Gold Circle has completed its independent assessment of the financial sustainability of the company in going forward.

It is necessary for the directors to reiterate their previous statement, that neither the CEO of the company, Mr Michel Nairac, nor any other of Gold Circle’s senior executives were suspected or stand accused of any fraudulent activities.

Gold Circle’s Board of Directors sincerely regrets any negative inferences that may have arisen in relation to Mr Nairac from the instigation of the previously mentioned assessment.

Notwithstanding the above, Mr Nairac has decided to tender his resignation.

Gold Circle wishes him well in the future and looks forward to maintaining both cordial and business relations with him.