The Directors of Lafayette Mining Limited are very pleased to advise that Mr Steve Wood has accepted an invitation to join the Board of the Company as a non-executive director, with immediate effect.
Mr Wood is currently an executive director of CIMB-Standard Strategic Asset Advisors, advisors to the South East Asian Strategic Asset Fund who recently purchased US$15,000,000 of convertible notes in Lafayette.
Commenting on Mr Wood’s appointment, the Chairman of Lafayette, Mr Reg Gillard, said that Steve Wood brings a wealth of technical and commercial experience to the Board of Lafayette. He has a very detailed and relevant knowledge of the resources industry in the South East Asian area which we expect will be very valuable to the Company in the years ahead.
He has professional qualifications including an undergraduate degree in geophysical engineering and an MBA, and an extensive track record established over a twenty-year period as both an operator and as an investor in the resources sector in North and South America, Africa as well as South East Asia.
Mr Wood’s appointment brings the number of directors on the Board of Lafayette to five, including the Managing Director and Chief Executive Officer, Mr David Baker, non-executive directors Mr Robin Widdup and Mr Sonny Dominguez, and non executive Chairman Mr Reg Gillard.
Press release here (with thanks to ATM for hosting)
To paraphrase the partner who alerted this to us: "the corporate pie is being cut into thinner and thinner slices."
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