Aspire Mining Limited Announces Changes to Board of Directors
December 05, 2019 at 02:40 am EST
Aspire Mining Limited announced that Mr. Archit-Erdene Darambazar has been appointed as Managing Director. Aspire's Executive Chairman, Mr. David Paull, will transition to the role of Non-Executive Chairman from March 2020. As part of the Subscription Agreement with Mr. Tserenpuntsag and as also foreshadowed in the Explanatory Statement, the Company has agreed to reduce the number of Directors from seven to five. Messrs Alexander Passmore and Gan-Ochir Zunduisuren have both agreed to resign as Directors of Aspire. Mr. Gan-Ochir Zunduisuren will continue in an executive management role with the Company in Mongolia.