ASX- and Aim-listed Crusader Resources announced on Friday that MD Marcus Engelbrecht and chairperson Andrew Vickerman would step down from the board and that former chairperson Stephen Copulos would return as director.
The resignation of Engelbrecht and Vickerman, who succeeded Copulos when the company listed in London in April last year, as directors is related to an agreement with the Copulos Group to underwrite $2.5-million of the recently announced $4.2-million rights issue to continue develop the Borborema gold project, in Brazil.