Financially-troubled Royal Coal Corp. (TSX VENTURE: RDA) (FRANKFURT: RLC), which has coal mines in eastern Kentucky, said May 9 in a brief statement that it has received the resignations of the following directors: Scott Hand, John Ellis, James Ladner, Michael Rousseau, Dino Titaro and Elia Crespo.
The company said in the May 9 statement that it has also received the resignation of CEO Robert Heuler.
Royal Coal previously announced on April 24 that it had received the resignation of Jeff Lowe as company CFO.
Royal Coal is a coal exploration and production company, headquartered in Toronto, Canada, with a regional office in Hazard, Ky. Royal Coal said April 19 that it will be delayed indefinitely in the filing of its annual financial statements for the year ended Dec. 31, 2011, and related documents. “The indefinite delay in filing the 2011 Annual Filings will occur as a result of the Company’s current inability to fund the operation of its business, including the costs of completing the 2011 Annual Filings,” the company added at the time.