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Lydian intends to bolster board with mining appointee

The firm noted it intends to appoint new director Victor Flores, following the upcoming annual general meeting on June 12, 2019

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Lydian announced that it intends to bolster its board with mining appointee, Victor Flores

Lydian International Limited (TSE:LYD) (OTCMKTS:LYDIF) announced Thursday that it intends to bolster its board with appointee Victor Flores, following the upcoming annual general meeting on June 12, 2019.

The company announced that due to timing limitations under Jersey law, its board cannot add Flores to the notice of annual general meeting, management information circular and form of proxy for the AGM, but if the directors as set out in the notice of annual general meeting are elected at the AGM, they currently intend to appoint Flores to the Board immediately following the AGM.

READ: Lydian bolsters board with CFO appointment

Flores is a mining consultant who advises mining companies and investment managers. Previous roles of his include being a partner at Paulson & Co and co-portfolio manager of the PFR Gold Fund, responsible for the firm's gold mining investments.

Prior to this, he was a managing director and senior gold analyst with HSBC Securities (USA) from March 1998 through November 2009, and served as portfolio manager and analyst at US Global Investors from January 1988. 

Contact Katie Lewis at [email protected]

Quick facts: Lydian International Ltd.

Price: 0.075 CAD

TSX:LYD
Market: TSX
Market Cap: $57 m
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