NEW CEO, CFO, options at .1
not often, that options are priced upwards!!!!
Since sale of Acadian’s 29.18% interest (to a number of parties, who are those..) and now the new team around Mr. Warren there is new wind in RRO.
Mr. Warren MacLeod has been appointed a director and President and Chief Executive Officer
of the Corporation. Mr. MacLeod, of Windsor Nova Scotia, Canada, has significant experience
in private and public companies and served as the Corporation’s President and Chief Executive
Officer from November 2006 to August 2008.
Mr. Andrew Forrest was also appointed a director of the Corporation. Mr. Forrest, of Nyon,
Switzerland, is a mining and mechanical engineer with 10 years experience in the mineral
resource industry. Mr. Forrest has been involved in numerous resource projects from grass roots exploration through feasibility study to mine construction in a number of different locations including Zimbabwe, Guyana, Peru, Canada, Germany and the United States.
The board of directors of Royal Roads is now comprised of Messrs. Warren MacLeod BA, Mr.
Andrew Forrest MSc BEng, Mr. Edmund Merringer, LL.B., and Mr. Steven Poad, C.A. The
officers are Mr. Warren Macleod, President, Mr. Paul Moore, P.Geo., Vice President of
Exploration and Ms. Suzan Frazer, LL.B., Corporate Secretary.
Ms. Anderson was granted the incentive option to buy 250,000 shares, exercisable until May 28, 2015, at 10 cents per share, 25,000 of which vested immediately and the balance to vest in equal monthly installments over 12 months.
Royal Roads also announced that the exercise price of options to buy 5.1 million shares, granted to 10 officers, directors and employees of the corporation on May 10, 2010, was 10 cents per share, not seven cents per share as indicated in its news release in Stockwatch issued May 11, 2010.