London-listedannounced on Monday that it had welcomed Louis Castro to its Board of Directors with immediate effect.
Having spent thirty years in the industry and in financial services, including positions as CEO, Finance Director and Non-Executive Director, Tekcapital emphasised Castro as a “highly experienced” candidate.
A Fellow of the Institute of Chartered Accountants of England & Wales, Castro has served as the CFO at Eland Oil & Gas where he had full executive responsibility and a budget of over $150m.
Shares in Tekcapital were trading 4.65% higher at 0.250p this afternoon.
He has also held board positions with both quoted public and private businesses and currently is serving as a director of Green Park Petroleum and non-executive director of AIM-listed Stanley Gibbons Group, Jangada Mines, and Ascent Resources.
“We believe that his extensive business and investment banking experience will further enhance the board's skills and growth prospects for the Company,” highlighted Dr Clifford Gross, Executive Chairman at Tekcapital.
In addition, the company said that Bill Payne would be stepping down as Non-Executive Director with effect from 1 January 2020, adding “we are thankful for Bill’s contribution and good service to the company.
Follow News & Updates from Tekcapital:
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.
Kiziltepe, which is part of the Red Rabbit joint venture with Proccea Construction, produced 27,985 ounces of gold to exceed its full year production guidance of 25,000 ounces, representing an increase of around 12%.
“This recognition is a testament to the substantial progress the Company has made over the past few years; delivering on strategy, exploration success, strong financial position, and value creation to shareholders,” said Gil Holzman, President and CEO of Eco Atlantic.