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Peppermint Innovation thanks retiring directors for their contributions to the company’s development

Retiring director Leigh Ryan played a pivotal role in the sale of legacy Zambian assets which netted the company $650,000.

Peppermint Innovation Ltd - Peppermint Innovation thanks retiring directors for their contributions to the company’s development
The company will now appoint new directors

Peppermint Innovation Limited (ASX:PIL) has thanked non-executive directors Leigh Ryan and Mark Reid for their efforts for the company after they have tendered their resignations.

Former managing director and chief executive officer of Chrysalis Resources prior to the reverse takeover by Peppermint in 2015, Ryan played a significant role in the recent sale of Peppermint’s legacy Zambian copper licenses, for which the company received $650,000.

He advised the company of his resignation after completing the sale of the Zambian copper licences, citing his current business commitments as Alchemy Resources Limited (ASX:ALY) managing director.

Reid advised the company of his resignation due to not being able to fulfil his non-executive director duties.

“Valuable contribution to the company”

Peppermint Innovation managing director and CEO Chris Kain said: “The board sincerely thanks Mr Ryan for his service and independent guidance as a non-executive director during the past four and a half years.

“His contribution to the company has been valuable and highly appreciated.

“Leigh gave us a commitment when Peppermint took over Chrysalis Resources that he would stay the journey until we disposed of its legacy Zambian copper assets, which we successfully achieved early last month.”

Kain said Ryan had played a pivotal role in the sale of the Zambian assets.

He said: “The company is incredibly grateful for his guidance in delivering such a successful outcome.

“We wish Leigh every success and goodwill in his future endeavours.

“The company looks forward now to appointing directors suitable to the next stage of the company’s development.”

Quick facts: Peppermint Innovation Ltd

Price: 0.032 AUD

Market: ASX
Market Cap: $44.27 m

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