Kalahari seeks to purge Extract board
Wednesday, 4 February 2009
KALAHARI Uranium has moved to oust a former Rio Tinto staffer from the board of Extract Resources.
Kalahari, which holds a 39% stake in Extract, has called for a shareholder meeting to move resolutions to oust Extract directors John Main and Steve Sikirich.
Main, the new non-executive director of Extract, is a former Rio Tinto employee and was recommended to the board by Rio, a major shareholder in Extract.
In a statement to market Extract said it had been informed by solicitors that Kalahari had filed documents in the Western Australian Supreme Court in relation to Main’s appointment.
On Monday, Extract chairman Robert Buchan was voted from the company’s board after Kalahari called for his sacking.
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