Mulroney returns to Venturex

Argonaut executive director Michael Mulroney has made a comeback to the board of Venturex Resources, this time as managing director.

Mr Mulroney, a geologist by training, holds more than 32 years experience in the resources and finance sectors.

Venturex chairman Tony Kiernan was delighted to welcome Mr Mulroney back to the board.

Mr Mulroney was previously a non-executive director of Venturex, from June 2008 to October 2011.

“He is highly qualified to take over the role from Tim Sugden given his previous involvement as a director, together with his extensive resources and finance experience,” Mr Kiernan said in a statement.

At close of trade today Venturex shares were down 7.3 per cent, to trade at 6.3 cents.