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The latest from Minera IRL ( (MIRL.L)

Read it yourself, no extra IKN commentary necessary on this one:


Directors and Ex Executive President of Minera IRL Ltd Denounced for Fraudulent Administration, Slander and False Accusation

·        Charges have been lodged against Daryl Hodges, Jaime Pinto, Robin Fryer, Douglas Jones and Carlos Yrigoyen 

·        The individuals named above are currently being investigated by order of the Criminal Prosecutor of Lima

Lima, 22 September 2015, Minera IRL SA and Compañia Minera Kuri Kullu SA, both Companies represented by General Manager Diego Benavides Norlander, have formally denounced Daryl Hodges, Jaime Pinto, Robin Fryer, Douglas Jones and Carlos Cesar Yrigoyen Elejalde.

These individuals are being investigated by the Criminal Prosecutor´s office of Lima (under signed order No. 479-2015), on formal charges of diverse fraudulent administrative acts, planned outside of Peru then executed in Peru against both Peruvian companies.

The investigations will demonstrate that the accused have violated Peruvian law, assuming titles and attributing faculties to third parties in order to administrate the companies, without following proper procedure or legal requirements.  The accused must present themselves in the Public Ministry of Peru, in order to testify in regard to the illegal acts, which may be extended in the wake of ongoing investigations.  Their presence will be required before Peruvian justice through established mechanisms within international law and Interpol.

Daryl Hodges was Executive President of Minera IRL Ltd between the 6 March and the 27 August 2015, until he was retired by a vote of more than 91% against his position by the shareholders of the company.   Jaime Pinto, Douglas Jones and Robin Fryer are the current board, while Carlos Yrigoyen was initially named Vice President of Administration and Finance of Minera IRL SA, then more recently Controller of Minera IRL Ltd.

Minera IRL SA operates the Corihuarmi Gold Mine and is the owner of Compañia Minera Kuri Kullu SA, through which the gold project Ollachea will be developed.  Ollachea is located in Puno, where the Campesino Community of Ollachea named Diego Benavides a Comunero Honorario (Honorary Community Member). 

The charges were presented to the Criminal Prosecutor of Lima on 8 September, thereby opening investigations for 30 days.

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