TETHYAN RESOURCE CORP. AURASIAN Minerals plc announced that it has signed a heads of agreement with Moroccan Minerals Ltd. to acquire all the outstanding shares of MML (proposed acquisition). Subject to completion of the proposed acquisition, it is intended that Didier Fohlen, an existing director of MML, will be appointed to the board of directors of Aurasian as Non-Executive Director. In addition, Fabian Baker, also a current director of MML, will take up the position of Chief Operating Officer for Aurasian.
Didier's career included 15 years with the World Bank /IFC, working on mining investments. Fabian is a geologist with seven years of exploration experience including as Chief Geologist for Lydian Resources on their Amulsar gold project located in Armenia. He is a co-founder of Moroccan and was responsible for acquiring MML's interest in the Chadine project.
