AUSTRALIA

Boardroom coups a new risk for juniors

JUNIOR companies in the high-stakes game of petroleum exploration are familiar with many risks, but now a new threat is emerging – the boardroom spill.

Boardroom coups a new risk for juniors

The trend began in 2011, when Cooper Energy faced a requisition from veteran investor Eddie Smith to dump the entire board. Smith led a group of investors holding just 5.6% of capital. He failed to convince...

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