| Wed 13 Feb 2008, 15:14 | | BCD - BRC Diamondcore Ltd - Changes to the board of BRC Diamondcore Ltd. |
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BCD
BCD
BCD - BRC Diamondcore Ltd - Changes to the board of BRC Diamondcore Ltd.
BRC DIAMONDCORE LTD.
(a Canadian corporation)
(Corporation number: 627115-4)
Share Code on the JSE Limited: BCD
Share Code on the Toronto Stock Exchange: BCD
ISIN: CA05565C1095
CHANGES TO THE BOARD OF BRC DIAMONDCORE LTD
BRC DiamondCore Ltd. (the "Company") completed on 11 February 2008 the
acquisition of all of the outstanding shares of Diamond Core Resources Limited
(the "Diamond Core Transaction"). In compliance with paragraph 3.59 of the
Listings Requirements of the JSE Limited, the Company announces that the
following changes have been made to its board of directors, effective 11
February 2008. These changes have been made in accordance with the requirements
of the Diamond Core Transaction.
APPOINTMENTS:
Theodoros Botoulas, BEng (Mining), MSc (Mining Engineering), Mine Managers
Certificate of Competency (Metalliferous Mines), has been appointed Chief
Executive Officer and a director of the Company.
Mr. Botoulas is a registered Professional Engineer with the Engineering Council
of South Africa and has 19 years` mining, asset management and financial
industry experience.
Craig I. Campbell, BCom, BAcc, CA(SA), has been appointed Chief Financial
Officer and a director of the Company.
Mr. Campbell is a qualified Chartered Accountant in South Africa and has
previously occupied positions in both private and JSE-listed companies. He has
significant exposure to special projects, corporate governance and corporate
finance, which complements his experience in financial and operational
management.
Geoffrey G. Farr, LLB, BCom, has been appointed a director of the Company and
remains as Corporate Secretary of the Company.
MR. FARR HAS BEEN PRACTICING CORPORATE AND SECURITIES LAW IN TORONTO, CANADA FOR
14 YEARS. HE HAS EXTENSIVE EXPERIENCE IN REPRESENTING PUBLIC COMPANIES. MR.
FARR IS A PARTNER OF MACLEOD DIXON LLP, WHICH ACTS AS LEGAL COUNSEL TO THE
COMPANY.
Gregory D. Hunter, BSc (Mining Engineering), has been appointed a director of
the Company.
Mr. Hunter is currently Chief Executive Officer of Central African Gold Plc. He
has worked extensively in the resource sector in both financial and technical
capacities. His prior positions include Chief Executive Officer of southern
Africa resource company, Metallon Gold, and a director of Ridge Mining Plc.
Prior to this he was the Head of Mining Research at Deutsche Securities. He
also spent two years at UAL Merchant Bank and a number of years with AngloGold
Limited.
Stephen C. Thomson, BA LLB, Dip Company Direction (GIMT), has been appointed a
director of the Company.
Mr. Thomson is the senior partner of Thomson Wilks Attorneys. He is a qualified
commercial attorney in addition to having a diploma in company direction. He
has been in practice since 1987 and has extensive experience in corporate law
and commercial litigation and his firm represents a number of mining companies
and companies involved in the mining industry.
DESIGNATION CHANGES:
Michiel C.J. de Wit, PhD (Geology), MSc (Geophysics), MSc (Sedimentology), who
previously acted as Chief Executive Officer, President and a director of the
Company, remains as President and a director of the Company.
DR. DE WIT HAS EXTENSIVE EXPERIENCE IN THE DIAMOND INDUSTRY, HAVING BEGUN HIS
CAREER AS AN EXPLORATION GEOLOGIST FOR THE GEOLOGICAL SURVEY IN SOUTH AFRICA
PRIOR TO JOINING DE BEERS, FOR WHOM HE WORKED FOR 29 YEARS. DR. DE WIT MANAGED
VARIOUS EXPLORATION PROGRAMS FOR DE BEERS IN AFRICA WHICH LED TO A NUMBER OF
KIMBERLITE DISCOVERIES. HIS POSITION WITH DE BEERS PRIOR TO JOINING THE COMPANY
IN MAY 2007 WAS GENERAL MANAGER FOR DE BEERS IN THE DEMOCRATIC REPUBLIC OF THE
CONGO. PRIOR TO THIS POSITION, HE WAS RESPONSIBLE FOR ALL EXPLORATION PROGRAMS
FOR DE BEERS IN AFRICA. IN ADDITION TO MSC DEGREES IN GEOPHYSICS AND
SEDIMENTOLOGY FROM THE UNIVERSITIES OF PRETORIA AND READING (UK), RESPECTIVELY,
DR. DE WIT HOLDS A PHD DEGREE FROM THE UNIVERSITY OF CAPE TOWN, WHERE HE FOCUSED
ON THE ALLUVIAL DIAMOND DISTRIBUTION OF WESTERN SOUTH AFRICA. HE IS A REGISTERED
PROFESSIONAL NATURAL SCIENTIST WITH THE SOUTH AFRICAN COUNCIL FOR NATURAL
SCIENTIFIC PROFESSIONS AND A FELLOW OF THE GEOLOGICAL SOCIETY OF SOUTH AFRICA.
Simon F.W. Village, BEng (Hons), has been appointed Chairman of the Board of
Directors of the Company and remains as a director of the Company.
MR. VILLAGE IS CURRENTLY CHAIRMAN OF THE BOARD OF DIRECTORS OF BANRO CORPORATION
(WHICH IS A GOLD EXPLORATION COMPANY WITH PROPERTIES IN THE DEMOCRATIC REPUBLIC
OF THE CONGO AND THE COMPANY`S LARGEST SHAREHOLDER). PRIOR TO JOINING BANRO
CORPORATION IN NOVEMBER 2004, HE WAS A MANAGING DIRECTOR OF THE WORLD GOLD
COUNCIL AND JOINT MANAGING DIRECTOR OF GOLD BULLION SECURITIES, THE COMPANY
RESPONSIBLE FOR LISTING THE FIRST "PHYSICAL" GOLD-BACKED SECURITY ON ANY MAJOR
STOCK EXCHANGE, THE LONDON STOCK EXCHANGE. PRIOR TO JOINING THE WORLD GOLD
COUNCIL, MR. VILLAGE WAS A MANAGING DIRECTOR WITH HSBC RESPONSIBLE FOR GLOBAL
MINING AND SOUTH AFRICAN SECURITIES. HE JOINED HSBC IN 1994 HAVING WORKED FOR
THE ANGLO-AMERICAN AND DE BEERS GROUP COMPANIES AS A MINING ENGINEER ON THEIR
SOUTH AFRICAN OPERATIONS. MR. VILLAGE HAS OVER 17 YEARS OF GOLD INDUSTRY AND
INVESTMENT EXPERIENCE.
ARNOLD T. KONDRAT, WHO PREVIOUSLY ACTED AS EXECUTIVE VICE PRESIDENT AND A
DIRECTOR OF THE COMPANY, REMAINS AS A DIRECTOR OF THE COMPANY.
MR. KONDRAT IS THE COMPANY`S PRINCIPAL FOUNDER AND HAS OVER 22 YEARS OF
MANAGEMENT EXPERIENCE IN THE RESOURCE EXPLORATION INDUSTRY. MR. KONDRAT IS
CURRENTLY EXECUTIVE VICE PRESIDENT OF BANRO CORPORATION AND PRESIDENT OF
STERLING PORTFOLIO SECURITIES INC., A PRIVATE VENTURE CAPITAL FIRM BASED IN
TORONTO, CANADA.
RESIGNATIONS:
In accordance with the requirements of the Diamond Core Transaction, the
following individuals have stepped down as directors of the Company: Lloyd J.
Bardswich, Donat K. Madilo, Richard J. Lachcik and William R. Wilson.
Johannesburg
13 February 2008
Sponsor
River Group
Date: 13/02/2008 15:14:02 Produced by the JSE SENS Department.
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