Gold One to streamline its board
JUNIOR gold miner Gold One announced on Monday that it was to streamline its board, reducing the number of directors to seven from 11.
This announcement follows the December 29 expiry of an agreement between Gold One and its 89.087% shareholder, BCX Gold Investment Holdings, that the board should consist of 11 members.
“Gold One is entering a new phase of its strategy prior to an anticipated Hong Kong listing. BCX and the board have expressed their sincere gratitude to the outgoing directors for their contributions to the company, their industry expertise, their experience, and their guidance to management over the years during which they have served as directors,” acting CEO Christopher Chadwick said.