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Microsoft Word - Royal - ASX Release - Chairman to Step Down - 26 November 2014.docx
ASX Announcement
26 November 2014
Chairman Steps Down
Royal Resources Limited's (Royal), Chairman, Mr Philip Crabb has advised the Board of his intention to step down as a director and Chairman of Royal with effect from the end of the Annual General Meeting to be held on Friday 28 November 2014.
Mr Crabb has been the Chairman since the Company's official listing on the ASX in April
2006.
Royal advises that the Board has resolved to appoint Mr Gordon Toll as Executive Chairman with effect from the end of the Annual General Meeting. Mr Toll was appointed as a Director on 23 September 2014
Mr Crabb said "I am very pleased to be handing over the Chairmanship to a strong, highly experienced and qualified businessman in Gordon Toll. As a substantial shareholder I will obviously retain a key interest in the Company's progress in the development of the Razorback Premium Iron Project".
Mr Toll said "Phil has been a stalwart supporter of Royal since its inception. His contribution to Royal's development is enormous and will always be remembered."
For further information contact:
Frank DeMarte
Company Secretary
+61 8 9316 1356
Royal Resources Limited
ABN: 34 108 102 432
Telephone: + 61 8 9316 1356, Facsimile: + 61 8 9315 3626, Email: [email protected] royalresources.com.au
PO Box 1014, Canning Bridge, Applecross, Western Australia 6153
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Royal Resources Limited
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CODE : ROY.AX |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Royal Res. is a gold and iron exploration company based in Australia. Royal Res. is listed in Australia and in United States of America. Its market capitalisation is AU$ 4.3 millions as of today (€ 4.0 millions). Its stock quote reached its highest recent level on July 13, 2007 at AU$ 0.65, and its lowest recent point on April 03, 2009 at AU$ 0.01. Royal Res. has 393 329 984 shares outstanding. |