15:37:24 EDT Thu 18 Apr 2024
Enter Symbol
or Name
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CA



Goldstone Resources Inc
Symbol GRC
Shares Issued 98,111,097
Close 2010-09-13 C$ 0.51
Market Cap C$ 50,036,659
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Goldstone names Cunningham as chairman

2010-09-13 12:29 ET - News Release

Mr. Philip Cunningham reports

GOLDSTONE ANNOUNCES APPOINTMENT OF DIRECTORS AND EXECUTIVE COMMITTEE

Goldstone Resources Inc. has appointed Morris Prychidny and Paul Little as directors of the company, and has appointed Philip Cunningham (currently co-chairman of the company) as the chairman.

The board also appointed an executive committee of directors which will seek to take appropriate steps to put Goldstone in a position where, in the words of Mr. Cunningham, "the unrealized underlying value of its assets may be unlocked." Members of the committee are Mr. Cunningham, Mr. Elliott, Mr. Prychidny and Mr. Little.

Mr. Prychidny is a chartered accountant and has a BA in economics from the University of Western Ontario. He is a director and secretary-treasurer of Orion Capital Inc. (an investment company focused on start-up ventures predominantly in the junior mining field) and a director and officer of Woodbine Downs Ltd., which operates and owns a large portfolio of industrial/commercial real estate in the Toronto area. Mr. Prychidny is also a director and audit committee member of Harricana River Mining Corporation Inc., a private mining exploration company, and a director of Northfield Capital Corp.

Mr. Little is a chartered accountant and has a BA in economics from the University of Toronto and an MBA from the University of British Columbia. Mr. Little is president of Westover Investments Inc., an investment company, and from 1986 to 1999, he was a principal of a Toronto-based merchant bank, Gornitzki, Thompson & Little Company, and president of GTL Securities Inc., a related securities dealer. From 1980 to 1985, he was vice-president and chief financial officer of Union Gas Ltd., a Canadian natural gas utility. Mr. Little is a director and chairman of EGI Financial Holdings Inc. and a director of Arius3D Corp. Over the past 15 years, Mr. Little has served on the board of directors of 12 Toronto Stock Exchange-listed companies and one New York Stock Exchange-listed company.

Goldstone also announced that Mr. Cunningham has notified the company that he has withdrawn his requisition previously delivered on Aug. 23, 2010, for a special meeting of shareholders.

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