Guyana Goldfields CEO to exit as company reaches proxy fight settlement with founder

Troubled junior gold company Guyana Goldfields Inc. has agreed to replace its chief executive officer and is parting ways with three board members, as it reached a proxy settlement with a group of dissident shareholders.

Since January, Guyana has been locked in a bitter proxy fight with a group led by the company’s founder, Patrick Sheridan, who proposed replacing the company’s entire slate of seven directors. Mr. Sheridan, who founded the company in the 1990s, was fired by Guyana last year, and the company has since accused him of poor managerial performance, conflicts of interest and ethical lapses.

The pending exit of Mr. Caldwell is an about face for Guyana’s board of directors who only a few days ago said it was solidly behind him. “He did a fabulous job building the Aurora mine in the first couple of years and he’s kinda victim to a legacy item that didn't get uncovered til now.”

globebusiness I MEAN 'CASH FOR ACCESS!!''SHADY DEALS!!'COMMUNIST CHINESE STATUE!!''NATIONAL SECURITY THREAT!! UNETHICAL!' TRUDEAU FINISHED WHAT HIS 'CORRUPT!!' FATHER STARTED, Jr SOLD OFF THE LAST OF CANADA GOLD RESERVES AND NOTHING SAID SO IF GOLD IS SO WORTHLESS WHY DO STORIES ON GOLD!!

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Henry Bloch, co-founder of tax company H&R Block, dies at 96Henry Bloch, who helped found tax preparation giant H&R Block, died Tuesday at age 96, the company announced. First taxes, now death. There's no escaping either. Bloch = Block? 🧐 Only two truths in this world are death and taxes.
Herkunft: CP24 - 🏆 30. / 67 Weiterlesen »

REAL SCOOP: CEO of criminal encryption company hid $80 millionRichmond resident Vincent Ramos’s underworld nicknames were “CEO” and “Business.” He was so successful in providing encrypted BlackBerries and other electronic devices…
Herkunft: VancouverSun - 🏆 49. / 61 Weiterlesen »

Canada’s anti-spam law used against former CEO of coupon marketing companyCRTC says Conley is the first individual to be held liable for violations committed by a corporation
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »

Coastal Contacts founder Roger Hardy back in eyewear business with U.S. acquisitionVancouver entrepreneur is getting back into the online eye wear business five years after selling his publicly traded company globebusiness
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »

Coastal Contacts founder Roger Hardy back in eyewear business with Toronto acquisitionVancouver entrepreneur is getting back into the online eye wear business five years after selling his publicly traded company
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »