Royal Standard Minerals Inc. Announces Changes to Its Board of Directors and the Suspension of Its Shares From Trading on the TS
06 March 2009 - 1:17AM
Marketwired
Royal Standard Minerals Inc. ("RSM" or the "Company") (TSX VENTURE:
RSM) (OTCBB: RYSMF) announces that Mr. James C. Dunlop has resigned
as a director of the Company and Mr. Robert N. Granger has resigned
as a director and as chairman of the Company's board of directors
(the "Board"), effective March 3, 2009. Mr. William Jackson has
also resigned as the Company's corporate secretary effective March
3, 2009.
The Company announces the appointment of Mr. J. Allan Ringler as
a director to fill one of the vacancies on the Board until the next
annual meeting of the shareholders. The Company intends to search
for other individuals to fill the remaining vacancies on the Board,
the objective being to attract experienced, qualified individuals
who can assist the Company in implementing good corporate
governance practices going forward.
Mr. Ringler's background with corporate governance and
accounting oversight is expected to be of value to RSM. He has 20
years of experience providing corporate and financial services to
public companies. Mr. Ringler has been President of Allan Ringler
Services Inc. since January 1989 and was previously a partner of
Duguay & Ringler Corporate Services, a provider of corporate
and financial services to public companies, from January 1989 until
February 2006. Mr. Ringler co-founded Equity Transfer & Trust
Company ("Equity Transfer"), a provider of transfer agent and
corporate trust services, acting as its President from November
2002 to January 2006. He has been a director of Grey Horse
Corporation, the parent company of Equity Transfer, since 2004 and
is currently Chief Executive Officer, President and a director of
GA Capital Corp., a capital pool company listed on the TSX Venture
Exchange (the "TSXV"). Mr. Ringler holds a Bachelor of Arts degree
from the University of Western Ontario and a Bachelor of Commerce
degree from the University of Windsor. He is a Certified Management
Accountant and a member of the Institute of Chartered Secretaries
and Administrators of Canada.
The Company also announces that its shares have been suspended
from trading on the TSXV as a result of the Company's failure to
comply with TSXV requirements in a timely manner. With the
aforementioned changes taking place on the Board, it is the
Company's intention to respond to these requirements and to try to
have the suspension lifted as soon as possible; however, there can
be no assurance that the Company's efforts will result in the
suspension being lifted by the TSXV.
RSM is a natural resource exploration and development
company.
C.U.S.I.P. # 780919106
LISTED: STANDARD & POORS
Neither TSX Venture Exchange nor its Regulation Service Provider
(as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Royal Standard Minerals Inc. Roland Larsen (804)
580-8107 (804) 580-4132 (FAX) Website:
Royalstandardminerals.com
Resouro Strategic Metals (TSXV:RSM)
Historical Stock Chart
From Dec 2024 to Jan 2025
Resouro Strategic Metals (TSXV:RSM)
Historical Stock Chart
From Jan 2024 to Jan 2025
Real-Time news about Resouro Strategic Metals Inc (TSX Venture Exchange): 0 recent articles
More Royal Standard Minerals Inc. News Articles