23/03/2009 - 12:35

David Nixon joins Brockman board

23/03/2009 - 12:35

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Nearly four months after being voted out of Atlas Iron, former chairman David Nixon has been appointed to the board of Brockman Resources as a non-executive director.

Nearly four months after being voted out of Atlas Iron, former chairman David Nixon has been appointed to the board of Brockman Resources as a non-executive director.

Mr Nixon's appointment comes as Brockman moves towards development of its flagship Marillana iron ore project in the Pilbara.

As part of his appointment, Mr Nixon will be issued with 1 million options at $1.30 each, exercisable within four years from the date of approval.

The options will be issued in two tranches of 500,000 each with the first to be awarded once shareholder approval is obtained.

The second tranche will be issued on the first anniversary of shareholder approval.

Late last year, Mr Nixon was voted out of Atlas after shareholders IMC Resources and Linq Resources Fund used their combined stake to vote against his re-election.

 

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