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Conroy Gold receives request to eject executive chairman, managing director

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Conroy Gold receives request to eject executive chairman, managing director

Conroy Gold & Natural Resources Plc received a request for a general meeting to remove Executive Chairman Richard Conroy and Managing Director Maureen Jones from the board, and appoint Patrick O'Sullivan, Paul Johnson and Gervaise Heddle as new directors.

In addition, 28%-owner O'Sullivan's lawyers requested the company not to appoint new directors or issue shares before the general meeting, according to the Aug. 9 release.

Conroy shareholders recently passed a resolution for the removal of six of the company's nine directors in a meeting requisitioned by O'Sullivan.

A resolution seeking to appoint O'Sullivan, Paul Johnson and Gervaise Heddle as board members, however, failed on the basis of noncompliance with the company's constitution.