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MacPhersons Appoints Experienced Corporate Finance Executive as a Director

August 20, 2014



ENP Newswire - 20 August 2014

Release date- 19082014 - Following its recent highly successful $8.8 million capital raising, MacPhersons Resources Limited (ASX: MRP) is pleased to announce the appointment of experienced corporate finance executive Peter Rozenauers as a non-executive Director.

Mr Rozenauers joins the Board as a representative of the Company's major shareholder, Orion Mine Finance, which subscribed for $6.3 million as part of the recent raising, increasing its holding to 19.9 per cent. Mr Rozenauers is a Portfolio Manager with Orion Mine Finance and has over 25 years of experience in the natural resources and finance industry.

He holds a Bachelor of Mining Engineering (Hons I) from the UNSW, a Master of Applied Finance from the University of Technology Sydney and is a Member of the Australasian Institute of Mining and Metallurgy.

Prior to Orion, Mr Rozenauers was a Senior Investment Manager for Red Kite Group's Mine Finance business. Before joining Red Kite in 2012, he was Managing Director and Head of Asian Commodities Distribution for Barclays Capital in Singapore, a leading commodity global investment bank. He has spent his career working in a variety of senior banking roles in Sydney, Singapore, New York and London.

MacPhersons Chairman Ashok Parekh said, 'We are very pleased to welcome Peter to the Board of MacPhersons Resources. His broad experience in the resource sector - in particular in corporate finance and banking for natural resource projects - will be invaluable as we complete the Feasibility Study on the Nimbus silver-zinc-gold project and advance the project towards production.'

Contact:

MacPhersons Resources Limited

PO Box 10977

109 Maritana Street

Kalgoorlie WA 6430

Tel: +61 (0) 8 9068 1300

Fax: +61 (0) 8 9068 1310

Email: info@mrpresources.com.au


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Source: ENP Newswire


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