Rare Earth Extraction Co. Limited - Change in board of directors
Rare Earth Extraction Co. Limited
(Registration number 1989/003212/06)
JSE code : RCO - ISIN code : ZAE000005807
("Rareco" or "the company")
CHANGE IN DIRECTORSHIP
In compliance with Section 3.67 of the JSE Listings Requirements,
shareholders are advised that Mr Gerald Wolfe-Coote has resigned as a
director and company secretary of Rareco with effect from 13 June 2002. Mr
Wolfe-Coote, who has his own accounting practice, has made a valuable
contribution to the company since he joined the board as a non-executive
director in 1999. However, the scaling-up of the activities of the company
in preparation for the start of its project necessitates the appointment of
an executive financial director. This appointment will be made in due
course.
Shareholders are further advised that Dr Gino Paolucci, who is a Professor
of Chemistry at the University of Venice and is a world renowned rare earth
scientist, will be appointed as a non-executive director with effect from 1
July 2002. Rareco believes that Prof Paolucci will be able to make a major
contribution to the success of its project by making an extremely high level
of technical expertise in the rare earth field available to the company.
Somerset West
20 June 2002
Corporate Advisor and Sponsor
The Janus Corporation (Pty) Ltd
Date: 20/06/2002 10:34:00 AM Produced by the SENS Department
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