An open email to Richard Meschke, Vice President, Legal & Corporate Development
posted on
Jun 14, 2011 12:42AM
WITHOUT PREJUDICE
An open email to Richard Meschke, Vice President, Legal & Corporate Development, Century Mining Corporation.
Good day Richard;
In the past year we have had amicable business like discussions on the investment affairs of Century Mining.Today, I indicate to you that we are on different paths.As such, I feel it is appropriate that you understand this from the outset.
Within the past few days, a listing has been published showing that you are soon to lose the value of some of your Company issued incentives, namely, 100,000 options.The remaining 1,125,000 have substantially diminished in value and as such do not hold the incentive value that you once thought you had.
You have now joined the ranks of the Minority Retail Shareholders who find their shares being diluted, their value severally reduced and the risk of their investment being jeopardized.Like us, I am sure you are disappointed at this turn of events that were not of our making.
As a Named Executive Officer and your active daily role in the management of Century Mining, it must be very disconcerting and confusing for you and other Named Executive Officers to watch this occurrence,yet at the same time participate, in actions which I feel are contrary to the benefit of ALL shareholders.
I approach you with our obvious joint concerns and trust that you will take them under your personal advisal to act as you see appropriate.
Regards
(signed)