Former Otago gold explorer Glass Earth Gold is revamping the
company, with sweeping management changes, a share
consolidation and a new name.
As New Zealand's largest gold explorer, Glass Earth's initial
emphasis was seven years of exploration around Otago where it
spent the bulk of $40 million, before resetting its sights to
gold prospects in the Central North Island, about two years
ago, and quitting Otago.
Glass Earth Gold, which is listed on the Toronto and New
Zealand stock exchanges, will soon be rebranded as Antipodes
Glass Earth shareholders had approved a consolidation of
share capital late last year, to swap 10 old shares for one
new; leaving the company with 10.56 million ordinary shares
New chief executive Thomas Rabone said Glass Earth would
focus exploration in the Hauraki region, its priority being a
joint venture with Newmont at the WKP prospect, which Glass
Earth would manage.
Glass Earth has dropped the adjacent Neavesville prospect.
Leaving Glass Earth's board is John Dow, Paul Jones and Peter
Liddle, with chief executive Simon Henderson becoming
exploration manager, Adrian Fleming appointed chairman and
Justin Cochrane appointed a director.