Blitzz,
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My view was formed from reading the OGX notice of 3 October 2018 released to the ASX.
I copy the first two paragraphs below.
ASX/Media Release – 3 October 2018
Appointment of Director
Orinoco Gold Limited (ASX: OGX) (Orinoco or the Company) is pleased to advise that Mr Francisco Barreto has been appointed as a non-executive Director, effective immediately.
Mr Barreto was nominated to the Board of Orinoco by Cartesian Royalty Holdings (Cartesian) to join Andrew Allan as their two agreed upon board representatives under the Gold Fund Agreement and Variation. Mr Barreto will replace Mr Jeremy Gray as a representative of Cartesian on the Board. Mr Gray will remain on the Board in his role as Managing Director.
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OGX Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held