- Aguia Resources (AGR) officially appoints Christina McGrath as its Executive Chair
- Christina McGrath has held the role of Non-Executive Chair of Aguia since June 2019, frequently acting as Executive Chair and providing corporate support to the company
- Ms McGrath’s position has now been formalised, with her annual salary set to reflect this at $165,000
- Due to Aguia’s limited cash reserves, the company agreed to remunerate Ms McGrath with a one-off issue of 2 million shares for her previous work
- Aguia Resources last traded at 5.5 cents at 1:00 pm AEDT
Aguia Resources (AGR) has appointed Christina McGrath as its Executive Chair.
Christina McGrath held the role of Non-Executive Chair of Aguia since June 2019 and has since acted as Executive Chair, providing corporate support to the company.
The incoming Executive Chair’s position has now been formalised, with her annual salary set to reflect this at $165,000.
Due to Aguia’s limited cash reserves, the company agreed to remunerate Ms McGrath with a one-off issue of 2 million shares for her previous work.
Christina McGrath said Aguia is very well-placed for 2022 with a solid cash base and 100 per cent ownership of its phosphate and copper projects.
“We have exposure to two commodities that are in high demand and have favourable long-term fundamentals,” Ms McGrath said.
“We anticipate a steady stream of operational updates and I look forward to continuing to work closely with the board and Fernando and his very capable team in Brazil to unlock the company’s underlying value.”
Aguia Resources last traded at 5.5 cents at 1:00 pm AEDT.