Kingsgate survives spill motion

KINGSGATE Consolidated’s incumbent board headed by executive chairman Ross Smyth-Kirk has reportedly survived a board spill, the second such survival act performed by a long-standing ASX resource sector company stalwart in recent months.

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Ross Smyth-Kirk

The spill motion initiated by disgruntled Kingsgate shareholder Metal Tiger was unsuccessful, with all Kingsgate directors to remain, though actual vote results yet to be seen on the ASX platform.