Appointment of Executive Director
Mr Irawan will replace Colin Locke who has held the position of Executive Director since 22 December 2011. Mr Locke will continue serving shareholders in the role of Non-Executive Director. Mr Locke wishes to thank investors for their support in his previous role as Executive Director and he is looking forward to continuing with the board in adding further value to shareholders Mr Irawan has extensive and successful experience in mining, shipping and banking. The board is confident that Mr Irawan will better serve shareholders by joining Mr Clower as Executive Director.
Mr Irawan will receive an annual salary of $90,000 plus superannuation for his appointment as Executive Director.
About European Cobalt Ltd
European Cobalt Limited (ASX:EUC), formerly Western Mining Network Limited, is engaged in the acquisition and exploration, and evaluation of resource-based projects within Indonesia. The Company operates through two segments: mineral exploration and treasury.
European Cobalt Ltd