The board of Finders Resources has been overhauled after Indonesian group Eastern Field Developments increased its stake above 90 per cent in its $177 million takeover of the copper miner, with David Fowler appointed as a director and acting chief executive.
The independent directors of Finders Resources have questioned some of the claims and assumptions used by Indonesian group Eastern Field Developments, which has announced a takeover offer for the West Perth company.
Finders Resources has secured $14 million to put towards upgrading and restarting its copper processing plant on Indonesia's Wetar Island, as well as completing a feasibility study for the Wetar co