Havilah directors resign after $100m block
SOUTH Australian gold miner Havilah Resources’ (ASX: HAV) non-executive directors Mark Stewart and Martin Janes have resigned. The announcement comes following the company’s Extraordinary General Meeting (EGM) on September 12, when a proposed investment in Havilah of up to $100m by SIMEC was vetoed by the company’s technical director and majority shareholder Chris Giles, through his privately-owned business Trindal, even though the offer had not been blocked by shareholders. In a statement, Mr Stewart and Mr Janes said that they were blindsided by Dr Giles, who had previously given his support for the investment. “The investment was rejected despite the Independent Export Report concluding that ‘the position of Shareholders if the transaction is approved is more advantageous than the position...