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Karelian Diamond Resources

  • BY: Andrew Hore |
  • POSTED: 03/06/2019 |

Karelian Diamond Resources has received a requisition for a general meeting but says it is not valid. 

The requisition is to remove Professor Richard Conroy, Maureen Jones, Seamus FitzPatrick, Dr Sorca Conroy and Louis Maguire. The directors own 22.1% of Karelian.

They would be replaced by Alan Osbourne, Stephen Grimmer, Martin Doyle and Kevin Taylor. Osbourne owns 4.32% and Taylor 3.06%.

An updated requisition is likely to be lodged with the diamond project developer. There are three projects in Finland.

The share price has fallen by 96.8% over ten years. 

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