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BWA Group PLC on Friday said that Chair Richard Battersby will step down from his role immediately, due to medical reasons.
BWA is a London-based minerals exploration investment company, with licences in both Cameroon and Canada.
Board member James Butterfield will take on the role of chair on an interim basis, the company said. Meanwhile, Battersby will remain on the board in a non-executive capacity before retiring at the end of October this year.
BWA shares were untraded at 0.475 pence each in London on Friday afternoon.
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