Another key resignation at LionGold
Beleaguered junior miner LionGold Corp’s chief operating officer Matthew Gill has resigned following a “disagreement over operational matters”.
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Anita Gabriel
20 May 2014
Beleaguered junior miner LionGold Corp’s chief operating officer Matthew Gill has resigned following a “disagreement over operational matters”.
The company said his resignation took effect last Friday.
The mining veteran had joined LionGold in September 2012, after it took over Castlemaine Goldfields, where he had been managing director.
Earlier this month, LionGold’s non-executive independent director Gary Francis Paul Scanlan, who is also Castlemaine’s non-executive chairman, stepped down from the board.
Singapore’s Commercial Affairs Department had asked LionGold to provide accounting records and minutes of meetings and resolutions from April 1, 2010 to March 31.
The CAD also sought directors’ e-mails and those of the adviser to the chairman and the e-mail of certain key management personnel.
LionGold is one of several companies under CAD’s sweeping probe into possible breaches of securities laws involving the trading of its own shares and that of two others - Asiasons Capital and Blumont Group - after they crashed last October.
LionGold shares fell 1 per cent to 8.8 cents.
Another linked firm under CAD probe, Innopac Holdings, said the Singapore Exchange has granted it an extension until end July to announce its first quarter results ended March 2014.
The firm has also been given an extension until June 27 to hold its annual shareholder meeting.
Innopac shares fell 8 per cent to end the day at 1.1 cents.