23 May 2017
NQ Minerals PLC is pleased to welcome Mr. Colin Sutherland to the Board of Directors as CFO.
Mr. Sutherland is a Chartered Professional Accountant with over 20 years of financial and operational experience. Most recently, he served as President of McEwen Mining (NYSE:MUX) (TSX:MUX) where he held operational and financial oversight for all operations in North and South America. During his tenure, his operational, reporting and marketing initiatives led to a significant increase in the public company shares, increasing the market capitalisation from US$300 million to well over US$1.4 billion.
Mr. Sutherland also served as Chief Executive Officer and Managing Director of Archipelago Resources Plc, which operates a large producing gold mine in North Sulawesi, Indonesia. In 2013, Mr. Sutherland led the successful privatisation of this company, and continued to deliver significant returns to its shareholder. During his tenure gold production grew to 200,000 gold ounces per annum, and costs were significantly reduced. Prior to this, Mr. Sutherland held senior financial and executive roles with Timmins Gold, Capital Gold, Nayarit Gold and Aurico Gold.
Mr. Sutherland has options of over 4,000,000 ordinary shares of 0.1p each in the Company at an exercise price of 8p per share representing 1.66% of the Company’s issued share capital.
Apart from his directorship of the Company, Mr. Sutherland (aged 46) is a director of Newcastle Gold (TSX:NCA) and Amarillo Gold (TSXV:AGC). He was a director of Archipelago Resources Plc within the five years prior to his appointment. Mr. Sutherland has not been a partner in any partnerships within the five years prior to his appointment.
Save as disclosed above, no additional information relating to Mr. Sutherland falls to be disclosed pursuant to paragraph 21 of Appendix 1 of the NEX Growth Market – Rules for Issuers.
About NQ Minerals:
NQ Minerals is an Australia-based exploration and mining company, focusing on projects where past exploration work has established the presence of mineral occurrences. The Company’s management team has decades of experience in the exploration and production of gold, silver and a variety of base metals.
Please visit our website at www.nqminerals.com.
For further information, please contact:
NQ Minerals Plc
Brian Stockbridge, Non – Executive Chairman
+ 44 (0) 7876 888011
Kris Kottmeier, VP Corporate Development
+ 44 (0) 20 3637 6522 (UK)
+ 1 (604) 506 6502 (North America)
Daniel Stewart & Company Plc
+ 44 (0) 20 7776 6596
+ 44 (0) 20 7776 6550
Yellow Jersey PR
+ 44 (0) 776 932 5254
+ 44 (0) 776 932 5254