Embattled Victory Mines has refreshed its board as the explorer fights to lift a suspension imposed by the ASX.

Terence Clee, James Ellingford, and Mathew Perrot have each resigned from Victory’s (ASX:VIC) board effective immediately, investors were told.

They will be replaced by Rohan Dalziell, Alec Pismiris, and David Sanders.

Mr Sanders, who is also on the boards of Force Commodities (ASX:4CE), Caeneus Minerals (ASX:CAD) and Pura Vida Energy (ASX:PVD), has more than 20 years’ experience in corporate law, M&A, and capital raising.

Investment banker Mr Pismiris also sits on the boards of Agrimin (ASX:AMN), Aguia Resources (ASX:AGR), HotCopper Holdings (ASX:HOT), and Pelican Resources (ASX:PEL).

In the end of the December quarter Victory Mines – which is currently suspended by the ASX — had just $78,000 in the bank.

Subsequent to the December 2018 quarter end, the Company said it was “assessing several options to raise capital” and relist on the ASX.

Featured Companies

You might be interested in