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I also have concerns of VN Meanwhile, Namibian uranium hopeful Reefton Mining will be searching for a new chief executive.
The incumbent and former Iluka executive Simon Gilbert quit on Friday. This came three weeks after the departure of long-time managing director Vladimir Nikolaenko.
The junior has been facing problems getting its exploration licences renewed in Namibia. Industry observers say Mr Gilbert may have been uncomfortable at a junior explorer after being used to a large mining company
-----------------------------Source: News Bites
Magna Mining NL appointed Michael Higginson as a non-executive director on July 14, 2008.
Vladimir Nikolaenko has resigned as a director due to other business commitments. He indirectly holds 4,281,969 shares and 10,500,000 options.
------------------------------------Dear Sir
NOTICE OF REQUISITION OF A GENERAL MEETING
The Company advises that it has received a request to call a general meeting of shareholders
from Kaliara Nominees Pty Ltd, Mutual Holdings Pty Ltd, Mafaking Nominees Pty Ltd and
Vargas Holdings Pty Ltd (being entities associated with Vladimir Nikolaenko) seeking the
removal of Messrs Getley, Hands and Tambyrajah as directors of the Company.
The request for general meeting is attached to this notice.
The Company is reviewing the request and will keep the market informed of any
developments.
Yours Rusina Mining------