Stavely Minerals Ltd T.SVY

Primary Symbol: STVMF

Metals & Mining Industrial Metals & Minerals

Stavely Minerals Limited is an Australia-based mineral exploration company. The Company is focused on the exploring for copper, gold and silver at the Stavely and Ararat Projects in western Victoria, and nickel, copper and cobalt at the Hawkstone Project in west Kimberley, in northern Western Australia. The Stavely Project, covering an area of approximately 1,000 square kilometers (km2) over the prospective Stavely Volcanic Belt in western Victoria, includes a 100% owned retention license RL2017, 100% owned exploration licenses EL6870, EL7347, EL7921, EL7922, EL7923 and EL7924 and the Black Range Joint Venture license EL5425. The Ararat Project comprises a retention license, RL2020, covering an area of approximately 26km2. The Ararat Project is located on part of the western margin of the Stawell-Bendigo Zone, which is part of the western Lachlan Fold Belt. Hawkstone Project covers an area of 1,100km2 over prospective stratigraphy in the west Kimberley, in northern Western Australia.

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Stavely Minerals Ltd > Savanna settles management team

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Comment by ticket2rideon May 04, 2015 2:38pm

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Post# 23692036

RE:Savanna settles management team

Wonder what Christopher Strong's Mandate is ?

Its clear what he has experience in...

Profile:
Christopher Strong has served as a director of Savanna since October, 2013 and has been the Chairman of the Special Committee of the Board of Directors overseeing the operations of the Company since February 4, 2015. Prior to joining Savanna's board, he was President and CEO of Union Drilling, Inc., a NASDAQ listed company, from April 2004 until it was successfully sold in November 2012. Union Drilling owned and operated a fleet of 53 premium drilling rigs which operated throughout the United States. Chris is a graduate of Vassar College, has an MA from the University of Pennsylvania and an MBA from the Wharton School of Business. Prior to his graduate studies, he served as an officer in the U.S. Navy.

News Release on Union Drilling from 2012:
Under the terms of the agreement and plan of merger, which has been unanimously approved by Union Drilling's Board of Directors, Sidewinder's acquisition subsidiary, Fastball Acquisition, Inc. ("Fastball"), will commence a cash tender offer to purchase all of the outstanding shares of Union Drilling for $6.50 per share. The purchase price represents a premium of 40.0% over the 60-day volume weighted average share price of Union Drilling and a premium of 26.8% over the 30-day volume weighted average share price of Union Drilling as of Monday, September 24, 2012, the last full trading day before today's announcement.