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PERTH, Australia, July 4, 2013 /CNW/ - Azimuth Resources Limited (ASX and TSX: AZH) (the Company or Azimuth) advises, subsequent to the takeover offer by Troy Resources Limited (Troy) being declared unconditional, the Company has today appointed Mr David
Dix as Non-Executive Chairman of the Company, and Mr Paul Benson and Ms
Stacey Apostolou as Non-Executive Directors of the Company.
Messrs Michael Hunt, Richard Monti and Sean Harvey have tendered their
resignations to the Company. Independent Non-Executive Director, Mr
Dean Felton will remain on the Board until Troy proceeds to compulsory
acquisition, at which time he will step down.
Mr David Dix, the incoming Chairman, commented:
"The appointment of Troy nominees to the Azimuth Board follows the
takeover offer for Azimuth shares having been declared unconditional
earlier this week."
"I take this opportunity to thank Michael Hunt, the outgoing chairman,
and the outgoing directors, for their efforts in building Azimuth since
acquiring the Guyanese gold projects in 2010, and for the professional
manner in which they have approached the takeover."
We encourage any Azimuth shareholders who have not yet accepted the
offer to do so as soon as possible to enable Troy to proceed to
compulsory acquisition. The sooner this is achieved the sooner we can
focus on the project development in Guyana."
SOURCE: Azimuth Resources
For further information:
Chief Executive Officer
Tel: +61 8 9381 2488