Director Appointment
Perth, Dec 10, 2014 AEST (ABN Newswire) - Valence Industries Limited (
ASX:VXL) (VXLO, "Valence Industries", or "the Company") wishes to announce that Mr Ian Pattison will join the Board of Valence Industries Limited.
Ian is a director of Chimaera Capital Limited, a Melbourne based investment and corporate advisory firm, he is also a director of Luminus Systems Limited, a mining and investment company. Mr Pattison has an indirect shareholding in Valence of 4,590,000 shares and 6,735,000 options with an exercise price of $0.25 and expiry of 31 July 2016.
A solicitor and chartered accountant Mr Pattison has deep experience in capital markets having worked with Donaldson Lufkin Jenrette Inc and Greenwich based Paloma Partners LLC.
At the recent Valence AGM, the Chairman indicated that The Board was reviewing its composition with a view to enhancing strengths in the fields of Investment and Finance.
"Mr Pattison will be a great asset on the Valence Board to assist the company's steady expansion in the growing Advanced Manufacturing Sector", Chairman Spurling said.
The appointment of Mr Pattison will be subject to ratification by shareholders at a general meeting to be held in February 2015.
About Valence Industries Ltd
Valence Industries Limited (ASX:VXL) is an industrial manufacturing company producing high grade flake graphite products for distribution and sale to global markets. Valence Industries owns established processing facilities and infrastructure to manufacture a wide range of graphite product lines for multiple applications and multiple industries. Valence Industries produces and sells its graphite products from its Uley Graphite facilities in regional South Australia for delivery to diversified markets for graphite in the Asia Pacific, Europe and North America. Visit Valence Industries
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