As part of the recent resignations at RFC Resource Finance (TSE), New Kelore Mines (TSE) has also lost its chairman, president and two directors. Chairman Carl Ashenhurst and President Douglas Nicholson have resigned from both New Kelore and RFC. RFC holds a 26% interest in New Kelore.
New Kelore’s only asset is a 25% net profit royalty in Goldpost Resources’ (TSE) Hislop East property near Timmins, Ont., a small gold deposit scheduled for production.
Kerr Addison Mines (TSE), which plans to spend about $3-5 million on development at RFC’s Pend Orielle zinc project in Washington, has appointed Peter Bojtos to act as president of both RFC and New Kelore. Kerr owns a 44% interest in RFC.
Be the first to comment on "New Kelore senior management resign"