Lionsgold appoints interim chairman as Price steps down

Gold exploration and production firm Lionsgold on Friday appointed Michael Anthony Corcoran as non-executive director and interim chairman with immediate effect.

Corcoran joins the AIM traded company as non-executive chairman David Price steps down from the board in order to focus on his role as chief executive of a separate, unspecified company.

Lionsgold chief executive, Cameron Parry, said: "Michael is a highly experienced and commercially-minded corporate lawyer with extensive experience working with and advising quoted public companies operating in the financial technology and natural resources sectors and we are very pleased he has joined the company at board level."

Corcoran is a corporate lawyer and consultant at Hill Dickinson LLP, has been lead adviser on over 20 initial public offerings and reverse takeovers, and has advised on secondary fundraisings of more than £500m in aggregate, the company said.

"I would personally like to thank David Price for his efforts and input since joining Lionsgold's board as non-executive chairman in 2017 and on behalf of the company wish him well with his other endeavours," Parry said.

A statement from Lionsgold said further board appointments are likely in the near future, including the appointment of a permanent non-executive chairman.

As of 1001 BST, Lionsgold’s shares were unchanged at 2.65p.