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Perseus Mining aims to strengthen Board through appointment of David Ransom

Perseus Mining Limited (ASX:PRU) (TSE:PRU) (FRA:P4Q) intends to strengthen its Board through the proposed appointment of highly experienced mining executive David Ransom as a non-executive director.

Shareholders will be asked to elect Ransom as a director during the companys annual general meeting on November 29, 2019.

This appointment would bring the total number of directors serving on the gold producers Board to six, including five independent, non-executive directors.

Consultant to the industry

Ransom has directly managed exploration programs for a range of companies in Australia and in Canada and served as an independent consultant to the global mining industry for many years.

More recently, he has held the role of resource analyst/portfolio manager with responsibility for the Materials and Energy portfolio at the successful microcap investment fund, Acorn Capital Limited.

He has stepped away from his executive position at Acorn, providing time to resume an active role in the industry.

“Relevant work experience”

Perseus chairman Sean Harvey said, “It will be with pleasure that we welcome a person of the calibre of Dave Ransom to the role of non-executive director on Perseuss Board.

“Dave has a huge amount of relevant work experience gained over many years in the international mining business and with first-class professional qualifications to match, his skills set and his knowledge perfectly complement those of the current members of our Board.”

Ransoms professional qualifications include a Bachelor of Science (First Class Honours) and a Doctor of Philosophy (PhD) (Structural Geology).

Apart from his academic knowledge and global industry experience, he has served as a director of a number of ASX and TSX companies during the course of his career.

“Timely” appointment

This makes him extremely well qualified in all respects to contribute positively to the governance of Perseus Mining.

Harvey said, “Given his outstanding skills and experience in the fields of exploration and geology combined with his deep knowledge of the mining industry globally, Daves appointment will be very timely in terms of Perseus strategy of focusing on organic growth as the primary means of replacing and expanding its significant reserve inventory.

“I know I speak for all directors in sincerely welcoming Dave to Perseus and we look forward to receiving his guidance and benefitting from his wealth of technical knowledge and experience as we continue our journey to transform Perseus into a highly credible, mid-tier gold producer, developer and explorer.”

Founding director to retire

Founding director Colin Carson has decided to retire as an executive director of the company at the annual general meeting.

Since forming the company in 2004, Carson has served as an executive director and has performed the fulltime role of executive director – commercial for the last seven years.

During his timRead More – Source

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