Change - Announcement of Cessation::Cessation of Head of Infrastructure and Facilities

Issuer & Securities

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

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
18-May-2015 19:02:50
Status
New
Announcement Sub Title
Cessation of Head of Infrastructure and Facilities
Announcement Reference
SG150518OTHRH1MF
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)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Canaccord Genuity Singapore Pte. Ltd. (Sponsor), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (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 Ms Alice Ng, Director and Head of Continuing Sponsorship, Canaccord Genuity Singapore Pte. Ltd., at 77 Robinson Road, #21-02 Singapore 068896, telephone (65) 6854 6150.

Additional Details

Name Of Person
Adi Sumanto Merto Dimejo
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
19/05/2015
Detailed Reason (s) for cessation
Mr Sumanto has tendered his resignation due to health reasons.

Canaccord Genuity Singapore Pte. Ltd., having interviewed Mr Sumanto, is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Sumanto as the Head of Infrastructure and Facilities of the Company.

The Company has appointed a suitable candidate, who will fill Mr Sumanto's role, in his capacity as the operations manager of the Company. The Board of Directors of the Company is of the view that there will be smooth functioning of the Group, subsequent to Mr Sumanto's cessation.
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?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
10/03/2015
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
7
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Head of Infrastructure and Facilities.
Role and responsibilities
Mr Sumanto was responsible for designing, managing and executing the mining and insfrastructure plans of the BlackGold Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Not applicable.
Present
Not applicable.