Azure Minerals Limited (ASX: AZS) today announced the appointment of Dr Wolf Martinick as a Non-Executive Director of the Company.
Dr Wolf Martinick is a Fellow of the AusIMM and founding director of the Perth-based consultancy, MBS Environmental Pty Ltd.
Dr Martinick has been involved with mineral exploration and mining projects around the world, especially in Australasia, Africa, China, India, Eastern Europe and parts of the former Soviet Union. He has participated in numerous due diligence studies on mining projects on behalf of international financial institutions and mineral resource companies for a variety of transactions, including listings on international stock exchanges, mergers and debt financing.
In recent years, he has been active in identifying and investigating mineral projects and prospects, especially in emerging economies.
Dr Martinick is Chairman of Weatherly International Limited, a company listed on the London AIM stock exchange and was a central figure in the acquisition of Weatherly’s extensive copper mining and smelting interests in Namibia. He was a founding Director of Basin Minerals Limited, an ASX-listed mineral exploration company which discovered a world-class mineral sands project in Victoria, Australia.
Azure’s Executive Chairman, Mr Tony Rovira, said “We are very pleased to have Wolf join the company’s board. His experience in environmental, social and corporate governance together with his extensive corporate experience will add considerable strength to the board as the Company builds on its success in Mexico.”
In order to align Dr Martinick’s interests with those of our shareholders and as provided to other board members, he has been offered, subject to shareholder approval at a General Meeting, one million options exercisable at $0.25 – a 40% premium to today’s price and a 47% premium to the recent capital raising.
Anybody else out there in AZS-land? Or was it only me that recognised the greater volume today and 7.7% increase in SP to close at 21c?
Over 3 million traded today ... greatest volume since 11 Sept .... intra-day SP high of 22c ......but on no news ....anyone know if an expected announcement is just around the corner?
AussiePaul,
I am not holder of AZS but recently attended a Investor Roadshow were exec chairman Tony Rovira gave a presentation, he gave a general overview of the companies activities in mexico. What was emphasized was the Molybdenum intersepts at Pozo de Nacho and the size of the body, earlier historical confirmation of holes drilled by Cominco in the same project area in 1977. And were looking at follow up drilling !
He was very much looking forward to the listing on the TSX and suggested progress was quite advanced, and looking at listing in october. Considering the canadians penchant for Molybdenum, and the companies geographic location. Maybe the listing is close? and no doubt as with MOL analysts are already watching ? Maybe the pozo de Nacho drilling is coming in favourable.
P.S IN PROMO GIVEN BY AZURE I SEE THAT FAT PROPHETS HAD A BUY EARLIER AND THIS DATED FAT MINING 93 13 SEP 07 AS HOLD SUGGESTING VERY LITTLE DOWNSIDE AND WILL REMAIN FIRMLY WITHIN FP MIN & RES PORTFOLIO.
FUTURE LOOKS GOOD ?
Aussie Paul ,they will do well this month..after all I have picked them in the Stock Comp. Ha Ha.
Have been holding these since March.The correction bought PAIN ..Quietly confident that the near future is bright.The results are very encouraging
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