ASX-listed Troy Resources is undertaking a $26 million recapitalisation in a bid to save the company, after conceding it had found itself in a precarious financial position.
Our board moves wrap includes Leigh Warnick, Marc Ducler, John Jones, Peter Stern, David Varcoe, Graeme Smith, Andrew Barclay, Matt Hardisty, Matthew Banks, Alexander Hewlett, Zane Lewis, Simon Jenkins, Brad Underwood, Mathew Whyte, and Mark Strizek.
Overland Resources has appointed Peter Voulgaris as non-executive director, following the retirement of Hugh Bresser after serving more than 11 years on the board.
A Singaporean group that holds about a 5 per cent stake in Troy Resources has called for a meeting to seek the replacement of the gold miner's board members with its own nominees.
