28/07/2008 - 17:20

West Australian Metals seek legal advice

28/07/2008 - 17:20

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West Australia Metals Ltd is seeking legal advice over a letter mailed out to shareholders from requisitioning parties over the removal of a company director.

West Australian Metals seek legal advice

West Australia Metals Ltd is seeking legal advice over a letter mailed out to shareholders from requisitioning parties over the removal of a company director.

The mail out from Vargas Holdings Pty Ltd, Kaliara Nominees Pty Ltd and Mallee Minerals Pty Ltd comes a week before shareholders are due to meet.

The parties, headed by Vladimir Nikolaenko, have called for a meeting to oust non-executive director Terry Shanahan and appoint Gary Stokes, Kevin Judge and David Sanders as directors.

West Australian said it believed the letter contained material misrepresentations.

"The board is receiving legal advice in relation to the letter and will update the market upon receiving that advice," West Australian said.

The board also urged shareholders to disregard and take no action to the letter.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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