Trans-Siberian Gold plc (TSG.LN) announces that Mr. Alexander Dorogov, who has been Finance Director of TSG's Russian subsidiaries since 2010 and the Company's Chief Financial Officer since 1 July 2017, has joined the Board of the Company.
Alexander Dorogov graduated from the State Finance Academy in Moscow with a degree in financial management. Prior to joining Trans-Siberian Gold Management LLC in November 2008, he was Chief Financial Officer of the Alumina division of UC Rusal from 2005 to 2008. From 2009 till 2014 he also held positions of deputy CEO and CFO of Ferroalloys division of Mechel. Between 2001 and 2005 he held various senior positions with a private investment fund, supervising the acquisition of gold mines in Siberia and Far East Russia, and previously spent five years with United Financial Group.
Dmitry Khilov, Chief Executive Officer of TSG, commented:
"I am pleased to welcome Alexander to the Board. He has worked within the group for a decade and has a deep understanding of our operations. Alexander played a key role in the successful refinancing of our debt earlier the year which has resulted in a substantial reduction to our cost of borrowing. He is highly capable and deserves this recognition."
The following additional information is provided in accordance with AIM Rule 17 and Schedule Two, paragraph (g) of the AIM Rules for Companies.
Details of the names of companies and partnerships (excluding directorships of the Company) of which Mr. Dorogov is or has been a member of the administrative, management or supervisory bodies or partners at any time in the five years preceding the date of this document are set out below:
|Name||Current directorships/partnerships||Past directorships/partnerships|
Mr. Dorogov does not hold any interest in the Company's issued share capital.
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The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.
TSG is focused on low cost, high grade mining operations and stable gold production from its 100% owned Asacha Gold Mine in Far East Russia.