"He has overseen several changes of management and has helped to guide the company through both its phase of rapid growth in Syria and the more recent challenges posed by the difficult political situation currently pertaining in that country," it said.Friday, July 12th, 2013
Mariana Resources’ (LON:MARL) Canada-resident non-exec director Chris Mitchell has resigned following the firm’s de-listing from the Toronto stock exchange earlier this year.
Glen Parsons, chief executive, said: “We would like to thank Chris for his input, guidance and experience whilst being dual listed on the TSX.
“The resignation is in line with Mariana’s decision announced in February 2013 to resume its sole listing on AIM and the transition in terms of regulatory requirements.”
House broker RFC Ambrian said the statement fitted with the company’s strategy to cut costs and preserve cashflow for exploration at its Condor De Oro project in Peru.
Last month, the firm said a drilling permit for the Peru project was taking longer than expected, though it hopes to start in the next three months.
Because of the delays, Mariana said it had cut back on outgoings to bolster a current cash balance of US$450,000.