| Wed 17 Mar 2010, 7:26 | | SIM - Simmer & Jack Mines Limited - Simmers appoints interim CEO |
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SIM
SIIF
SIM - Simmer & Jack Mines, Limited - Simmers appoints interim CEO
Simmer & Jack Mines, Limited
(Incorporated in the Republic of South Africa)
(Registration number 1924/007778/06)
Share code: SIM ISIN Code: ZAE000006722
("Simmers" or "the Company")
SIMMERS APPOINTS INTERIM CEO
In compliance with paragraph 3.59 of the Listings Requirements of the JSE
Limited, shareholders are advised that CEO, Deon van der Mescht has resigned
with immediate effect from the Company and as a director of Simmers in order to
take up the leadership position at Simmers` associate company, First Uranium
Corporation (First Uranium), as interim President and Chief Executive Officer.
As per the Simmers SENS announcement of 12 March 2010 entitled `Detailed
Cautionary Announcement Relating to the Recapitalisation of First Uranium
Corporation and Changes to the Board`, the Simmers Board has appointed Nico
Schoeman, former Group Business Development Executive, as Interim Chief
Executive Officer of Simmers.
Mr Schoeman, a civil engineer by profession, joined Simmers in 2007 and played a
key role in the acquisition of the Tau Lekoa Mine and the restructuring of the
Buffelsfontein Gold Mine. He has also been instrumental in defining Simmers`
role in the refinancing of First Uranium.
Johannesburg
17 March 2010
Merchant Bank and Sponsor
RAND MERCHANT BANK, A DIVISION OF FIRSTRAND BANK LTD
For further information, please contact:
Simmer & Jack Mines
Gail Strauss (Communications) +27 82 936 8481
Nick Goodwin (Investor relations) +27 83 629 8605
Date: 17/03/2010 07:26:01 Produced by the JSE SENS Department.
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