CBH Resources Ltd, owner of Cobar’s Endeavor Mine, has announced several senior management changes to its company’s operations.
Mr Tony Davis has been appointed general manager of Endeavor Operations following the departure of David Vink last August.
His duties with CBH will commence on January 2010.
In a second senior management appointment, James Dunstan will take up the duties of chief financial officer on November 16.
Meanwhile the company has also announced a further boost to its operational finances with the recent buy-back of 5189 convertible notes.
“The company advises that on October 29 it purchased on market 5,189 convertible notes (CBHGA) at an average price of $539.85,” Stephen Lonergan said last Friday.
“This brings total purchases by the company of these notes since purchases commenced in October 2008 to 97,172 notes at an average price of $314.37.
“All notes purchased have been cancelled and, after yesterday’s purchases, the company has an aggregate of 98,778 notes outstanding of which 50,000 are held by Toho Zinc Co., Ltd, the company’s largest shareholder.”