VANE Minerals Plc (AIM: VML)
VANE announces that it has accepted the resignation of Robert Jeffcock, Non-Executive Director and Co-Founder of the Company, who is retiring with effect from 31st March 2008.
Kristopher K. Hefton (Aged 53), who has been with the Company since 2004, has been appointed to the board as Executive Director. Mr. Hefton, who is the COO of VANE's uranium division, VANE Minerals (US) LLC, and is based in the US, has considerable experience as a uranium geologist and is a valued addition to the VANE board. He joined the VANE group having previously worked for Freeport-McMoran, Barrick Gold Corporation, Homestake Mining Company and Energy Fuels Nuclear where he gained his initial experience in uranium exploration on the Colorado Plateau.
Mr Hefton owns 116,000 ordinary shares of the Company. There is no other information to disclose under paragraph (g) of Schedule 2 of the AIM Rules for Companies for the appointment of Mr. Hefton.
With the appointment of Mr Hefton, the Board will comprise 4 executive directors and 1 non-executive director. The Company is actively engaged in seeking two additional independent non-executive directors, including a Chairman to enhance the Board further as it pursues an intended dual listing on the Toronto Stock Exchange in the second half of 2008. A further announcement in this regard will be made in due course.
Steve Van Nort, CEO, commented "The board would like to thank Robert for his valuable contribution to VANE since its inception, during which time his vision has been integral in bringing the VANE group to its current position. We would like to take the opportunity to wish Robert a happy retirement. In addition, the Board would like to welcome Kris."Enquiries:
VANE Minerals Plc
+44 (0) 20 7667 6322
Ambrian Partners Limited
+44 (0) 20 7776 6417
Laura Llewelyn / Beth Harris
+44 (0) 20 7851 7480
Thomas Weisel Partners
+44 (0) 20 7290 9713
About VANE Minerals:
VANE Minerals was founded by the former international exploration team of Freeport-McMoRan Copper & Gold Inc., one of the world's largest producers of copper and gold. The Company has assembled a highly qualified and experienced management team with a proven track record in exploration and development, who have spent their entire careers searching for and defining large scale mineral deposits.
The Company is using the silver/gold production at the Diablito mine in Mexico to help fund exploration work across its attractive portfolio.
Since December 2004, VANE has built a substantial uranium portfolio of properties in the Colorado Plateau region, initially targeting the Arizona strip which holds the highest grade deposits in the US, contained in breccia pipes.