Apollo Announces Board Changes with Effect from 8 July 2016
July 07, 2016 at 01:24 pm IST
Apollo Minerals Ltd announced it has completed the first stage of the recapitalisation of the Company, raising $1.7 million (before costs) through the issue of 34 million shares at 5 cents per share. As previously announced, and with effect from 8 July the Board will include two newly appointed directors, with Mr. Ian Middlemas as Chairman and Mr. Mark Pearce as a non-executive director. Mr. Richard Shemesian will remain on the Board as a non-executive director. Mr. Eric Finlayson and Mr. Guy Robertson have resigned as Directors of the Company with effect from 8 July 2016. Mr. Robertson has also resigned as Company Secretary, following the appointment of Mr. Clint McGhie as Company Secretary.