Appointment of Directors

RNS Number:5379B
Trans-Siberian Gold PLC
03 August 2004



news release

For release at 07:00 Tuesday, 3 August 2004


                            Trans-Siberian Gold plc

                        Completion of first subscription

                            Appointment of directors


LONDON, 3 August 2004:  Trans-Siberian Gold plc ("TSG") (TSG.L) reports that
AngloGold Ashanti Limited ("AGA"), has completed the first subscription under
the Subscription Agreement which was approved by TSG's shareholders at the
annual general meeting on 27th July.  TSG has issued and allotted 6,131,585 new
ordinary 10p shares at 136.95p for a total consideration of #8.4 million cash.
The new shares have been admitted to the Alternative Investment Market.



In accordance with the Subscription Agreement two AGA nominees, Richard Duffy
and Gordon Wylie, have been appointed to the board of TSG.



Aged 40, Richard Duffy graduated from the University of the Witwatersrand with a
commerce degree and also holds a MBA from Henley Management College. Having
worked for the Anglo American Corporation since 1987, including a secondment to
Lusaka, Zambia as Director of Operations (Central Africa), he joined AngloGold
in 1998 as Managing Secretary to the Board.  He is now responsible for new
business development globally and is a member of AGA's Operations Committee.



Aged 51, Gordon Wylie graduated from the University of Glasgow with an honours
degree in geology and also holds a postgraduate diploma in mining engineering
from Wits University. Gordon began his career at Iscor in 1976 before joining
Anglo American Corporation where he worked in various gold mines in South
Africa, becoming Chief Geologist for the South African Exploration division in
1993. He joined AngloGold in 1998 and is responsible for global gold
exploration.



Jeremy Marshall, Chairman of TSG, comments: "We are delighted to welcome Richard
Duffy and Gordon Wylie to the board of TSG as non-executive directors and look
forward to receiving the benefit of their advice and experience as we bring our
two Russian mining projects into production."



Ends



Contacts:



Jocelyn Waller
Managing Director,
Trans-Siberian Gold                       +44 (0)1223 265 761 / 07778 164 376

Richard Duffy, AngloGold Ashanti          +27 11 637 6246 / +27 83 308 4432


Gordon Wylie, AngloGold Ashanti          +27 11 637 6211 / +27 83 308 6479


Keith Irons,
Bankside Consultants                     +44 20 7444 4155 / 07885 356 639




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

BOASSSSADSLSEEA

Trans-siberian Gold (LSE:TSG)
過去株価チャート
から 6 2024 まで 7 2024