IBG 0.00% 0.3¢ ironbark zinc ltd

Ann: Trading Halt, page-23

  1. 2,962 Posts.
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    I take it, this now removes some of the uncertainty around the financing going forward as JD alluded to in his last Quarterly report. Hopefully, there are no more distractions and it will be smoother sailing now this case has been settled!

    "The Board of Ironbark decided not to appoint a replacement Glencore nominee director and
    have informed Glencore of that decision. This decision was not made lightly and while Mr. Kelly
    became a valuable member of the board, the apparent lack of interest in supporting Ironbark’s
    recent financing activities of the Citronen project by Glencore was not only increasingly difficult
    to explain to participants in fundraisings but Glencore’s influence had a potential impact on
    other parties interested in participating in the development of the project."

    .
 
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