Mr. Jacques Monette reports
EXCEL GOLD MINING ANNOUNCES THE RESIGNATIONS OF MR. CLAUDE DUFRESNE AND MR. PETER CHODOS AS DIRECTORS AND MEMBERS OF THE AUDIT COMMITTEE
MONTREAL, QUEBEC
Excel Gold Mining Inc. directors Peter Chodos and Claude Dufresne have resigned as independent directors and members of the audit committee of the company effective as of July 18, 2011.
Following decision 2011-026-001 rendered by the Bureau de Decision et de Revision des Valeurs Mobilieres du Quebec on July 11, 2011, on ex-parte cease trading orders requested the Autorite des Marches Financiers on 35 parties including the company, after an inquiry was made by the AMF, but where such request for an order on the company was rejected by the Bureau, and the TSX Venture Exchange subsequent decision to halt the trading of the company's stock until certain verifications are made, both directors who had joined the board only in December, 2010, have chosen to resign since they felt that they have no information or knowledge of what could have happen prior to their terms. The board would like to thank them for their support and wish them all the best in their future endeavour.
The remaining board members wish to appoint at least one new replacement independent director as soon as the stock resumes trading.
© 2024 Canjex Publishing Ltd. All rights reserved.