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BRIEF-Magnetite Mines Announces Termination Of Framwork Agreement And Board Changes

Published 03/09/2018, 11:28 am
Updated 03/09/2018, 11:30 am
© Reuters.  BRIEF-Magnetite Mines Announces Termination Of Framwork Agreement And Board Changes

Sept 3 (Reuters) - Magnetite Mines Ltd MGT.AX :

* GORDON TOLL RESIGNS AS EXECUTIVE CHAIRMAN, DIRECTOR AND CEO

* REFERS TO FRAMEWORK AGREEMENT BETWEEN CO , COFFEE HOUSE GROUP LTD , LODESTONE EQUITIES LTD AND TOLL RESOURCES LTD

* APPOINTS PETER SCHUBERT AS CHAIRMAN

* BOARD WILL UNDERTAKE RESPONSIBILITIES OF CEO UNTIL CANDIDATE IS FOUND

* TERMINATES FRAMEWORK AGREEMENT BETWEEN SAID PARITES

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