Matamec Acquires Option on Montclerg Gold Property,... -
[Cached Version]
Published on: 3/27/2006
Last Visited: 3/27/2006
Appointment of Mr. James A. White as Independent Director
Matamec is also pleased to announce the appointment of Mr. James A. White as independent director as of the last board meeting of the Company on March 24, 2006.Mr White is the Chief Executive Officer and Founder of Baynes and White, an Ontario based actuarial consulting firm.Furthermore, Mr White has a very good experience of the exploration, production and financing aspects of the mining industry.Mr White's nomination to the board of Matamec will allow the Company to widen its business network.In agreement with the internal policy of the Company, Mr White was granted options to acquire 400,000 shares at $0.12 for a period of five years.These options, as well as their exercising conditions, are governed by the Company's stock option plan.