Paramount receives board challenge

The board of Perth-based diamond explorer Paramount Mining Corporation Ltd will face a challenge for its incumbency, after receiving a request to convene a shareholder meeting to vote on the appointment of three new directors.

The full text of a company announcement is pasted below

The Company wishes to advise that it has received a Notice of Requisition of Meeting pursuant to section 249D of the Corporations Act.

The Notice requests the Company to convene a meeting for the purposes of putting resolutions before shareholders concerning the removal of existing directors Maureen Muggeridge, Dr Bram Janse and Charles Devenish and the appointment of new directors Kyle Bradley Haynes, Michael Anthony Robson and David Grant Sanders.

The Company is currently taking instructions from legal counsel on this matter and will be making further announcements in due course