March 20, 2012 - Aggregates group Pan Pacific has appointed Nicholas Lee to its board after his group Viridas
backed recent fundraising by the Canada-focused quarry owner. Lee is
chairman of AIM-listed investment group Viridas, which bought 12 million
shares in Pan Pacific’s recent placing.
That gave it a 16.52 per cent stake in Pan Pacific, which has a quarry and other aggregates assets in and around Vancouver.
Lee, a former chartered accountant and merchant banker, is also head
of corporate finance at Novus Capital Markets and is a director of a
number of other resources and mining investment companies.
Lynda Chase-Gardener, Pan Pacific’s executive chairman, commented:
"We are delighted that Nick has decided to join the board as a
non-executive director with immediate effect.
Nick has a wealth of investment banking and mining experience which
will enable him to make a significant contribution to the strategic
development of the business."