Roxgold and Oliver Lennox-King Enter Settlement Agreement

Roxgold Inc. (TSXV:ROG) and Oliver Lennox-King have entered into a Settlement Agreement that terminates their proxy dispute on mutually agreeable terms, and have agreed on a new board of directors.

As quoted in the press release:

Under the terms of the Settlement Agreement, the Company and OLK have agreed on a new Roxgold board of directors to be constituted by the five members of OLK’s slate, namely Messrs. Lennox-King, Walter Segsworth, Jonathan Rubenstein, Richard Colterjohn and Joseph Spiteri, and two representatives of management’s slate, namely Messrs. John Knowles and Gordon Pridham.

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