Orinoco Gold chairperson quits

Embattled gold miner Orinoco Gold has reported the resignation of nonexecutive chairperson Adrian Byass and nonexecutive director Andrew Allan, only days after administrators were appointed.

Orinoco at the end of last week appointed administrators after the ASX suspended share trading of Orinoco shares, saying that the company’s financial condition was not adequate to warrant its continued quotation under the current listing rules.