Allied Gold Mining has made a slightly red-faced apology to the Managing Director of GR Engineering Services (GRES) after making allegations against him rather than simply the company in a statement released on August 2nd.
In the statement Allied said its wholly-owned subsidiary, Gold Ridge Mining, was making a claim for $47m that included "$1.15m on account of false and misleading statements by the GRES managing director".
Allied Gold has now apologised to director and co-founder Joseph Ricciardo and "clarifies that the allegations are made against GRES, and not its Managing Director".
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The claim was for, amongst other things, loss of gold production.
The share price was also looking rather red, down 1.99% at 135.75p by 11:38.
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