SolGold PLC - Ecuador-focused copper and gold exploration company - Chair Liam Twigger will not seek re-election at the forthcoming annual general meeting in December. Twigger became chair in August 2020 upon the resignation of predecessor Brian Moller. SolGold will commence its search for Twigger's replacement "immediately" and will provide updates "in due course". Company says Non-Executive Direcor James Clare will also step down at the AGM after five years in the role.
Twigger and Clare say: "Our time at SolGold has been marked by significant progress and the consolidation of the Cascabel project. The company's current trajectory is highly encouraging. Following the AGM, we believe it's the right moment for us to step aside, confident in SolGold's ability to further advance Cascabel and the ongoing strategic review on parallel paths."
Current stock price: 9.37 pence, up 1.2% in London on Friday
12-month change: down 49%
By Emma Curzon, Alliance News reporter
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SolGold (SOLG)