New board elected on the AGM of IGE Resources
The Annual General Meeting of IGE Resources AB (publ) took place on
Thursday 10th of May 2012 in Stockholm, Sweden.
The meeting elected a new board constituting of Timothy George, Magnus B
Lindseth, Cheryl Brandon, Philip Gross, Fredrik Lindgren and Jacques
McMullen. The board elected Fredrik Lindgren as Chairman of the Board.
Statement from the chairman of the Board, Fredrik Lindgren: "We are very
enthusiastic to begin to work with the IGE Resources Group and the
mineral projects that are held within the Group. The key asset of the
Group, Rönnbäcken, is a fantastic project with the potential to create
substantial value for IGE and its shareholders. The Board will now focus
efforts to quickly produce an optimized plan for NMR and the value
building process of this project, including the change of the Group
structure aiming to separate the Diamond and Nickel assets. With the
support of the competent team of people within the Group at present in
combination with a strong cornerstone investor in Waterton Global Value
L.P and the wealth of expertise and experience brought by the new Board
members, I very much look forward to be a part of the future development
of the company."
About Waterton Global Value L.P: Waterton identifies strategic
investment opportunities including providing equity financing and
working with public junior resource companies on an operational level to
create shareholder value. Waterton Global Value has a strong track
record of helping companies create value though successful joint
ventures. Waterton Global invests in resource companies with strong
management teams, and high-quality assets in safe and stable
jurisdictions in the mining, precious and base metals, and bulk
commodities industries. Waterton Global fosters long-term partnerships
with companies who have proven world-class potential and enduring growth
prospects by providing senior-secured customized debt solutions with a
relationship focus. Waterton Global leverages its experience as a leader
in resource investing in Canada, one of the largest mining nations in
the world. Waterton Global's position in Canada and extensive network in
key geographic regions around the world enable us to execute effectively
across the globe.
More information will come well in advance of the Q2 report.
For additional information, please contact:
CEO, IGE Resources AB
Tel: +46 8 402 28 05 / +46 70 552 26 22
IGE Resources AB (publ) is a Scandinavian asset management and
development company within natural resources.
IGE's portfolio currently consists of diamond exploration and production
assets in Southern Africa and Nickel Mountain Resources AB (publ) owning
Scandinavia's largest nickel deposit. IGE is headquartered in Stockholm
and its shares are listed on the Oslo Stock Exchange (ticker: IGE).
Please refer to www.ige.se for more detailed information