Just last week we saw how the Hodges lackeys and wannabe usurpers in charge at Minera IRL (IRL.to) (MIRL.L) took two days to disclose an important material event, i.e. the resignation of the company’s CFO.
Today the same thing is happening. This time the directors are trying everything they can to avoid disclosing to the market that earlier this week a group of concerned shareholders filed all the official documentation calling for an EGM, with the intention of voting down the current board, kicking them out and replacing them with a new team of directors. These are of course the same sneak thieves who said they were providing new and necessary transparency at the company.
Therefore IKN asks: When are you going to have the common decency to tell the market about the EGM and the proxy slate, Hodges/Higgins/Pinto/Fryer/Jones?
UPDATE: Hi guys!
UPDATE 2 three hours later:
October 09, 2015 14:03 ETMinera IRL Limited Announces That a Group of Shareholders Are Calling for an Extraordinary General Meeting of the Company
LIMA, PERU–(Marketwired – Oct. 9, 2015) – Minera
IRL Limited (“Minera IRL” or the “Company”)
(AIM:MIRL)(LMA:MIRL)(TSX:IRL) announces that a group of shareholders
(“Proposing Shareholders”) have requested the Company to call for an
Extraordinary General Meeting (EGM).The
Proposing Shareholders are seeking to requisition an EGM to consider
special resolutions to appoint six new directors: Messers. Leonard
Harris, Julian R. lngham, Diego Benavides, Jorge L. Ramos, Frank S.
O’Kelly and Jesus A. Lema and to remove Messers. Robin Fryer, Douglas
Jones and Jaime A. Pinto as directors of the Company. If successful,
this would have the effect of removing all of the independent
non-executive directors and replace them with six appointees of the
Proposing Shareholders.The Company is currently considering this request and a further announcement shall be made in due course.
Isn’t this fun?