NORTH RIVER RESOURCES PLC. North River Resources plc / Ticker: NRRP / Index: AIM / Sector: Mining 11 December 2015
North River Resources plc ('North River' or the 'Company') Board Changes
North River Resources plc, the AIM quoted resource company focused on the Namib Lead-Zinc Project in Namibia, is pleased to announce the appointment of Rod Beddows as independent Non-Executive Chairman of the Company with immediate effect.
Dr. Beddows has over 35 years of experience as a strategy consultant and corporate finance adviser, specialising in the metals sector. He is the Non-Executive Chairman of AIM quoted company, ZincOx Resources plc, a zinc miner and developer of an improved technology for processing electric arc furnace ('EAF') dust. Dr. Beddows is also a Senior Adviser to HCF International Advisers Ltd. ('HCF'), an independent corporate finance advisory boutique focused on the metals and mining sectors. Dr. Beddows co-founded HCF in 2003. He joined Hatch Ltd in 1998 following the sale to Hatch Ltd of Beddows & Co, a strategy consultancy he founded in 1987. He also holds numerous directorships of private companies and is a Senior Adviser to RBC Capital Markets for the Global Steel Industry.
Dr. Beddows has a DBA Administration Systems from Harvard University and from 1978 to 1979 was a Visiting Senior Research Fellow at Harvard Business School.
As previously announced, the appointment of a new Non-Executive Chairman means Brett Richards, who held the role of interim Non-Executive Chairman until today, will retire from the Board with immediate effect.
Commenting on the appointment of Dr. Beddows and the resignation of Mr. Richards, James Beams, Chief Executive Officer, said:
'On behalf of the Board, I am very pleased to welcome Rod Beddows as our new Chairman. Rod's deep knowledge and experience of the metals and mining sectors will be invaluable as we progress our Namib Project forward, which represents the first step towards building a broader mining company.
'The Company would also like to express its gratitude to Brett Richards who, following the announcement in July this year of his intention to step down from the Board, has stayed on as interim Chairman through the recent interim fundraising, and until Rod's appointment today.'
Additional Information on Dr. Rodney (Rod) Beddows
The following additional information is provided in accordance with paragraph (g) of Schedule Two to the AIM Rules for Companies:
Rodney (Rod) Graham Beddows (aged 71)
Current Directorships / Partnerships | Past Directorships / Partnerships (last 5 years) |
ZincOx Resources plc | Strategy Research Associates Ltd |
Devonian Ventures Limited | HCF International Advisers Limited |
Albion Steel Limited | Recovco Limited |
Choderos Limited | |
Lincoln Beddows Limited | |
Beddows Group Limited | |
Dr. Beddows was a director Recovco Limited, which entered into a creditors' voluntary liquidation on 5 March 2009 with a deficiency to creditors of £6,516,981.
There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two to the AIM Rules for Companies.
**ENDS**
For further information please visit www.northriverresources.com or contact:
James Beams | North River Resources Plc | Tel: +44 (0) 20 7025 7047 |
Andrew Emmott / Ritchie Balmer | Strand Hanson Limited | Tel: +44 (0) 20 7409 3494 |
Jonathan Williams / Kim Eckhof | RFC Ambrian Limited | Tel: +44 (0) 20 3440 6800 |
Elisabeth Cowell / Lottie Brocklehurst | St Brides Partners Limited | Tel: +44 (0) 20 7236 1177 |
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