CFO Leaving????After completion of the Transaction, the Board of Directors of Amalco will consist of five directors, including four nominees of Ferro, namely Michael Dehn, Rick Brown and two independent directors pursuant to applicable securities legislation to be determined, as well as one nominee of Galleria, Al J. Kroontje, provided the TSX Venture does not object to such nominations and such persons are eligible to act as directors pursuant to the requirements of the Business Corporations Act (Alberta). After the closing of the Transaction, the officers of Amalco will be appointed by the Board of Directors of Amalco and will include Michael Dehn as President and Chief Executive Officer, and Ernest Cleave as Chief Financial Officer.
Ernest Cleave is the current Chief Financial Officer of Cline Mining Corporation and has been Chief Financial Officer of Grandview Gold Inc. since January 2006. From December 2001 to August 2005, Mr. Cleave was the Manager of Planning and Analysis of Goldcorp Inc., a public company listed on the Toronto Stock Exchange, where he directed corporate planning and analysis, treasury, internal control and regulatory compliance. From 1997 to 2001, Mr. Cleave worked with Bata Limited in various financial roles, including Controller for Bata South Africa and Chief Financial Officer of Bata International - Africa region. Mr. Cleave began his career with PricewaterhouseCoopers LLP in South Africa in 1993.