Oroya Mining Limited Announces Board Changes
a ratio of 100:1 and make the placement under the CPS Offer on a post-consolidation basis. If completed, the CPS Offer will effectively recapitalise the company and enable it to pursue its exploration activities at the Orbost project in Victoria. The CPS Offer is conditional on the key terms (each of which may be amended or waived). In accordance with condition, Oroya confirmed that effective 24 October 2014 Mr. Tim Neesham and Mr. Tony Rechner were appointed as Directors and Mr. Ping Zhao resigned as a Director.