Altus Strategies Plc (AIM: ALS, TSX-V: ALTS, OTCQX: ALTUF) announces the appointment of Mr Gerard De Hert as a non-executive director of the Company, effective immediately.
Mr De Hert is Managing Director (Technical Services) at La Mancha Holding S.a r.l ('La Mancha').
His appointment is in accordance with the terms of the Strategic Investment Agreement between La Mancha and the Company ('SIA') approved by shareholders on 18 February 2020. Under the terms of the SIA, La Mancha has certain shareholder rights, including the option to appoint up to two non-executive directors to the board of the Company. On 6 April 2020, Mr Karim Nasr, Chief Executive of La Mancha, was appointed as La Mancha's first representative on the Altus board.
David Netherway, Chairman of Altus, commented: 'We are delighted with the appointment of Gerard De Hert to Altus' board. Gerard is the Technical Services MD at La Mancha and was a non-executive director of TSX-listed Golden Star Resources, until its recent US$ 470 million acquisition by Chifeng Jilong Gold Mining Co. in January of this year.
'Prior to joining La Mancha, Gerard held senior management positions with a number of Africa-focused multinational gold miners, including eight years with LSE-listed Endeavour Mining, where he held the role of Senior VP Exploration, prior to which he worked with IAMGOLD, AngloGold Ashanti and Randgold Resources (now Barrick Gold). Gerard's technical expertise in the exploration for and development of mines in Africa will be of considerable value to Altus as we continue to aggressively grow the business and specifically to our active gold exploration programmes across Mali and Egypt. On behalf of the board, I welcome Gerard as a director and look forward to working with him.'
Mr Gerard De Hert, appointed as Non-Executive Director
Mr De Hert serves as Managing Director, Technical Services for La Mancha, where he oversees the technical assessment of new and existing investments. For more than 20 years, he has worked on the appraisal and extraction of several of Africa's largest epigenetic gold deposits for Endeavour Mining, IAMGOLD, AngloGold Ashanti, and Randgold Resources (now Barrick Gold). He holds a Masters in mineralogy and geology from the Catholic University of Louvain as well as a Masters in mineral exploration from the University of Leicester. Mr De Hert is a Qualified Professional (QP) registered with the Mining & Metallurgical Society of America, and is also registered with the European Federation of Geologists.
Contact:
Steven Poulton
Tel: +44 (0) 1235 511 767
Email: info@altus-strategies.com
About Altus Strategies Plc
Altus Strategies (AIM: ALS, TSX-V: ALTS & OTCQX: ALTUF) is a mining royalty company generating a diversified and precious metal focused portfolio of assets. The Company's differentiated approach of generating royalties on its own discoveries in Africa and acquiring royalties globally through financings and acquisitions with third parties, has attracted key institutional investor backing. The Company engages constructively with all stakeholders, working diligently to minimise its environmental impact and to promote positive economic and social outcomes in the communities where it operates.
Market Abuse Regulation Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR'), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Upon publication of this announcement, the inside information is now considered to be in the public domain for the purposes of MAR.
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