Dalaroo Metals board changes announcement

Dalaroo Metals Ltd (ASX: $DAL) has received Tranche 1 monies of $198,600 of the $2.65 million capital raising and PAC Partners Securities Pty Ltd has confirmed receipt of acceptances for binding offers for the remaining Tranche 2 funds. As a result, Bilal Ahmad and Joshua Gordon have been appointed as Non-Executive Directors of Dalaroo.

Executive Commentary on Board Changes

Mr Bilal Ahmad, an accomplished investor with a 15-year track record, and Mr Joshua Gordon, an experienced corporate finance professional, have been appointed as Non-Executive Directors. Both will be entitled to receive $50,000 per annum as Non-Executive Directors' fees and 4 million Performance Rights each, subject to shareholder approval at the General Meeting planned to be conducted in August 2024. The Board also bids farewell to Mr Robert Beeck, who has resigned as a director of Dalaroo.

Summary of Dalaroo Metals board changes

Dalaroo Metals Ltd (ASX: $DAL) has announced the appointment of Bilal Ahmad and Joshua Gordon as Non-Executive Directors following the receipt of Tranche 1 funds and confirmation of acceptances for Tranche 2 funds. The new directors bring extensive experience in strategic investments and corporate finance. They will be entitled to receive fees and Performance Rights subject to shareholder approval. The Board also acknowledged the resignation of Mr Robert Beeck. The company looks forward to the General Meeting planned for August 2024 for the approval of Performance Rights issuance.