LONDON, July 15 (Reuters) - The chief executive of SolGold PLC said on Wednesday he was confident he could fend off a call by its shareholder Cornerstone Capital Resources to remove SolGold’s board.
Cornerstone said earlier on Wednesday it intended to urge SolGold shareholders to replace the board, a day after rejecting the London-listed miner’s takeover offer for the second time.
“It seems to be an unnecessarily destabilising initiative,” Nick Mather told a webinar, adding that he was not sure of the motivation but he was “confident of defending such an attack”.
Reporting by Zandi Shabalala; Editing by Edmund Blair
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