Alicanto Minerals Shakes Up Board To Fuel New Growth Strategy

Alicanto Minerals Ltd (ASX:AQI) has made changes to its board and management as part of a new growth strategy that will see it review potential project acquisitions.

New leadership

Raymond Shorrocks has moved from Non-Executive Chair into the role of Interim Executive Chair.

With over 30 years of experience in the resources sector and senior corporate finance executive roles, Shorrocks has advised a diverse range of mining companies and managed equity capital raisings, mergers and acquisitions.

His leadership and expertise will be essential in driving Alicanto’s growth strategy.

Appointment of Duncan Grieve

Duncan Grieve has been appointed as a Non-Executive Director.

Grieve is a seasoned geologist with a track record of successful discoveries.

Notably, he was part of the discovery and resource drill-out at Bellevue Gold Ltd’s (ASX: BGL) namesake project in Western Australia.

Grieve has previously worked with Alicanto on its exploration strategy in Sweden and will take an active role in reviewing additional advanced projects that have the potential to complement Alicanto’s existing assets.

Other changes

Susan Field has been appointed as Chief Financial Officer, replacing Michael Naylor who will remain on as a consultant.

Field is a Chartered Accountant with over 27 years of experience in both the corporate and public sectors.

Meanwhile, Rob Sennitt has stepped down as Managing Director but will be available to the company over the next three months to assist in potential funding options.

As part of its fundraising efforts, Alicanto has launched a pro-rata entitlement (rights) offer of shares to raise up to A$1.6 million.

Read: Alicanto Minerals Launches A$1.6M Rights Offer For Exploration In Sweden

Combined expertise

New Interim Executive Chair Raymond Shorrocks said: “On behalf of the Board, I thank Rob for his commitment to driving the exploration program in Sweden.

“This saw Alicanto make strong progress towards its goal of unlocking the immense potential of these assets.

“We welcome Russell, Duncan, and Sue to the team.

“Their combined expertise in geology, finance, and corporate governance will be crucial as we advance our current projects, explore new opportunities and drive shareholder value”.

  

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