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HIGH Peak Royalties has used its recently-acquired 20.91% stake in rival royalty firm Royalco to try and oust the firm’s founders and replace the board with new directors, saying it has concerns with the oversight of the company and senior management by the current board.
High Peak has not disclosed exactly what the issues are that caused it to lodge the Section 249D notice, but it wants Royalco to appoint directors with significant experience in the oil and gas
Pair to examine co-operation for ethically-sourced high purity alumina
Royalco accepts takeover, more action possible
