Aranjin Resources Announces Board Changes as ASX Plans Move Forward
Aranjin Resources Announces Board Changes
as ASX Plans Move Forward
Ulaanbaatar, Mongolia--(Newsfile Corp. - January 22, 2024) - Aranjin Resources Ltd. (TSXV: ARJN) (the
"
Company
" or "
Aranjin Resources
") announces that it has reduced its Board to three directors as it
moves forward with its previously announced plans to list on the ASX.
Bataa Tumur-Ochir and Jeremy South will step down from the Board with immediate effect.
Jeremy
South will remain as Chief Financial Officer and has been appointed Corporate Secretary of the
Company after the resignation of Solongo Gunsendorj effective immediately. Solongo Gunsendorj will
remain as a director of the Company.
As announced on January 8, 2024, the Company's acquisition of an 80% interest in the Bangemall,
Gawler and the Western Wood copper projects in Australia (the "
Australian Transaction
") has closed
in escrow, with final closing subject to the completion of customary transaction conditions and receipt of
final TSXV approval for the Australian Transaction.
Mr. Matthew Wood, Executive Chairman of Aranjin Resources stated, "With the process for dual
listing on the ASX already underway, we have taken this opportunity to trim our Board. We are excited
about our exploration plans for 2024 which is shaping up to be an exciting year of transformational
growth for Aranjin and its shareholders."
On behalf of the Board
Matthew Wood
Chairman
+976 7732 1914
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Cautionary Statements
Certain information contained herein constitutes forward-looking information or statements under
applicable securities legislation and rules. Such statements include, but are not limited to, statements
with respect to listing on the ASX, final approval of the TSXV for the Australian Transaction and
exploration plans for 2024. Forward-Looking statements are based on the opinions and estimates of
management as of the date such statements are made and are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of activity, performance or
achievements of Aranjin Resources to be materially different from those expressed or implied by such
forward-looking statements, including, but not limited to: (i) any inability of Aranjin Resources to satisfy
conditions imposed by the TSX Venture Exchange on the Australian Transaction for any other reason;
and (ii) any change in the circumstances of the Company, whether internal or external, whether affecting
the Company particularly, the Australian Projects particularly, or the general mineral and/or general
global markets, which could cause the Company to reconsider and adjust or abandon any exploration
work it currently intends for the Australian Projects, or (iii) any factors inhibiting the Company from listing
its shares on the ASX. Although management of Aranjin Resources has attempted to identify important
factors that could cause actual results to differ materially from those contained in forward-looking
statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate. Accordingly, readers should
not place undue reliance on forward-looking statements. No party will update any forward-looking
statements or forward-looking information that are incorporated by reference herein, except as required
by applicable securities laws. The parties caution readers not to place undue reliance on these forward-
looking statements and it does not undertake any obligation to revise and disseminate forward-looking
statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-
occurrence of any events.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/195120