Artemis Resources has re-shuffled its board with His Highness Sheikh Maktoum Hasher al Maktoum replacing well-known chairman David Lenigas in the role.
A Non-Executive Director of Artemis since October 2017, H.H Sheikh Maktoum will take the role of non-executive chairman.
Mr Lenigas – who was appointed back in November 2016 only days before reporting visible gold at Purdy’s Reward and locking in a $525,500 cap raising – has resigned from the board citing the demands on his time from family and his other business activities.
H.H Sheikh Maktoum is a member of Dubai’s ruling family and is the President of Al Fajer Group, Chairman of Dubai International Holdings, Chairman of Manannan Hydro Limited and a Non-Executive board member of the Commercial Bank of Dubai.
H.H Sheikh Maktoum thanked Mr Lenigas for the key role he played in expanding the asset base of the company and securing the necessary funding to advance those assets.
I am excited to accept this role and assure our shareholders that I am committed to working to providing the leadership to move the Company forward,” he said.
I have the skills and experience to facilitate this and my business interests include mining and exploration projects in other parts of the world.”
In addition, Mr Alex Duncan-Kemp has resigned as a Director of the Company while Mr Dan Smith has been appointed a Non-Executive Director of Artemis.
Mr Smith BA is a Commercial Director at Minerva Corporate, an established corporate services business based in Perth, Western Australia. He is a non-executive director of ASX and AIM listed Europa Metals Limited, ASX listed Lachlan Star Limited, HIPO Resources Limited and White Cliff Minerals Limited. Mr Edward Mead continues as an Executive Director of the Company.
Shares in Artemis have gained 0.3c, or 3.5%, to close today at 8.8c.