SYDNEY, AUSTRALIA: Reach Resources Limited (ASX:RR1) introduced the appointment of Jeremy Bower as CEO of the company, efficient immediately.
Mr Bower’s appointment as CEO follows the Company’s profitable $2.4M placement which will settle 23 March 2022 with shares to be allotted, 24 March 2022.
Funds raised will be used to finalise the acquisition of 10% of REEgenerate Pty Ltd along with offering working capital and money to develop the Company’s mineral useful resource exploration projects.
Mr Bower is an skilled executive and project supervisor demonstrated throughout the mining, agricultural and industrial sectors and in particular brings a distinctive skill set that’s extremely related to the diversified resources Company.
Jeremy brings over 15 years’ expertise coping with the government, key stakeholders and engineers to acquire project approvals, along with strong ESG credentials, which is now demanded by investors and communities alike throughout the globe.
His appointment comes at a time when the Reach Resources Limited is focussed on driving an in depth plan to evaluate and ship extra worth from its assets and take steps towards being a significant participant within the rising round economy.
Mr Bower said, “I was attracted to the Reach Resources Limited due to its distinctive mix of extremely potential mineral useful resource projects along with the recent funding in REEgenerate, collectively which form a solid basis to construct worth for shareholders”.
The Company’s non-executive Chairman, Robert Downey said “We are excited to have Jeremy join the Company as CEO. The Board and administration have gotten to know Jeremy well over the previous month, and we have no doubt that his expertise and can do attitude will guarantee he can hit the bottom running, and importantly present worth to our loyal shareholders from development of our asset portfolio”.
Mr Bower will be employed as CEO on a everlasting half time basis of two days per week to handle and co-ordinate the event of the Company’s present asset portfolio. If the Company requires a full time CEO, the events agree to debate and negotiate appropriate phrases at the
relevant time.
www.reachresources.com.au