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BRIEF-Alderon Iron Ore Says Tayfun Eldem Has Resigned As President And CEO

Published 2020-04-28, 08:36 p/m
Updated 2020-04-28, 08:42 p/m

April 28 (Reuters) - Alderon Iron Ore Corp IRON.TO :

* ALDERON PROVIDES CORPORATE UPDATE

* ALDERON IRON ORE CORP - SPROTT HAS STATED IT INTENDS TO ENFORCE ITS SECURITY AND SEIZE KAMI PROJECT AND ALL RELATED ASSETS

* ALDERON IRON ORE CORP - ANNOUNCES AN UPDATE WITH RESPECT US$14 MILLION LOAN FACILITY

* ALDERON IRON ORE CORP - DID NOT REPAY LOAN FACILITY AS OF MATURITY DATE

* ALDERON IRON ORE CORP - SPROTT HAS BEEN IN A POSITION TO REALIZE ON ITS SECURITY, RESULTING IN COMPANY LOSING ITS INTEREST IN KAMI PROJECT

* ALDERON IRON ORE CORP - TAYFUN ELDEM HAS RESIGNED AS PRESIDENT AND CHIEF EXECUTIVE OFFICER OF COMPANY

* ALDERON IRON ORE CORP - KATE LYNN-GENZEL HAS RESIGNED AS CHIEF FINANCIAL OFFICER OF COMPANY

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