New CEO appointed at Sovereign Mines of Africa
AIM-listed gold explorer Sovereign Mines of Africa has appointed Rupert Street with immediate effect. Sovereign currently owns three highly prospective gold projects in Guinea. (Scroll down for the details of the projects)
About Rupert Street
Rupert Street previously CEO at Ptarmigan Eden Asset Management, a private special situations company. His experience, which spans 26 years of financial and industry experience, includes global exchanges, private equity and venture capital investments. [Source: Digital Look]
What the Chairperson says about Rupert Street’s appointment
Giles Clarke, Sovereign Mines of Africa Chairperson has reportedly said the following:
“In Rupert we have secured a highly entrepreneurial individual and I’m delighted to welcome him to the company. He brings with him significant international experience of growing and scaling businesses across the globe and has a record of aggressively driving growth and shareholder returns, which fits well with the company’s culture.” [Source: Mining Weekly]
He further stated: “He joins us at a highly exciting time following an extensive strategic review of the business and his specific skills will be invaluable in executing our strategic plans.”
About Sovereign Mines of Africa
Sovereign Mines of Africa PLC is a holding company. The principal activity of the Company is the exploration of gold concessions in the Republic of Guinea. The Company’s projects include Mandiana-Magana, Dalaghna and Marela. [Source: Markets.ft]
The Mandiana-Magana gold project in Mandiana Province, northeast Guinea, covers an area of approximately 130 square kilometers within the prolific Siguiri Basin (over 44 million ounces gold). The Dalaghna gold project is located approximately 80 kilometers south of the town of Kankan in eastern Guinea. The Marela gold project is located approximately 80 kilometers southeast of the regional center of Mamou in south central Guinea on the border with Sierra Leone. [Source: Markets.ft]
The Company operates in the United Kingdom and Guinea.
Shares in Sovereign Mine of Africa were up 0.9% to 0.807p at 0842 BST.
Looks like there are exciting times ahead! What do you think?
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