Media ReleasesMagnetite Mines

View All Magnetite Mines News

Magnetite Mines - Appointment of New Non-Executive Directors

Magnetite Mines Limited (ASX: MGT) (Company) is pleased to announce the appointment of two new NonExecutive Directors of the Company, Mr. Jim McKerlie and Mr. Paul White, effective immediately.

The Company is committed to the highest standards of corporate governance and is progressively ensuring that it meets the provisions of the ASX Corporate Governance Council's Principles of Good Corporate Governance and Best Practice Recommendations as announced in our Annual Report.

These appointments will result in the Board having a majority of Non-Executive Directors, consistent with ASX Recommendation 2.4 of the Governance Guidelines and the Company’s strategy of strengthening the Board’s experience and expertise for the benefit of all shareholders. 

For more information, download the attached PDF.

Download this document

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.