African Gem Resources Limited
(Incorporated in the Republic of South Africa)
Registration number 1998/0072/92/06
ISIN: ZAE000025540
Share code: AFG
("AFGEM" or "the company")
AFGEM announces new financial director
AFGEM's directors are pleased to announce the appointment of Mark Summers as
Financial Director. Mark is a Chartered Accountant and a Chartered
Management Accountant. He completed his articles at Coopers & Lybrand, after
which he joined Anglo American's Corporate and International Finance
Department.
Prior to joining AFGEM, Mark was an associate director in the Mining
Corporate Finance and Advisory division at HSBC Investment Services (Africa)
(Pty) Limited, where his corporate clients included De Beers Consolidated
Mines Limited, Kroondal Platinum Mines Limited and the Industrial
Development Corporation of South Africa Limited.
Mark also advised AFGEM during its listing on the JSE Securities Exchange
South Africa in August 2000 and at HSBC, advised the company on various
regulatory and market-related issues.
"I look forward to the opportunity to be an integral part of the company at
an exciting time in its development."
Mervyn Shein, the company's previous financial director, has resigned as a
non executive director of the AFGEM board.
Johannesburg
18 April 2002
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