Lindian Resources (ASX:LIN) received notice that shareholder Kabunga Holdings, which has at least 5% controlling interest in the company, called for a general meeting, according to a Wednesday filing with the Australian bourse.
The meeting is called to consider resolutions regarding the appointment and removal of certain directors, the filing said.
Additionally, the meeting will consider the resolution to remove any director appointed by the Board between Jan. 13, and the meeting's conclusion, the filing added.
To avoid unnecessary costs, Lindian proposes to add the additional resolutions to its general meeting scheduled on Feb. 11, and has advised shareholders to vote against all resolutions proposed by Kabunga Holdings, the company said.
Company shares rose 4% in recent trade.
Price (AUD): $0.09, Change: $+0.0040, Percent Change: +4.44%
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