30/01/2017 - 15:21

Birimian stakeholders call for board spill

30/01/2017 - 15:21

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Shareholders owning a combined 6.5 per cent in Birimian have called for the replacement of two directors on the lithium explorer’s board, a week after a $107 million cash offer for the Perth-based company's flagship project fell through.

Shareholders owning a combined 6.5 per cent in Birimian have called for the replacement of two directors on the lithium explorer’s board, a week after a $107 million cash offer for the Perth-based company's flagship project fell through.

Birimian said in a statement today it had received notice from a number of shareholders including Curtis Abbott, Michael Bond, Alexander Mlaco, Peter Yoon Pin Loh and Bruce Abbott, who are collectively seeking the appointment of Michael Langford and James McKay as directors of the company to replace Winton Willesee and Hugh Bresser at a general meeting.

The shareholders hold a combined 6.57 per cent of Birimian’s issued share capital.

“The company will look to call a meeting of its members within 21 days of the date that the notice was received by the company and otherwise hold the meeting in accordance with the requirements of the Corporations Act,” Birimian said.

It follows news last week that the company had ended negotiations for the sale of its Bougouni lithium project in Mali to a Chinese bidder for $107 million in cash, after the interested party failed to make a deposit deadline.

Birimian shares were unchanged at 34 cents each at the close.

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