- Viking Mines’ (VKA) Executive Chairman Ray Whitten resigns from the company effective immediately
- Mr Whitten is an admitted solicitor with more than 48 years’ experience, having previously been President of the City of Sydney Law Society
- He has also worked at the National Stock Exchange of Australia, Return to Work and Motor Accidents Authority NSW
- In the interim, Non-Executive Director Michael Cox has been appointed Non-Executive Chairman
- Shares in Viking are down 4.55 per cent on the market and are trading at 2.1 cents at 12:57 pm AEST
Viking Mines’ (VKA) Executive Chairman Ray Whitten has resigned from the company effective immediately.
Mr Whitten is an admitted solicitor with more than 48 years’ experience, having previously been President of the City of Sydney Law Society.
He is also served as a director of many private and public companies, acting as Chairman of the National Stock Exchange of Australia (NSX) in 2005.
Mr Whitten has also been Deputy Chairman of the Safety, Return to Work and Support Board for Workcover NSW, Lifetime Care and Motor Accidents Authority NSW.
Mr Whitten commented on his time as Chairman of the company.
“After almost seven years as Director, with a number of these as Chair, I have seen this company take on a complete transformation and now, having received a significant portion of unpaid proceeds from the sale of the Akoase gold project, I feel now is the right time to step aside,” Mr Whitten said.
“The company is in a strong financial position and at an exciting time of operations. I look forward to seeing Viking’s success continue.”
In the interim, Non-Executive Director Michael Cox has been appointed Non-Executive Chairman.
Since 2008, Mr Cox has run a private corporate advisory services firm and first began his career as a mining analyst.
Prior to joining Viking, he worked at the NSX, Queensland Opals NL, MultiEmedia, CEAL, Benitec and Syngas.
Mr Cox had nothing but praise for Mr Whitten for what he did for the company.
“He [Mr Whitten] has led the revival of Viking and successfully managed the acquisition of the First Hit Project,” Mr Cox stated.
“Ray’s contribution to Viking has been invaluable and leaves the company in a sound position with good management and the resources to develop its Australian gold operations.”
Shares in Viking were down 4.55 per cent on the market and were trading at 2.1 cents at 12:57 pm AEST.