RE: Question for Looed27 Jan 2021 13:56
Looed is correct,
just received this communication via Email looks like a generic email to all registered shareholders to me.
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FSHG – Frontera Shareholder Group
Dear FSHG Member
Our last email effectively said that we would “hibernate” until we received further substantive news. We also mentioned that the company did not seem to wish to communicate with any shareholder group. However one of our members – and a shareholder with whom we have had previous contact – has suggested we share the following very recent communication:
“Mr. XXXX
Thanks for your message. For your information, Frontera Resources terminated its affiliation with its former CEO, Zaza Mamulaishvili, and removed him from its Board of Directors. The company simultaneously filed an action seeking significant damages from Mr. Mamulaishvili. The company intends to vigorously contest the retaliatory and unmerited action later brought against its Board of Directors by Mr. Mamulaishvili last week and will pursue Mr. Mamulaishvili to the fullest extent of the law in the US and Georgia.
Frontera is in the process of evolving its business plan, including a new management team, and is looking forward to communicating more exciting details shortly.”
We offer no comment whatsoever, but we can confirm that we have seen the entire email exchange. We can also confirm that the email exchange gives the recipient permission to forward the above information to other shareholders.
Best Regards
FSHG Team – January 27th 2021