LANDORE RESOURCES LIMITED
(AIM Ticker: LND.L)
London, United Kingdom - 21 July 2023 - Landore Resources Limited (AIM: LND) ("Landore Resources" or the "Company") announces that, further to its announcement of 29 June 2023, Mr Claude Lemasson, Chief Executive Officer ("CEO") of Landore Resources, has been appointed to its Board with immediate effect having previously joined the Company's management team on 4 July 2023.
Claude (P.Eng, MBA, ICD.D) , based in Toronto, Canada, is a highly credentialled individual, with over 30 years' experience in exploration, development, mine construction and producing mining operations throughout the Americas. He also brings board experience, having previously served as a director of several junior publicly listed mining companies.
Glenn Featherby, Finance Director of Landore Resources, today commented:
"We are delighted to welcome Claude to the Board and look forward to continuing to work closely with him as CEO to secure our planned dual listing on the TSX Venture Exchange, grow the Company and refine our strategic plans to unlock the full potential within the group's existing attractive asset portfolio with a particular focus on our flagship BAM Gold Project."
AIM Rules for Companies: Schedule Two Paragraph (g) Disclosures
As required pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies, the Company confirms that Claude Francois Lemasson, aged 58, is, save for Landore Resources, currently a director/partner, or has been a director/partner in the past five years, of the following companies/partnerships:
(held in the last five years)
Eastmain Resources Inc.
Premier Gold Mines Limited
Pursuant to him joining the Company, Mr Lemasson currently holds options over 2,000,000 ordinary shares at an exercise price of 8.75 pence each, exercisable for a period of four years from 4 July 2024 subject to certain vesting conditions.
There is no further information to be disclosed pursuant to Schedule Two Paragraph (g) of the AIM Rules for Companies.
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For further information, please contact:
Landore Resources Limited
Glenn Featherby, Finance Director
Tel: 07730 420318
Strand Hanson Limited (Nominated Adviser and Joint Broker)
James Dance/Matthew Chandler/Robert Collins
Tel: 020 74093494
Novum Securities Limited (Joint Broker)
Jon Belliss/Colin Rowbury
Tel: 020 73999402
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.