|By Marketwired .||
|January 30, 2014 02:06 AM EST||
LONDON, UNITED KINGDOM -- (Marketwired) -- 01/30/14 -- Touchstone Gold (TSX: TCH)(AIM: TGL) is pleased to announce the appointment of Franz Forrester as Chief Operating Officer and Executive Director of the Company, and the resignation of Non-Executive Directors Robert Buchan and Paul Cowley. The revised Board of Directors will consist of Fraser Buchan, Ilyas Khan, and Franz Forrester. All directors have elected to not receive cash remuneration.
Franz Alexander Forrester, aged 41 has spent a large part of his career working as a financial adviser in both the UK, and for ten years in Chile where he was a Portfolio Manager at MCC Internacional Ltda and Partner at Wilton Investments Limited. Franz is the co-founder and serves as a trustee director of the Benedictus Trust, a London based charitable organisation focused on the provision of liberal arts education in the UK.
Ilyas Khan, Non Executive Director of the Company, commented: "Franz has diverse expertise and track record in both public and private sectors, and we look forward to working with him to increase shareholder value. We would like to thank both Paul Cowley and Bob Buchan for their contribution to the company."
See appendix for further information in accordance with Rule 17, Schedule Two (g) of the AIM Rules for Companies.
Appendix - AIM Rule 17
Save as disclosed herein, there are no additional disclosures to be made in accordance with paragraph (g) of Schedule 2 of the AIM Rules in relation to Franz Forrester.
-- Benedictus Trust
Previous Directorships in the Last Five years
-- Winterbourne Investment Management Limited
Touchstone Gold Limited
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