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  • Fraser Range Metals Makes Board Changes 0 comments
    Aug 2, 2013 2:16 AM

    Fraser Range Metals (ASX: FRN) has appointed Nicholas Bishop as a non-executive director of the company.

    He has over 10 years of experience in the financial reporting, auditing and taxation of a number of ASX listed and unlisted companies in Australia and the UK.

    The company also advised that managing director Simon King has resigned as a director and executive of the company.

    Fraser Range had in June elected not to proceed with the acquisition of Plumridge Gold Pty Ltd from International Goldfields (ASX: IGS) and acquisition of Fraser Range Resources Pty Ltd due to changes in market conditions.

    In anticipation of the conclusion of the Plumridge and Fraser Range deals, Fraser applied for a large 594 square kilometre tenement which adjoins the Plumridge Gold tenements to the east.

    Exploration on the tenement is estimated to begin as soon as the license is granted.

    The application has since been approved by the Department of Mines and Petroleum and the company expects formal granting of the tenement sometime later in the year.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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