Board Appointment and Grant of Options
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London, United Kingdom - 7 November 2023 - Landore Resources Limited (AIM: LND) ("Landore Resources" or the "Company") announces that Mr Larry Strauss, B.Sc. Geology; M.A. Energy and Mineral Resources, has been appointed to its Board as a Non-Executive Director with immediate effect.
Mr Strauss, based in Oakville, Ontario, Canada, is a highly credentialled individual, with over 30 years' experience as a Mining Equities Analyst and in various Corporate Development roles. He also brings board experience, having previously served as a director of Galway Resources Ltd., Galway Gold Inc. and Galway Metals Inc.
Claude Lemasson, Chief Executive Officer of Landore Resources, today commented:
"We are delighted to welcome Larry to the Board and look forward to benefitting from the vast experience and knowledge that he brings to Landore Resources. As part of the TSX Venture Exchange's ("TSX-V") conditional listing approval for Landore Resources, a Canadian based, independent director was required to be appointed and we are pleased to announce that we have now met this requirement. We are currently progressing satisfaction of the remaining conditions in order to become listed on the TSX-V, alongside our existing quotation on AIM, and will provide further updates in due course."
AIM Rules for Companies: Schedule Two Paragraph (g) Disclosures
As required pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies, the Company confirms that Lawrence Jay Strauss, aged 62, is, save for Landore Resources, currently a director/partner, or has been a director/partner in the past five years, of the following companies/partnerships:
| Current Directorships/Partnerships | Past Directorships/Partnerships (held in last five years) |
| None | Montauk Metals Inc. (formerly Galway Gold Inc.) |
Galway Metals Inc.
As part of his appointment, Mr Strauss has today been granted options over 300,000 ordinary shares of nil par value each in the capital of the Company at an exercise price of 7.60 pence each, exercisable for a period of four years from 7 November 2023 subject to certain vesting conditions.
There is no further information to be disclosed pursuant to Rule 17 and Schedule Two Paragraph (g) of the AIM Rules for Companies.
| a) | Name | Larry Strauss | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Non-Executive Director | ||||
| b) | Initial notification/amendment | Initial notification | ||||
| a) | Name | Landore Resources Limited | ||||
| b) | LEI | 21380019CJ5T1PNY3Q69 | ||||
| a) | Description of the Financial instrument, type of instrument | Options over ordinary shares of nil par value each in the share capital of Landore Resources Limited | ||||
| Identification code | GG00BMX4VR69 | |||||
| b) | Nature of the Transaction | Grant of options over ordinary shares of nil par value each in the share capital of Landore Resources Limited | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume Price | N/a (single transaction) | ||||
| e) | Date of the transaction | 7 November 2023 | ||||
| f) | Place of the transaction | Outside of a trading venue |
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