Change - Announcement of Cessation::Resignation of Managing Director

Issuer & Securities

Issuer/ Manager
Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
18-Oct-2019 09:15:21
Announcement Sub Title
Resignation of Managing Director
Announcement Reference
Submitted By (Co./ Ind. Name)
Alexei Fedotov
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company s sponsor, PrimePartners Corporate Finance Pte. Ltd. (the Sponsor ) in accordance with Rules 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited (the SGX-ST ) Listing Manual Section B: Rules of Catalist.

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 Ms Gillian Goh, Director, Head of Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and Email:

Additional Details

Name Of Person
Mark Calderwood
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Calderwood was removed from office by the Receivers and Managers of the Company following termination of his employment agreement.
After having interviewed Mr Calderwood and to the best of its knowledge, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Calderwood as the Non-Independent Non-Executive Director of the Company.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Managing Director
Role and responsibilities
As Managing Director, Mr Calderwood has been delegated the responsibility for the day to day management of the Company.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Shareholding Details
Mr Calderwood holds 26,962,128 shares in the Company and 2,358,681 Unlisted Performance Rights with 2,358,681 ordinary shares underlying such rights.
Past (for the last 5 years)
1. Lithium Africa No.1 Pty Ltd
2. Explaurum Operations Pty ltd
3. Armani Gold Limited (formerly Bury Gold Limited)
4. Explaurum Limited (formerly Erongo Energy Limited)
5. Ninghan Exploration Pty Ltd
6. Centash Holdings Pty Ltd
7. Perseus Mining (Ghana) Limited
8. CRC Liberia Pty Ltd
9. Manas Holdings (Kyrgyz) Pty Ltd
10. CRC Guinea Pty Ltd
11. Perseus Mining Ltd
12. Kojina Resources Limited
13. Sungold Resources Limited
14. Leo Shield (Ghana) Limited
15. Lithco No.2 Pty Ltd
1. Cowan Lithium Limited
2. TTFB Pty Ltd
3. Kenema-Man Holdings Liberia Pty Ltd
4. Waba Holdings Pty Ltd
5. Tawana Gold Pty Ltd
6. LVG Holdings Pty Ltd
7. Tawana Resources Pty Ltd
8. Tawana Liberia Inc
9. Mount Belches Pty Ltd
10. Pegmatite Holdings Pty Ltd
11. Manas Resources Ltd
12. Amery Holdings Pty Ltd
13. Alliance Mineral Assets Exploration Pty Ltd