JERSEY, UK, Nov. 2, 2017 /CNW/ -
Tethyan Resources plc (the "Company" or
"Tethyan") (AIM: TETH) (TSXV: TETH) is pleased
to announce that Fabian Baker has
been appointed President and Chief Executive Officer of the
Company. Peter Mullens has stepped
down as Chief Executive Officer ("CEO") and the Board has confirmed
his new position as Executive Director and Senior Vice President
Exploration and Development.
Mr. Baker is a geologist with significant experience in the
Western Tethyan Mineral Belt, including leading grassroots
exploration through to completion of Bankable Feasibility. Previous
roles include Chief Geologist at Lydian International's newly
discovered Amulsar gold deposit in Armenia and Exploration Manager for Royal Road
Minerals whilst the company was focused in Turkey. Mr. Baker founded the private company
that secured exploration assets in Serbia which was subsequently
acquired by Tethyan and led to the Company's entry into the Balkan
region. He has been the Chief Operating Officer of Tethyan since
May 2016, during which time he has
successfully acquired and developed significant exploration assets,
built a highly capable team and implemented the Company's business
strategy in the region. Mr. Baker has a Bachelor of Science in
Applied Geology from the Camborne School of Mines.
Mr. Mullens led the Company as its CEO for the last two years,
during which time the Company has successfully established itself
in Serbia and completed numerous corporate initiatives which have
left the Company well positioned to continue its growth and
development. In his new role as Senior Vice-President Exploration
and Development, Mr. Mullens will draw on his significant technical
expertise to oversee the Company's exploration and development of
its existing assets and evaluate new business opportunities.
John Proust, Chairman of Tethyan, commented: "The Board is very
pleased to appoint Fabian Baker as
President and CEO, he has been fundamental to the development of
the Company and we see him as a rising star in the mineral
exploration industry. He has an in-depth knowledge of the region's
geology, and has developed Tethyan to be a leading player in Serbia
and the greater Balkan region. We are confident that the
Company has a bright future with Fabian at its helm."
Mr. Proust also stated: "Peter
Mullens has guided the Company through many important
changes during the past two years and the Board thanks him for his
successful tenure as CEO. Throughout Peter's career he has excelled
in the identification and advancement of high quality exploration
properties, and we are pleased to have him focused, in his new
role, on this aspect of the Company's future development."
About Tethyan
Tethyan Resources Plc ("Tethyan Resources") is a gold and base
metal mineral exploration company incorporated in England & Wales (company registration number 3781581).
Tethyan Resources listed on AIM (TETH.L) in 2004 and commenced
trading on the TSX Venture Exchange on September 6, 2017, under the symbol "TETH".
Tethyan Resources is focused on the Tethyan Metallogenic Belt in
Eastern Europe, mainly Serbia,
where it is acquiring and exploring a portfolio of quality precious
and base metals projects with known mineralisation and compelling
drill targets.
Tethyan emphasises responsible engagement with local communities
and stakeholders, and is committed to proactively implementing Good
International Industry Practice (GIIP) and sustainable health,
safety and environmental management.
More information can be found on our website:
www.tethyan-resources.com.
TSX Venture Exchange Disclaimer
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as such term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward Looking Statements
Certain information contained herein constitutes
"forward-looking information" under Canadian securities
legislation. Generally, forward-looking information can be
identified by the use of forward-looking terminology and phrases or
statements that certain actions, events or results "will" occur.
Forward-looking statements are based on the opinions and estimates
of management as of the date such statements are made and they are
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance
or achievements of the Company to be materially different from
those expressed or implied by such forward-looking statements or
forward-looking information, including: the receipt of all
necessary regulatory approvals, capital expenditures and other
costs, and financing and additional capital requirements. Although
management of the Company has attempted to identify important
factors that could cause actual results to differ materially from
those contained in forward-looking statements or forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance
that such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking statements and forward looking
information. The Company will not update any forward-looking
statements or forward-looking information that are incorporated by
reference herein, except as required by applicable securities
laws.
SOURCE Tethyan Resources PLC