5 Jul 2010

De facto board appointed by Sundance

6:26 pm on 5 July 2010

Sundance Resources has appointed a de facto board of directors as the company prepares to lift a voluntary suspension on its shares.

Trading in shares of the Australian mining company was suspended on the Australian Stock Exchange after six board members were killed in a plane crash in Africa on 19 June.

Three Sundance strategic directors and mining industry leader Barry Eldridge declared themselves as de facto directors, after consultation with major shareholders the Australian Securities and Investments Commission and the ASX.

New chairman George Jones says the company will apply to the ASX to lift the voluntary suspension of its shares within a fortnight.