|Monday, 30 July 2012|
A SMALL group of investors which owns about 5% of Coppermoly has successfully lobbied to get William Shaw Securities founder Shawn Ulridge on the board as a non-executive director.
In mid-July, the explorer revealed a group of its shareholders was calling for the removal of two of its directors – Coppermoly executive director and company secretary Maurice Gannon and non-executive director Ben Faulkner.
UIridge was part of this group, which also included Sinivit mine owner New Guinea Gold, Rising Bird Investments, geologist William Stanley Yeaman, John Francis Rebbechi, Simon William Tritton and Kimberly Lowery.
This morning Coppermoly announced that Ulridge’s appointment was a unanimous board decision.
“I am pleased that a constructive outcome was able to be achieved and I very much look forward to working with the board of Coppermoly to future success,” Ulridge said.
Uldridge has 12 years of financial markets experience and co-founded WSS in 2006.
The Ulridge-backing shareholders have withdrawn their notices to remove and appoint directors at Coppermoly.
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