Canadian project developer Integra Gold has agreed to take a 9.9% position in exploration company Eastmain Resources by making a C$6-million investment to step into the boardroom of a company under siege by activist shareholder Columbus Gold.
The agreement was subject to significant Eastmain board changes, with Integra on Friday stating that it and Eastmain had worked diligently to prepare a new slate of directors to join the three existing independent directors that currently served on Eastmain’s board, during its annual general meeting to be held on April 29.
