The new board of Vancouver-based Eastern Platinum on Friday announced that it is reviewing a transaction in which the previous board and management bought out the minority interests in all the company’s assets.
The newly reconstituted board, proposed by Hong Kong-based activist shareholder Ka An Development was formed on Tuesday following a shareholder meeting, and advised that it would be reviewing the company’s current care-and-maintenance programme and its potential strategic alternatives, including the proposed sale of subsidiary Barplats Mines, which held the Crocodile river Mine (CRM), in South Africa.
