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    Golden Mile Resources (ASX:G88) announces a board change

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    Golden Mile Resources (ASX:G88) has just announced a change to its board.

    Golden Mile Resources advises that Non-Executive Director Phillip Grundy has announced his resignation from the Company affective from today's date in order to focus on his other professional commitments.

    The Board extends its thanks to Mr Grundy for his dedicated service to the Company since his appointment in 2016.

    Shares of Golden Mile Resources have stable following the announcement.

    Any change in the make-up of a company?s board can have an impact on a company?s stock price.

    Generally, age-related turnovers and voluntary resignations have a marginal impact on the share price.

    However, when either the Chairman or another board member is ousted, this can have a significant impact on the stock price.

    As the role of the board is to endorse the strategy of the business, changes to the board can have an impact on the strategic direction of the company and therefore it?s future profitability.

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