Graynic Metals

A major boardroom shakeup is believed to be imminent at Subiaco-based laterite nickel explorer Graynic Metals.

Cazaly Resources managing director Clive Jones has been appointed as non-executive chairman of Subiaco-based Graynic Metals, taking over from Ivan Hoffman who has resigned for personal reasons.

Delivering big returns for investors was made to look easy this year by tungsten developer, Wolf Minerals.

Subiaco-based base metals explorer Graynic Metals Ltd has appointed Indian Ocean Capital to underwrite options worth $2.4 million, which are due to expire on October 31 this year.

Announce that 2,894,568 fully paid ordinary shares will be released from escrow on June 30, 2007.

The market may be getting the jitters over commodity prices but there are still a host of resources-related floats seeking to make the most of the buoyant capital markets.