Photo by: Bloomberg
PERTH (miningweekly.com) – Gold developer Indochine Mining went into a trading halt on Thursday as the company announced the resignation of nonexecutive director and chairperson Hugh Thomas, CEO Stephen Promnitz and nonexecutive director Robert Thomson.
The resignations are with immediate effect.
Indochine appointed Dermott McVeigh as an interim director and chairperson.
The remaining nonexecutive directors, Gavan Farley and Craig Dawson, would remain on the board.
Meanwhile, Indochine on Thursday also told shareholders that it had entered into discussions with a substantial shareholder regarding the future funding of the company, and the servicing of its creditors and loan providers.