| Lees steps down at Triple Plate Junction |
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| Wednesday, 28 November 2007 | |
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David Lees has resigned his position as group finance director at AIM-listed gold exploration company Triple Plate Junction PLC with immediate effect.
He will remain on the board of directors as a non-executive director. Peter Wright, 38, who has held the position of group financial controller since joining the company in January 2007, has been appointed as group finance director. Wright was a director of Makata Finance Limited from 31 March 2004 to 31 July 2007. Triple Plate was admitted to AIM in January 2004. The company is involved in the exploration of gold mines in Vietnam. It entered into a joint venture and farm-in agreement with Barrick (PNG) Limited, a wholly owned subsidiary of Barrick Gold Corporation, the world's largest gold producer, in respect of explorations in Papua New Guinea, known as the Wamum Licence. The firm said in September that it was optimistic about future prospects after encouraging exploration results in both Vietnam and Papua New Guinea, despite widening losses in the short term. Triple Plate posted pre-tax loss of £894,000, compared with £796,000 a year ago. Operating loss stood at £1.20 million versus £1.22 million a year earlier. Triple Plate Junction’s (AIM:TPJ) chairman Ian Gowrie-Smith said: “I would like to take this opportunity to thank David for all his hard work as finance director throughout the foundation years of the company and am pleased to have his ongoing support in his role as a non-executive director.” Related links |
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