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ASX minnow Bryah Resources has called for Takeovers Panel intervention, claiming a group of allegedly associated shareholders is attempting to topple its board.

Small Caps

The Australian Takeovers Panel has yet to decide whether to consider an application to remove two members of the Bryah Resources (ASX: BYH) board.

Bryah received notice from shareholder Yonglu Yu in late May requesting that a meeting be called to consider resolutions to remove the two directors and to appoint nominees of Mr Yu in their place.

Mr Yu – a client of GBA Capital, which assisted Bryah to complete a two-tranche placement earlier this year – reportedly held 11.84% voting power in Bryah as of late May.

Investair

Bryah Resources Seeks Takeovers Panel Intervention Over Alleged Shareholder Association

Bryah Resources (ASX: BYH) has applied to the Takeovers Panel regarding its affairs, alleging that a group of shareholders connected to GBA Capital are attempting to take control of the company's board.

Townsville Bulletin

Bryah Resources (ASX:BYH) has purchased a 0.75% smelter royalty over two mining leases and four exploration licences that form part of the Bryah Basin manganese project.

The royalty relates to manganese rights over the existing 3.066Mt at 20.2% manganese resource at Bryah Basin, purchased in return for 100 million BYH shares.

news.com.au

Making news…

Bryah Resources (ASX:BYH) has purchased a 0.75% smelter royalty over two mining leases and four exploration licences that form part of the Bryah Basin manganese project.

The royalty relates to manganese rights over the existing 3.066Mt at 20.2% manganese resource at Bryah Basin, purchased in return for 100 million BYH shares.

The Australian

Bryah Resources (ASX:BYH) has purchased a 0.75% smelter royalty over two mining leases and four exploration licences that form part of the Bryah Basin manganese project.

The royalty relates to manganese rights over the existing 3.066Mt at 20.2% manganese resource at Bryah Basin, purchased in return for 100 million BYH shares.

The Courier Mail

Bryah Resources (ASX:BYH) has purchased a 0.75% smelter royalty over two mining leases and four exploration licences that form part of the Bryah Basin manganese project.

The royalty relates to manganese rights over the existing 3.066Mt at 20.2% manganese resource at Bryah Basin, purchased in return for 100 million BYH shares.

Stockhead

Making news…

Bryah Resources (ASX:BYH) has purchased a 0.75% smelter royalty over two mining leases and four exploration licences that form part of the Bryah Basin manganese project.

The royalty relates to manganese rights over the existing 3.066Mt at 20.2% manganese resource at Bryah Basin, purchased in return for 100 million BYH shares.

The Cairns Post

Bryah Resources (ASX:BYH) has purchased a 0.75% smelter royalty over two mining leases and four exploration licences that form part of the Bryah Basin manganese project.

The royalty relates to manganese rights over the existing 3.066Mt at 20.2% manganese resource at Bryah Basin, purchased in return for 100 million BYH shares.

Business News

Today’s board moves wrap includes Albert Thamm, William Witham, John Konstantopoulos, Bernie Ridgeway, Harvey Farrington, Greg Hill, Benjamin Donovan, Harry Spindler, Yasmin Broughton, Alan Armstrong and more.