Changes afoot at Celsius
PERTH (miningweekly.com) – Copper and gold junior Celsius Resources has resumed share trading after announcing significant board changes and the sale of its Cullarin West project in New South Wales.
The ASX-listed company has announced the termination of MD Robert Gregory and nonexecutive director Bill Oliver’s contracts, by mutual agreement, with immediate effect.
Instead, Celsius has appointed Peter Hume as an executive director, complementing his current role as Philippine country operations director and member of the board of Celsius’ Philippine subsidiaries.
Simon James Farrell has also been appointed as a nonexecutive director, effective immediately.
Both Hume and Farrell have more than 40 years' experience in the resources sector.
Executive chairperson Martin Buckingham will be sharing executive duties with Hume on an interim basis, until the company has appointed a suitable MD.
Meanwhile, Celsius also announced the sale of its Cullarin West exploration project to unlisted Second String for A$25 000 in cash, and the issue of A$200 000 ordinary shares in the company.
The agreement was subject to Second String completing a listing agreement, and the satisfaction of regulatory approvals.
Buckingham said on Friday that the sale of Cullarin West was part of a programme to rationalise the noncore assets of Celsius in order to reduce overhead costs and maximise shareholder value.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation