Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: Quite a few mornings after the AGM - as we currently sit

Folks

As a handy reference, I modified the previous list based on the input from other posters just to see our current situation with the % of ownership from various parties and composition of the BOD. Please note that this is not an official list, and the information has not been verified. The % was based on OS of 109M. Feel free to fill in the blanks, supply the answer to the "?", and correct any erroneous info or math errors.

Institutionals

18.0%, Marquest Asset ... 19.6 M (did they send in anyone to sit at the BOD table?)

16.5%, Champion Iron ...18.0 M

13.4%, Pathway ...14.6 M (other posts say that Pathway holding is included in Marquest, does that mean Marquest + Pathway = 18% total? This is an important question, hence the info should be linked to a verifiable source).

7.1%, Pinetree Capital ... 7.7 M

Retails

No data, but from a recent post by Rago, here are some

5.5%, Sheridan has 6.0M

2.3%, Rago...2.5M

Anyone else with a sizable chunk?

Board Directors

2.4%, Smith (Peter H).2.6M Chairman & VP Exploration, 1986

0.47%, Sayer (Michael)509.0 K, 1996

0.26%, Lafleur (Jean)284.0 K President & CEO, 19 Jan 2012, (CHM appointee)

0.2%, Dubuc (Gilles G)226.7 K 1998

0.13%, Chapman (Debra)150.0 K CFO, was Corp. Sec.?, 1991

0.1%, Kamaleddine (Fouad)122.0 K VP R&D, 2009

0.0%? Ankcorn, 17 May 2012 (CHM appointee)

0.0%? Veniza, Corp. Sec., appointed at AGM?

As the current BOD sits, we could have 6 votes against 2 if the Chairman and CEO have different visions for the company. Any appointees from Marquest/Pathway? If we have 2 from Marquest/Pathway the situation could become to 4 versus 4. So, it would rest with an independent director for this awing vote. I find it a bit odd to have an even number of directors for the BOD (what would happen if we have a 4 versus 4, ...the Chairman would call the shot?...just trying to understand the rules of engagement)

goldhunter

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