Pathfinder Minerals Co-Chair Simon Farrell Resigns From Board

(Alliance News) - Pathfinder Minerals PLC on Tuesday said Non-Executive co-Chair Simon Farrell ...

Alliance News 23 July, 2019 | 12:20PM
Email Form

(Alliance News) - Pathfinder Minerals PLC on Tuesday said Non-Executive co-Chair Simon Farrell has stepped down with immediate effect.

Pathfinder, as announced previously, is now in "advanced" talks over the appointment of a new non-executive director.

The firm hired a new chief executive in June, John Taylor, who replaced outgoing CEO Scott Brown, who wanted to focus on other business activities.

Pathfinder has, over the past two years, been trying to get mining concessions 760C and 4623C in Mozambique, now consolidated as licence number 4623C, reinstated but has not yet succeeded.

In 2019, the company has made more progress, having agreed in principle a proposed deal with Jacinto Veloso, a 50% shareholder in current licence owner Pathfinder Mocambique SA.

Shares were down 11% on Tuesday shortly after midday in London at 1.63 pence each.

By George Collard; georgecollard@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

Email Form

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Pathfinder Minerals PLC 0.53 GBX 10.53 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites