Clash at Crusader

THE troubles facing Crusader Resources continue with a group of shareholders sharpening their knives and seeking a clean-out of the board at the same time as major shareholder Stephen Copulos has agreed to pump in an additional A$1 million to deliver a stay of execution, with $3-5 million more to be sought.

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Crusader warned last week it was within days of insolvency, and it is only Copulos Group's decision to subscribe for an additional round of convertible notes "to assist with the company's immediate

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