Indochine Mining (ASX:IDC) will release a resource statement for the company's Mt Kare Project in Papua New Guinea when it exits a trading halt by 4 August 2014.
Today, the company advised it was in discussion with a substantial shareholder regarding future funding and the servicing of its creditors and loan providers.
Chairman Hugh Thomas resigned as well as Robert Thomson a non-executive director and Stephen Promnitz as chief executive officer with immediate effect.
The company has appointed Dermott McVeigh as an interim director and chairman of the company.
He has over 15 years’ experience as a restructuring specialist in the Mining and Mining Service Industry.
News: Indochine Mining to release resource statement for Mt Kare in PNG
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