Dark Blue Sea [DBS:AX] and Photon Group [PGA:AX] announced today that several DBS board members have resigned.  The director resignations come from Richard Moore, former CEO and most recently Executive Director, Vernon Wills, Chairman of the Board and Joseph Ganim, Director.  Duncan Cornish has also resigned as DBS Secretary.

Photon Group now holds 80.2% interest in shares of  DBS following recent acceptances of the takeover offers. DBS directors had issued a statement confirming their willingness to accept the offer and recommending shareholder acceptance on November 29th.  The takeover offer closes on December 14th.