Sydney, Australia — MININGREVIEW.COM — 10 December 2008 – AIM Resources Limited – an Australian and London-listed company focused on mining development in Africa – has announced that Vic Bradley is stepping down as non-executive chairman, and resigning from the board of directors to pursue other interests, effective as of 1 January 2009.
In an ASX announcement released here today, the company confirmed that Bill Cash – currently an executive director – will assume the position of executive chairman from 1 January 2009, with the intention of reverting to non-executive chairman by the end of the current financial year on 30 June 2009.
Managing director Scott Lowe said: “The Board is very pleased that Bill Cash has agreed to assume the chair. He has played an active role in securing a future for the company, and his appointment will provide continuity within the board. When Bill reverts to non-executive chairman, the board will consist of three non-executive directors and one executive director. The directors do not plan to increase board numbers in the foreseeable future.”
The board of AIM Resources (soon to be renamed Blackthorn Resources) remains committed to recovering value for shareholders through development of its portfolio of quality assets.