Martin Musunka
4 June 2011
Equinox Minerals president and chief executive officer Craig Williams and four other directors have resigned from the board of directors with immediate effect.
Mr Williams, the co-founder of Equinox Minerals, the owners of Lumwana Mining Company, has resigned following the satisfaction of all conditions to the offer by Barrick Gold Corporation to acquire all of the common shares in Equinox.
The other directors that have resigned together with Mr Williams are David McAusland, David Mosher, Jim Pantelidis and Tony Reeves.
According to a statement released yesterday, it has been decided that the number of Equinox Minerals board members be reduced from seven directors to six.
To this effect, the new board of directors comprises Rick McCreary, James Sokalsky, Kelvin Dushnisky and Rob Krcmarov.
The appointments have seen Jennifer Mazin being brought in as assistant company secretary.
Barrick Gold Corporation has acquired all of the common shares in Equinox at a price of C$8.15 per share by way of take-over bid.
Mr Williams, in a statement yesterday, hailed the out-going board for its outstanding contribution, which along with the company’s dedicated management team built Equinox into a leading global mining company.
“The company that I co-founded with the late Dr Bruce Nisbet in 1993 has evolved from a US$10 million junior explorer to a major copper miner valued at over $7 billion. A credit to all involved in driving Equinox over the last 18 years.
“I offer my sincere thanks to all who have worked with me over those exciting and stimulating years,” Mr Williams said.
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Craig Williams, Four Others Resign From Equinox