RNS Number : 9490S
Cambrian Mining PLC
28 May 2009
AIM: CBM
Cambrian Mining Plc
Resignation of Chief Executive
London, 28 May 2009: The Directors of Cambrian Mining Plc ('Cambrian' or 'the Company' or 'the Group') announce the planned resignation of Mr Mark Burridge, Chief Executive and Director. This will become effective on, or earlier if otherwise agreed, the 17 July 2009, shortly after the anticipated date for the closing of the proposed merger with Western Canadian Coal Corp. ('Western').
During this period, Mark Burridge will work closely with John Byrne, Executive Chairman of
Cambrian and Chairman of Western to ensure a smooth transition.
Regarding this development, John Byrne stated that 'Mark has made an invaluable contribution to Cambrian over the past two years as CEO. He has led a fundamental change in structure and management, that was well received by investors and left the company better prepared for the economic downturn. While we are sorry to see Mark leave, the launch of the Western Canadian merger marks an appropriate time for this decision as the company moves forward in a new direction.'
Commenting on his departure, Mark Burridge said: 'I have every confidence that the merger with Western Canadian Coal will be completed, creating a significant player on the global coal stage and completing the strategic change programme that I embarked upon over a year ago. During my time at Cambrian I have had the privilege of working with a number of great people and I am confident that this team will continue to serve shareholders' interests as they work to build an exciting new company.'
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For further information contact:
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Cambrian Mining Plc
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Mark Burridge / Braam Jonker
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+44 (0)20 7409 0890
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Singer Capital Markets
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Jeff Keating / Gareth Price
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+44 (0)20 3205 7500
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Seymour Pierce
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Mark Percy
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+44 (0)20 7107 8000
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Scott Harris
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Stephen Scott / Ian Middleton
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+44 (0)20 7653 0030
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This information is provided by RNS
The company news service from the London Stock Exchange
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