Southern Gold Limited (ASX: SAU) has provided an update in relation to changes in the composition of the board.
Firstly, Dr Jack Hamilton has been appointed a non-executive director. Dr Hamilton brings a wealth of experience as a highly accomplished senior executive and board director, with a deep knowledge spanning technology commercialization, operations, manufacturing, project management, business development, and commercial ventures. He has held significant leadership roles both locally and internationally within the energy sector, including a distinguished tenure as the director of North West Shelf Ventures for Woodside Energy Ltd, overseeing Australia’s largest resource project.
Also, Mr. Adam Slater has been engaged as a non-executive director, subject to receipt of his ASIC director identification number. In the meantime, Mr. Slater has been engaged as an advisor to the board. He brings nearly three decades of invaluable experience in the commodities industry. His impressive journey includes leading the development of the commodity division at CWT Limited, a company listed on the SGX, from 2007 to 2018. This division encompassed financial services, brokerage of commodities, commodity trading, and comprehensive supply chain management for commodities. Notably, Adam also served on the boards of each subsidiary company within CWT Limited’s commodity-related businesses and chaired the board of MRI Trading.
The pair will each receive 3M unlisted options with an exercise price of A$0.025, expiring four years from their issue date. The options vest upon their re-election by shareholders at the 2024 AGM. 3M options will be issued under the company’s employee incentive plan and 3M options will be issued under the company’s available capacity under ASX Listing Rule 7.1.
To find out more, please visit www.southerngold.com.au
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