Rapier Gold Inc. said March 31 that it elected a new board following its annual general meeting.

The new board comprises replacement directors nominated by shareholder Delbrook Capital Advisors Inc., namely Darren Blasutti, Paul Parisotto, David Lotan and Lorie Waisberg.

The company also appointed David Lotan as acting CEO, replacing the ousted Roger Walsh.

Rapier's board will conduct a detailed review of the company to determine what changes, if any, would be desirable in light of existing circumstances.