AFR.L Regulatory News (AFR)

7 Jul 2005 09:01

Ovoca Resources PLC07 July 2005 7 July 2005 Ovoca Resources plc ('Ovoca' or the 'Company') Mr. Guy Pas joins Board of Directors Ovoca Resources plc the AIM (OVG.L in London) and IEX (OVX.I in Dublin) listedGold and Platinum Exploration Company is pleased to announce the appointment ofMr. Guy Pas to Ovoca's Board of Directors, as a non-executive Director,effective today, 7 July 2005. Guido ('Guy') Edward M. Pas (54) held the position of Vice President (StructuredTrade/Commodity Finance) at Chase Manhattan Bank (Belgium, France, Switzerland)between 1973 and 1983. In 1984 he joined the oil trading community and in 1987co-founded The Addax & Oryx Group, currently a private African focused oilproduction and trading group. In 1989 he co-founded, and was chairman of, SamaxResources, a company that discovered several gold deposits in Tanzania and in1998 was acquired by Ashanti Goldfields. In 1995 he was founder of Mano RiverResources, a TSXV and AIM listed company with whom he currently holds theposition of chairman. He was a director of Oxus Gold between 1997 and 2002. In2004 he co-founded Afren, an AIM listed African oil & gas exploration company,of which he is still a director. He is also director of a number of otherprivate resources companies and of Synergy Resources Fund. Since its break uphe has been involved in a number of mining projects within the Former SovietUnion. Mr. Pas has held the following directorships or partnerships in the past 5years: Current PreviousEastbound Resources Ltd. Vector XXI Finance SASynergy Resources Fund Ltd. Oxus Gold PlcSynergy Resources Advisors Ltd.Synergy Energy Capital Partners Ltd.Mano River Resources Inc.Artemis Diamonds Inc.Liberian Gold Corporation Inc.Boreal Minerals PlcAfren PlcNorplat Limited There are no details specified by Schedule 2 (g) of the AIM Rules and the IEXRules to be disclosed by Mr. Pas. Eastbound Resources, a resource holding controlled by Mr. Pas, currently holds4,054,536 shares in Ovoca representing 3.67% of Ovoca's issued share capital. Mr. Roger Turner, Chairman of Ovoca, stated "The board welcomes Guy Pas and thevaluable experience he will add to the Ovoca Board. His experience in theRussian resource sector will be invaluable. We worked together when he was amember of the Oxus Gold plc Board and I look forward to a long and successfulinvolvement with him. Ovoca is proving up what could be a major gold find on theKola Licences in Russia. Recent high grade gold assays from the ongoing drillingprogramme gave several intersections yielding in excess of 2.5 ounces per tonne.The board hopes to be in a position to announce further assay results in thevery near future." Contacts Barrie Oakes +44 (0)795 1139266 Roger Turner +44 (0)773 9092813 John O'Connor +353 (0)1 491 2944 Richard O'Shea +353 (0)87 2560 397 John Frain (Davy Corporate Finance) +353 (0)1 679 6363 This announcement has been issued through the Companies Announcement Service of the Irish Stock Exchange. This information is provided by RNS The company news service from the London Stock Exchange