They’re all friends again, the CEO is on the way out, we all live happily ever after.
TORONTO, April 29, 2019 /CNW/ – Guyana Goldfields Inc. (TSX: GUY)
(the “Company”) today announced that it has reached a settlement with a
group of shareholders who had requisitioned a special meeting of the
Company’s shareholders, including Patrick Sheridan, the Company’s former Executive Chair (the “Requisitioning Shareholders”).As part of the settlement, the Company will appoint two experienced mining executives, Alan Pangbourne and Allen Palmiere,
to join the Board as independent directors, and two long-serving
independent directors will step down. The Company will also implement a
succession plan for the role of Chief Executive Officer.