23/03/2012 - 15:51

Azimuth announces North America move

23/03/2012 - 15:51

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Azimuth announces North America move

Azimuth Resources is shifting its headquarters from Perth to North America, to be closer to its gold and uranium operations in Guyana.

Azimuth also announced today it would recruit a new chief executive to be based in North America.

The miner said the structural changes were part of its upcoming listing on the Toronto Stock Exchange, which is expected to occur within the next few weeks.

Current managing director Dominic O’Sullivan will be appointed as company president, and will assist the new chief executive to promote the company in Guyana.

Azimuth holds a portfolio of gold and uranium exploration licences in Guyana, covering more than 12,000 square kilometres.

Finally, Azimuth said it would also shake up its senior management structure, with all Guyana operations to now report to chief operating officer Paul Criddle.

“These changes will position the company for its next stage of growth following an extremely successful 2011, both operationally and in terms of corporate developments delivered by the board and the stewardship of Dominic and his management team,” the company said in a statement.

At close of trade today, Azimuth shares were steady, up 0.72 per cent at 70 cents.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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