JSE-listed Village Main Reef Gold Mining Company, in which Bernard Swanepoel’s company To the Point Investments has acquired a 47,8% stake has made further changes to the board of directors.

Shareholders were informed on Friday that Harmony Gold CEO Graham Briggs, and Frank Abbott resigned from the board of directors of Village with effect from July 15.

Michael Pleming was appointed as an independent nonexecutive director to the board with effect from July 17, 2008.

Consequently, the board consisted of Swanepoel, CS Halsey, D Ncube, and Pleming.

As To the Point Investments held more than 35% of the issued share capital of Village, it was also obliged to extend a mandatory cash offer to minority shareholders. This could not be less than what was paid to other shareholders previously, which was 100c a share.