Cluff Gold
plc
(“Cluff Gold” or
“the Company”)
CHANGE OF NAME AND
CORPORATE UPDATE
Cluff Gold plc,
the dual AIM and TSX listed West African focused gold mining company, announces that it has changed its name to Amara Mining plc,
effective immediately. The Company also announces the resignation of three
Non-Executive Directors as part of the Board’s review of its
structure.
These changes mark
the beginning of the Company’s transition into a mid-tier gold producer, through
the extension of production at the Kalsaka/Sega gold mine, which funds the
progression of its pipeline projects, Baomahun and Yaoure, where the Company is
completing a feasibility study and expanding the resource base
respectively.
They also symbolise a new era for the Company in terms of
leadership, with John McGloin’s appointment as Executive Chairman on 28 May 2012
and the resignation of Mr Nicholas Berry, Dr Bobby Danchin and Mr Ronald
Winston, effective 30 September 2012. From 1st October 2012, the Board
will comprise of three Executive Directors and three Non-Executive Directors, a
more appropriate number for a company of Amara Mining plc’s size.
The word Amara is of African origin and means grace,
eternal and immortal. The logo is a fern, which is a West African Adinkra
(symbol) representing endurance and resourcefulness. The new branding reflects
the Company’s operational ethos across its assets.
The Company’s ticker will change
to AMA on the London Stock Exchange’s AIM and to AMZ on the Toronto Stock
Exchange once approval has been received from the TSX, which is expected by the
end of this week. The corporate website address will change during the course of
today to www.amaramining.com and Company email addresses have changed to the
format of firstname.surname@amaramining.com
In addition, the Company has
changed its registered office to 29-30 Cornhill, London, EC3V 3NF, effective
immediately. The main office telephone number has changed to +44 (0)20 7398
1420 and the fax number has changed to +44 (0)20 7398 1421.
Peter Spivey, Chief
Executive Officer of Amara Mining plc, commented:
“The Company is at an exciting
time in its development and the change of name seems a fitting start to an era
that will see us transition into a mid-tier producer. We could not have reached
this point without the knowledge and experience of Bobby, Nicholas and Ron, so
I’d like to thank them for their good counsel during the Company’s formative
years. The name Amara and the symbol of the fern represent our focus on West
Africa and I am delighted that the Company’s founder, Algy Cluff, has given the
change of name his blessing. With John McGloin’s appointment as Executive
Chairman and a number of key milestones across our assets on the horizon, we
look forward to the growth of Amara Mining plc in the years to
come.”
1 comment:
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