InCoR Holdings Plc. (GXGF: ICR, ISIN: GB00BBVJ5S54) ('InCoR' or the 'Company') announces that it has appointed Nicolas Fitaire to the Board of the company. He will assist Mr George Molyviatis, Executive Chairman of Incor, with the company's growing investment portfolio.
Mr Fitaire is the founder of BCC Geneva and The Controller, a provider of services to the wealth management industry. Previously he was a Director withRaiffeisen Group, the private bank operating in Prague. He has also held positions with Lombard Odier and BNP Paribas.
George Molyviatis, Executive Chairman of Incor, commented: 'I am delighted to welcome Nicolas to the Board. His wealth of experience will undoubtedly prove invaluable to Incor in helping to deliver its strategy to develop distressed resource assets.'
For further information, please contact:
Mr George Molyviatis, Executive Chairman
Incor Holdings Plc
M: 00 41 79 217 1767
InCoR Holdings Plc
www.incorholdings.com
InCoR Holdings is a venture capital and holding company in the natural resource sector. InCoR acquires and develops projects and distressed assets identified by management focusing primarily in the mineral resource, energy and food/agriculture sectors.
InCoR acts as a worldwide project incubator with a 'barbell' approach to investment. By adopting this approach, InCoR targets projects that are either near term cash flow positive or with world class blue sky potential. InCoR uses a holding corporate structure to implement symbiotic competitive advantages between industry sectors. In doing so the efficiency of its investment strategy is maximised through identifying and capitalising on synergies.
A holding structure can also be used to ensure management of each of the businesses within InCoR has an entrepreneurial attitude of reward with success.
Cautionary Note Regarding Forward-Looking Statements
Certain of the statements made and information contained herein is 'Forward- looking information' within the meaning of applicable securities laws, including statements concerning our plans at our producing mines and exploration projects, which involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information is subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, failure to establish estimated resources or to convert resources to mineable reserves; the grade and recovery of ore which is mined varying from estimates; capital and operating costs varying significantly from estimates; delays in obtaining or failure to obtain required governmental, environmental, or other project approvals; changes in national and local government legislation or regulations regarding environmental factors, royalties, taxation or foreign investment; political or economic instability; terrorism; inflation; changes in currency exchange rates; fluctuations in commodity prices; delays in the development of projects; shortage of personnel with the requisite knowledge and skills to design and execute exploration and development programs; difficulties in arranging contracts for drilling and other exploration and development services; dependency on equity market financings to fund programs and maintain and develop mineral properties; and risks associated with title to resource properties due to the difficulties of determining the validity of certain claims and other risks and uncertainties, including those described in each management's discussion and analysis released by the Company. In addition, forward-looking information is based on various assumptions including, without limitation, the expectations and beliefs of management; the assumed long-term price of gold; the availability of permits and surface rights; access to financing, equipment and labour and that the political environment in the jurisdictions within which the Company operates will continue to support the development of environmentally safe mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward- looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements, which speak only as of the date they are made. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
Incor Holdings Plc announces the appointment of a New Director: http://hugin.info/157813/R/1925446/690835.pdf
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Source: InCoR Holdings Plc via GlobeNewswire [HUG#1925446]
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