Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Effective on July 3, 2009, the Board of Directors of Douglas Lake Minerals Inc. (the "Company") accepted the resignations as directors of the Company from each of Medard M.C. Kalemani and Abdulkarim Hamisi Mruma, together with the resignations as officers of the Company from each of Sylvia Tang, as the Company's previous Chief Executive Officer, and Harpreet Singh Sangha, as the Company's previous President, Secretary and Treasurer. Mr. Sangha will continue as the Company's Chief Executive Officer.
Also effective on July 3, 2009, the Board of Directors of the Company accepted the consent to act as both a director and as the President of the Company from Charles Xaviar Mnguto, together with the consent to act as the Secretary, Treasurer and Chief Financial Officer of the Company from Herminder Rai.
Mr. Charles Xaviar Mnguto, B.Sc. in Geology (Hon), from the University of Dar es Salaam, Tanzania (1995), has been a consulting geologist to and the Company's Exploration Manager in Tanzania since January of 2007. Mr. Mnguto is a multi-terrain geologist with 13 years experience in both local and international exploration fields. During his career Mr. Mnguto has worked on various base and precious metals projects located in Tanzania, Zimbabwe and the Democratic Republic of Congo. Prior to working with the Company, and during the previous five years, Mr. Mnguto has worked: as a Senior Project Geologist (Expatriate) on the Lugushwa Project for Banro Congo Mining SARL (January to October of 2006); as a Senior Project Geologist (Expatriate) on the Namoya Project; as a Project Geologist on each of the Golden Pride West Project (January to September of 2005) and Nyanzaga Project (March to December of 2004) for Barrick Exploration Africa Ltd.; and as a Senior Project Geologist (Exploration Dept.) on the Ashanti Goldfields/Anglogold Joint Venture for Geita Gold Mining Limited (August of 1999 to February of 2004). Mr. Mnguto is not a director or officer of any other reporting company.
Mr. Herminder Rai, B.A. (major in economics) from Simon Fraser University, has, for the past five years, been an investment advisor with Global Securities Corporation, of Vancouver, British Columbia. Mr. Rai is a graduate of many Canadian Securities Institute securities-related courses, and recently passed Level I of the CFA program and is currently enrolled as a Level II candidate. Mr. Rai is not a director or officer of any other reporting company.
At present there are no compensation arrangements as between the Company and either of Messrs. Mnguto or Rai in their capacities as either directors or Executive Officers of the Company.
As a consequence of the resignations of each of Messrs. Kalemani and Mruma and Ms. Tang, together with the corresponding appointments of each of Messrs. Mnguto and Rai, the Board of Directors and Executive Officers of the Company are now comprised of the following: