re: Ann: Board Changes and Cancellation of Pr... Spoke to Mr Higginson this afternoon, generally I'm not in favour of disclosing such discussions however if it's fine for Middlemas and Pearce to provide their associates with unreleased information regarding their departure I see no issue providing some further information on the sale of the Paron Gold Project.
Latin Gold has not been provided details by Coronet on the nature of the troubles/restraint they've encountered from the local community. Representatives from Coronet will be in Perth this Friday to discuss. There's been no challenge contractually, also bear in mind all the appropriate liscences and approvals to operate the Paron mine are in place. No disputes/issues with the local community out of the ordinary were experienced by Latin during their tenure at the site, they did have a representive on-site as a medium between parties, who has since passed away.
Middlemas and Pearce did not provide a reason for their resignation.
Whilst the above is disapointing, especially as future projects were planned to be brought in by Middlemas and Pearce, I see no point throwing the baby out with the bath water, especially with the company trading at a capitalisation equal to that of the their cash + Coronet equity + the 3.75 mil cash.
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