Royal Standard Minerals Inc. Announces Changes to its Board of Directors
26 March 2009 - 1:18AM
Marketwired
Royal Standard Minerals Inc. ("RSM" or the "Company") (TSX VENTURE:
RSM)(OTCBB: RYSMF) announces that Mr. Joseph Cornwell has resigned
as a director of the Company (the "Board"), effective March 19,
2009.
As part of the search to attract experienced, qualified
individuals who can assist the Company in implementing it's
business goals and good corporate governance practices the Company
is pleased to announce the appointments of Mr. Paul G. Smith and
Mr. James Clancy as directors to fill two of the vacancies on the
Board until the next annual meeting of the shareholders.
Paul G. Smith is President and CEO of Grey Horse Corporation
(TSX: GHC) and CEO of its principal subsidiary, Equity Transfer
& Trust Company. Prior to GHC, Paul held management positions
at BCE, served as Executive Assistant to the Prime Minister of
Canada, and was an aide to the Ministers of External Affairs and
International Cooperation. Paul holds an MBA from INSEAD, an MPA
from Carleton University, and undergraduate degrees from the
University of Ottawa. Paul sits on the boards of GHC, VIA Rail and
the Atlantic Council. He is a member of the C.D. Howe Institute's
Financial Services Research Initiative and Carleton University's
School of Public Policy and Administration Leadership Council.
Paul's other public company board positions include StorageVault
Canada Inc. (TSX VENTURE: SVI), Podium Capital Corporation (TSX
VENTURE: POD.P) and TayCon Capital Corporation (TSX VENTURE:
TYC.P).
Mr. James B. Clancy is presently Director - Finance for Techint
E. & C. Canada, involved in a Joint Venture with R.B.
Somerville Ltd for three sections of the Alberta Clipper Pipeline
Project in Western Canada. James has been involved as General
Manager and/or Chief Financial Officer in the pipeline construction
business in Canada and overseas for over thirty years. He has an
Honours Commerce degree from the University of Toronto and is a
member of the Canadian Institute of Chartered Accountants. Jim
presently sits on the board and is Chairman of the Audit Committee
of Galantas Gold Corporation (TSX VENTURE: GAL)(AIM: GAL).
The Company's shares have been suspended from trading on the
TSXV as a result of the Company's failure to comply with TSXV
requirements. The Company has responded to TSXV; 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) www.Royalstandardminerals.com
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