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Message: Intigold appoints Alves as director

Again Molson, you ask the right question;

"Strange that after being employed with SLI for so many years that Isabel wouldn't have been appointed as a director for us???"

I think this can be added to the intent list of Lori in destroying the company St Elias Mines.

We know that little or no effort was put into finding directors for SLI when Miss Alves seems readily available for IGD. For this matter, considering credentials, directors could have been complemented very easily from the shareholder base for SLI. I see that Ms Alves appointment is NOT pending TSXV approval, which reveals that the TSXV has indeed approved her, with what I think are minimal qualifications and credentials.

Here are some TSXV director requirements: (there is more information in the provided link under corporate governance as well)

Policy 3.1 and NP 58-201 together provide a full menu for a TSX-V mining company board. The key for the board is to determine which items from the menu are most appropriate for the issuer given its age, stage, capitalization, industry and future. However there are a handful of obvious choices which most boards should choose to adopt including the following:

  • the board should be composed of no less than 3 to 5 directors with a majority of independent directors (as determined by the board in accordance with applicable securities law requirements);
  • some (but not necessarily all) directors should have meaningful public company experience with a track record of success;
  • include directors with expertise in public company accounting, National Instrument 43-101 reports (after all, it is a mining company) and corporate governance;
  • appoint committees but be mindful of the size of the board and whether the issuer will really need them (TSX-V issuers always require an audit committee comprised of at least three directors the majority of whom are independent and should have a compensation committee and a governance committee);
  • meet at least quarterly as a board with separate audit committee meetings and in camera sessions for independent directors and take good (although not necessarily long) minutes of all meetings;
  • adopt good mandates (they are easy to find) for the board and each of the committees; and
  • go and see the issuer’s mines or properties (this is not on the list but experience tells us it is a good thing to do for any director of a TSX-V company).

http://www.osler.com/NewsResources/Default.aspx?id=4142

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