Anglo Pacific Group PLC (“Anglo Pacific”, the “Company”) (LSE: APF, TSX: APY) is pleased to announce that it has entered into an agreement with a subsidiary of Mantos Copper (“Mantos”), to acquire a 1.525% Net Smelter Return royalty (“NSR”) over all copper produced at the Mantos Blancos copper mine (the “Mantos Blancos Mine”) in exchange for an upfront cash consideration of US$50.25 million.
Anglo Pacific Group PLC Acquisition of a producing copper royalty @AngloPacificPLC https://www.voxmarkets.co.uk/rns/announcement/f9934bbe-76f5-4a47-8175-7078e1c9aa73
#ARS #MOD #MTR #SOLG #VAST
10 July 2019
Asiamet Director Appointment
Asiamet Resources Limited ("Asiamet" or the "Company") is pleased to announce the appointment of Mr Feng (Bruce) Sheng as a Non-Executive Director to the Board effective from 10 July 2019. Mr Sheng is the Chairman ofMelbournebased Asipac Group Pty Ltd, a diversified company with investments across the resources and financial sectors, and various property businesses. Mr Sheng also currently serves as Vice Chairman of the Australia China Business Council (Victoria) and the Executive Chairman of ASX listed Terramin Australia Ltd, a company developing a portfolio of zinc and gold projects inAustraliaandAlgeria.
Tony Manini, Executive Chairman commented:
"On behalf of the Company we welcome Bruce to the Asiamet Board. Bruce has been a long-term supportive shareholder and we look forward to the opportunity to work more closely with him as we move into the project financing and development stage for the BKM project and continue advancing our other high potential projects on the KSK CoW and at Beutong. Bruce has spent the past 25 years working at the interface betweenChina-Australiabusiness and brings extensive experience and networks acrossChinaand greaterAsiato the Asiamet board. This is particularly relevant givenChina'sOne Belt-One Road policy and the large amount of Chinese inbound investment intoIndonesiaassociated with it. Enhancing the Company's level of connectivity withChinais expected to add significant value as we continue the development of our portfolio of high-quality copper, gold and polymetallic projects. Different skills and experience will be required to take the Company forward and as such further evolution and strengthening of the board and management team is considered an important requisite for continued growth. Our ability to attract new directors of the calibre of Bruce, and Dominic before him, are testament to the progress we have made and the quality of the growth opportunity that Asiamet presents for investors. We look forward to continuing to deliver on our plans for the benefit of all stakeholders."
The Company provides the following additional disclosure as at 10 July 2019 relating to the appointment of Mr Feng (Bruce) Sheng as director of Asiamet, effective 10 July 2019:
Mr Feng (Bruce) Sheng, aged 56, currently holds or has held the following directorships and partnerships over the last five years:
View attachment 8467
Mr.Sheng,through the holdings of Asipac Group,has an8.55% interest inthesecurities of Asiamet at the date of this announcement.
Except as disclosed in this announcement, neither the Company nor Mr. Sheng are aware of any further disclosures that are required in respect of the appointment of Mr. Sheng under Rule 17 or paragraph (g) of Schedule Two of the AIM Rules for Companies.
Asiamet Res Ltd - Director Appointment #ARS @AsiaMet_Res_ARS https://www.voxmarkets.co.uk/rns/announcement/84c9ae1c-ee79-4398-ac9a-eaae78976a34 #voxmarkets