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Overnight, Mineral Commodities announced that its current chairman of the board, Mark Caruso, will step down temporarily.
The reason is that he has been arrested for burglary and violence.
The background to the incident is that Caruso allegedly helped a friend enforce an eviction order and an order to seize the owner of a local friend, according to the report.
Caruso believes that he has acted within all relevant laws and consequently “the allegations will be strongly defended,” the company writes.
In the meantime, he has chosen to resign as president of the company, and now David Baker has been awarded the title of “independent” president. Caruso continues at the same time as his duties as director.
Since the case goes to court there Mineral Commodities will provide more before the case closes, according to the report.
Mineral Commodities announced in August that it was planning a secondary listing on one of the trading venues on the Oslo Stock Exchange. This was approved by the listing committee until last week.
The company is already listed on the Sydney Stock Exchange.
When Mineral Commodities announced that it would be listed on the stock exchange, it also announced that it expected a listing to be completed during the third quarter. There has been no new listing date.
