) 20 7290 1630
info@gcmplc.com; www.gcmplc.com
About GCM Resources
GCM Resources plc (LON:GCM), the AIM listed mining and energy
company, has identified a high quality coal resource of 572 million
tonnes (JORC 2004 compliant) at the Phulbari Coal and Power Project
(the Project) in north-west Bangladesh.
Utilising the latest highly energy efficient power generating
technology the Phulbari coal mine is capable of supporting power
plants of up to 6,000MW. GCM is awaiting approval from the
Government of Bangladesh to develop the Project. The Company has a
strategy of combining the Company's mine proposal with up to
6,000MW of power generation, together with credible,
internationally recognised strategic partners. GCM aims to deliver
a practical power solution to provide the cheapest electricity in
the country, in a manner amenable to the Government of
Bangladesh.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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