Bluebird Merchant Ventures Ltd - British Virgin Islands-based company focused on re-development of historic gold mines - Restructures board of directors after implementing its free carry orientated joint venture focussed business model. Executive Director Barclay and Non-Executive Director Sinclair-Poulton will step down effective immediately. Names Colin Patterson as non-executive director. Jonathan Morley-Kirk to remain as non-executive chair. Aidan Bishop named interim chief executive officer. The new joint venture model will see Bluebird offer billable consultancy and technical expertise, while local partners contribute capital and management. Following restructuring, the company plans to change its name whilst retaining its ticker. Says more details to be provided at upcoming notice of annual general meeting.

Further, the company has entered the final drafting stage for its second project, gold and silver mine Kochang in South Korea.

Current share price: 1.64 pence

12-month change: up 49%

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