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RSM Resouro Strategic Metals Inc

0.42
0.00 (0.00%)
27 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Resouro Strategic Metals Inc TSXV:RSM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.42 0.41 0.47 0 21:00:00

Royal Standard Minerals Inc. Announces Changes to Its Board of Directors and the Suspension of Its Shares From Trading on the TS

05/03/2009 1:17pm

Marketwired Canada


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

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