TSXV:SGA.H - Post by User
Post by
Goldbuggy2on Apr 23, 2007 3:54am
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Post# 12655968
Our Chairman resigned from Michelago because
Our Chairman resigned from Michelago because1 March 2006
Company Announcements Office
Australian Stock Exchange Limited
Exchange Square, 20 Bridge Street
SYDNEY NSW 2000
Dear Sir/Madam
Resignation of Director
The Board of Directors advises that Mr Stephen Everett has today resigned as a director of Michelago Ltd and its group companies.
Stephen is the Chairman of Australian Solomons Gold Pty Ltd (ASG) which is 38% owned by Michelago.
Stephen has resigned from the Michelago Board in order to ensure that there is no perception of conflict as ASG moves forward with its intention to seek a public listing in the near future.
Michelago wishes Mr Everett and ASG every success in these endeavours. Michelago remains separately represented on the ASG Board of Directors by Michelago’s Technical Director, Mr Peter Secker.
Stephen has been a director of Michelago since May 2003 and his broad project acquisition, development and financing skills have been of great assistance to the Board, during a very challenging period in the Company’s development. The Board expresses its sincere thanks to Mr Everett for his contribution to the Company.
Yours sincerely
Michelago Limited
John Horan
Chairman