RE:RE:$7 mill Santa Fe property sold to Lahontan. phoenix_trader wrote: H'mm, is this the same John McConnell who is the highly respected CEO of Victoria Gold????
Perhaps the Ethics committee of Victoria Gold and the OSC could seek clarification!!!!!!
John McConnell, Proposed Director
John McConnell has more than 35 years of mining experience, mostly spent in Canada's northern territories. Previously, he was President and CEO of Western Keltic Mines until it was acquired by Sherwood Copper. During his career he was Vice President, Northwest Territories Projects for De Beers Canada where he was primarily responsible for the permitting and development of the Snap Lake Diamond Mine. His experience also includes 12 years with Breakwater Resources Ltd / Nanisivik Mines Ltd in operations at the Nanisivik Zinc and Lead Mine on the northern tip of Baffin Island, and he spent six years with Strathcona Mineral Services Ltd. where his work included engineering, feasibility studies and project development. John is a graduate of the Colorado School of Mines, with a B.Sc. in Mining Engineering. He is also a Director of public companies; Hudson Resources Inc., Abacus Mining & Exploration Corp. A strong advocate for the mining industry, he is also a director of industry organizations; Klondike Placer Miners' Association (KPMA), and the Mining Association of Canada (MAC).
Phoenix, I don't understand your concern.
Lahontan is a
private US company headquartered in Nevada. The OSC doesn't have jurisdiction over any private American company.
It seems that Lahontan's BOD includes 3 Victoria executives and their bios as posted on the Lahontan site are exact cut and paste copies from Victoria's web site. Should they have added to John's bio that he is CEO of Victoria? Yeah, probably, but why should you or anyone else care?
There is no ethics violation or conflict of interest here. Victoria is looking out for its 80% interest in Lahontan and therefore has 3 board members.
BTW where did you get the $7 million since it appears that no money actually changed hands?