Toronto-based mineral exploration and development company Dalradian Resources Inc (TSX: DNA) has appointed Michael Barton to its board of directors. Barton is a portfolio manager at Orion Mine Finance Group, a U.S. mining private equity firm. Dalradian said last October that Orion had agreed to invest $50 million in the company, which is currently developing its Curraghinalt Gold Project in Northern Ireland. Before joining Orion in 2016, Barton was CEO of Swiss mining private equity firm Pala Investments.
Michael Barton joins Dalradian’s Board of Directors
TORONTO, January 11, 2018 /Marketwired/ – Dalradian Resources Inc. (TSX:DNA; AIM:DALR) (“Dalradian” or the “Company”) announces that Michael Barton has been appointed as a non-executive director of the Company, as Orion Mine Finance Fund II LLP’s (“Orion”) designated nominee, effective immediately.
Patrick F.N. Anderson, Dalradian’s President and CEO, commented:
“We are delighted to welcome Mike Barton to our Board. He is well known in the London and broader financial markets, having served on the boards of many listed mining companies. Dalradian will benefit from his extensive experience in mine project finance and development as we continue to advance our high-grade Curraghinalt gold project through permitting and project financing.”
Michael Barton is a Portfolio Manager at Orion, a mining-focused investment business with approximately $3.7 billion under management (at December 31, 2017) that provides flexible capital investment solutions to mining companies in the base and precious metals sector. Orion has demonstrated capability in debt, equity, and production-linked investments, such as streams, offtakes and royalties. Prior to Orion, Mr. Barton was Chief Executive Officer of Pala Investments, a mining-focused investment company. Mr. Barton held various positions at Pala Investments, having joined Pala shortly after its formation. At Pala, Mr. Barton was responsible for all aspects of strategy development, deal origination, investment management and portfolio management across a broad portfolio of investment types, including public equity, private equity, debt, convertible debt, royalties and product streams. Before joining Pala, Mr. Barton was Vice President at Hatch Corporate Finance (now HCF International Advisers), a mining and metals-focused corporate finance boutique. Mr. Barton holds a First Class Honours degree in Geography from the University of Leicester. He is a qualified chartered accountant (ICAEW).
In terms of the appointment of Michael Barton (aged 38) to the board, there is no further information that is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies, save for the following:
Current directorships/partnerships: Orion Resource Partners (UK) LLP, ORP Investment (UK II) LLP, Mitchell Drilling Pty Limited.
Past directorships/partnerships (past five years): Pala Investments Limited, Sierra Rutile Limited, Concord Resources Limited, Kore Potash Limited, Hana Mining Ltd, Nevada Copper Corp., Peninsula Energy Limited, WDS Limited, 8926549 Canada Inc., Datamine Investments Limited, Tamzamdex LLP.
Mr. Barton is indirectly interested in approximately 0.009% of the issued share capital of Dalradian through his indirect holding in Orion.
About Dalradian Resources Inc.
Dalradian Resources Inc. is a mineral exploration and development company that is focused on advancing its high-grade Curraghinalt Gold Project located in Northern Ireland, United Kingdom. The Curraghinalt Project is in permitting, with exploration ongoing to build on the positive feasibility study released in January 2017.
For more information:
Vice President Communications
+1 416 583 5600
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett / Richard Tonthat
+44 (0)20 7383 5100
Canaccord Genuity Limited (Broker)
Henry Fitzgerald-O’Connor / Martin Davison
+44 (0)20 7523 8000
Photo courtesy of Dalradian Resources Inc