Pepcap Resources Inc. announced that at its Annual General Meeting held on December 13, 2017, approved the election of Claus Andrup, Edward Rochette and Margaret Wee as directors for the upcoming year. The company also announced that it has received and accepted the resignation of Mr. Claus Andrup as President and Chief Executive Officer and a Director of the company. The resignation will take effect immediately.

The company has further received and accepted the resignation of Gavin Cooper as Chief Financial Officer of the company. Mr. Cooper will continue as a consultant while the company searches for his replacement. The Board reported that it will appoint and announce replacements for Mr. Andrup and Mr. Cooper in early 2018.