(An item published at 1536 BST on April 17 incorrectly stated that the transfer was in lieu of a personal debt, due to an error by the issuer. It also should have stated that the transfer of shares to Richard Nolan was from a shareholder, the issuer said. The correct version follows:)
LONDON (Alliance News) - Premier Gold Resources PLC said Thursday that a transfer of 5 million shares to Chief Executive Officer Richard Nolan from a shareholder completed on Wednesday.
The transfer was made pursuant to a court order as a result of a personal arrangement between the parties and was expected to take place on or around March 14, 2014, Premier Gold said in its filing. It was delayed as a result of an administrative error, Premier Gold added.
Shares in Premier were trading down 2.2% on Thursday afternoon.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @hanassallnews
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