Integrated mining services and resource asset company MLG has appointed Simon Price to its board as a Non-Executive Director – with the appointment effective as of March 24, 2025.
Price is the Deputy Chair and one of the founders of boutique corporate advisory firm Azure Capital, which specialises in mergers and acquisitions and capital market transactions. Since its foundation it has evolved from a small Western Australian firm to one with a national reputation in the small cap and mining sectors.
He is also a director of non-bank financial institution Thinktank Group and is a past member of several not-for-profit boards.
MLG Managing Director Murray Leahy says Price’s strengths will complement the skills of the existing board.
“We welcome the appointment of Simon to the board and look forward to his wealth of experience and expertise complementing the company’s strategic objectives,” Leahy says.
“We are confident his impact will be felt well into the future.”
Further to the announcement, MLG has proposed the issuing of two million unquoted options with a one-year vesting period and a total four-year life to each of its Non-Executive Directors – Price, Anna Neuling and Garret Dixon.
The exercise price would represent 143 per cent of the 5 VWAP as the date of offer and acceptance of the options being signed.
The proposal is subject to shareholder approval.
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