Change - Announcement of Appointment::Redesignation of Mr Intekhab Khan to Independent Non-Executive Chairman of the Company

Issuer & Securities

Issuer/ Manager
BLACKGOLD NATURAL RESOURCES LIMITED
Securities
BLACKGOLD NATURAL RESOURCESLTD - SG1AH0000001 - 41H
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
28-Mar-2016 20:06:07
Status
New
Announcement Sub Title
Redesignation of Mr Intekhab Khan to Independent Non-Executive Chairman of the Company
Announcement Reference
SG160328OTHRLGLF
Submitted By (Co./ Ind. Name)
Philip Cecil Rickard
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Redesignation of Mr Intekhab Khan from Non-Executive Chairman to Independent Non-Executive Chairman of the Company ("Re-designation").
This announcement has been prepared by BlackGold Natural Resources Limited (the "Company") and its contents have been reviewed by the Company's sponsor, Canaccord Genuity Singapore Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made, or reports contained in this announcement.
The contact person for the Sponsor is Mr Sebastian Jones, Associate Director, Corporate Finance, Canaccord Genuity Singapore Pte. Ltd., at 77 Robinson Road, #21-02 Singapore 068896, telephone (65) 6854 6150.

Additional Details

Date Of Appointment
28/03/2016
Name Of Person
Intekhab Ahmad Khan s/o Teffail Mohamed Khan
Age
46
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Intekhab Khan has been a Non-Executive Director of the Company since 10 March 2015. He will remain as a member of the Audit Committee, Remuneration Committee and Nominating Committee.
The Board, with the recommendation of the Nominating Committee, has assessed Mr Intekhab Khan's independence, taking into consideration Guideline 2.3 of the Code of Corporate Governance 2012, is of the view that Mr Intekhab Khan is independent and is able to exercise objective judgement on the Company's affairs independently. Accordingly, the Board, approves the Re-designation.
There is no change to the composition of the Board and the Board committees pursuant to the Re-designation.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Chairman
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NIL
Conflict of interests (including any competing business)
NIL
Working experience and occupation(s) during the past 10 years
Mr Intekhab Khan is a lawyer and is currently the Managing Director of M & A Law Corporation, a Singapore law corporation, which was incorporated in 2003. Besides his wealth of legal experience in the energy sector, Mr Intekhab Khan has also, since 1997, garnered litigation and arbitration experience, both domestic and international.
Mr Intekhab Khan has also acted as the Non-Executive Chairman of the Company since 10 March 2015.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
As at the date of this announcement, Mr Intekhab Khan is deemed interested in 36,996,294 shares (4.69%) of the Company.
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
NIL
Present
BlackGold Asia Resources Pte Ltd
BlackGold Energy Limited
M & A Law Corporation
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide details of prior experience
Mr Intekhab Khan has served on the Board of the Company as the Non-Executive Chairman since 10 March 2015.