General Moly Grants Leave of Absence to Chairman of the Board

General Moly Inc. (TSX:GMO,NYSEMKT:GMO) announced that Chairman of the Board Patrick M. James’ request to be granted a leave of absence for a period of time not to exceed six months has been approved.

As quoted in the press release:

In addition, on February 6, 2015, the Board of Directors adopted an amendment to the ompany’s Amended and Restated Bylaws by affirmative vote of a majority of the directors, to permit the Board to grant a leave of absence to a director for a specified period of time that shall not exceed six months. The amendment gives the Compensation Committee discretion to determine appropriate adjustments to compensation and stock awards with respect to any director granted a leave of absence.

Click here for the full General Moly Inc. (TSX:GMO,NYSEMKT:GMO) press release