A group of shareholders of MacDonald Mines (COATS) have called a special shareholders meeting to elect a new board of directors. The group says that the previous board resigned at the beginning of the year leaving the company without officers, directors or a transfer agent.
The company, which has been burdened by several lawsuits in the past, has completed a settlement with the company’s previous lawyer who had a bill outstanding. Also, arrangements have been made to re-acquire 49.9% of Les Mines Gallen which was the main asset of MacDonald. Les Mines Gallen is a shut down zinc mine in Quebec. The meeting is set for Aug 26 in Montreal, Que.
Be the first to comment on "MacDonald Mines"