VPH makeover completed as Gander resigns and Gillard joins

Well-known business fixer Geoff Gander has stepped down from the board of Lindian Resources Ltd, formerly VPH Ltd, after the company closed a share offer oversubscribed at $1.6 million.

In the place of Mr Gander and director Rob Franco, who has also resigned, comes chairman-of-the-board regular Reg Gillard, who will serve in that capacity with Lindian, as well as Moto Goldmines Ltd exploration manager Greg Smith and Zedex Minerals Ltd company secretary Patrick Flint. Current VPH director Gavin Argyle will remain on the board.

The diamond explorer, which also owns Perth-based internet communications company Mbox.com Ltd, aims to relist under its new name within the week. It will issue 400,000 shares to Congolese company Masters sprl under a joint venture agreement as well as issuing 1.25 million shares and 1 million options to related company Corporate & Resource Consultants Pty Ltd.

Once this is completed, Lindian will have 33.2 million shares on issue and cash reserves of $3.6 million.