Board spill a delaying tactic to repay A$1m – Empire

The directors of gold junior Empire Resources have urged shareholders to vote against a proposed board spill at the company’s general meeting on July 24, saying that the requisition is a delaying tactic by parties owning the company A$1.02-million. The Supreme Court of Western Australia earlier this week dismissed an injunction brought about by Empire’s joint venture (JV) partner, Brimstone Resources, to prevent the company from taking action under the mortgage and security documents over its interest in the JV and other properties, after Brimstone failed to make a A$1.02-million repayment to Empire.