Chesser Resources (ASX:CHZ) has announced the full implementation of its arrangement scheme, under which Fortuna Silver Mines is to acquire the complete share capital of the company.

Following the execution of this scheme, the company has informed that Andrew Grove, its Managing Director and CEO, has decided to step down from his post.

Furthermore, Chesser Resources (ASX:CHZ) has submitted an application to be withdrawn from the official list of the Australian Securities Exchange (ASX).

This move is scheduled to come into effect at the closing of trade operations on the 22nd of September.

Chesser Resources (ASX:CHZ) is a mining company that specializes in exploring and developing precious metal resources.