SolGold Plc. (SOLG.L), a mineral exploration and production company, Friday announced the settlement of legal disputes with its former CEO Darryl Cuzzubbo. The financial aspects of the settlement are not revealed.
As part of the settlement, the U.K.-based SolGold would no longer allege any serious misconduct by Cuzzubbo during his tenure.
Both parties acknowledge that, at the time of his termination, Cuzzubbo's perspective on the company's operations differed from that of the Board.
SolGold has made a payment to Cuzzubbo as part of the settlement, with all other terms remaining confidential.
SolGold is currently trading 1.07% higher at 6.63 pence on the London Stock Exchange.
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