New Directors Brian Tobin has a lot of connections. He may have been brought in for various reasons but one of them could be to help with the sale of CMK. From the PR:
"Mr. Tobin was Executive Chairman and CEO of Consolidated Thompson Iron Mines Ltd. (CLM), an iron ore company, until May 2011, when Mr. Tobin and his team from CLM sold the organization for $4.9 billion to Cliffs Natural Resources Inc."
Mr Haywood has lots of mining experience and has also sold a company in the past while CEO:
"Mr. Haywood served as the President & Chief Executive officer of Calvista Gold Corporation, where he negotiated and sold the company to Eike Batista's AUX Group for a 100% premium to 10 day VWAP."
It looks like these 2 guys have been brought in to help sell CMK or at least use their connections to help save the company.
Mr. Tobin served as a Member of Parliament from 1980 to 1996, and served as Minister of Fisheries and Oceans in the Federal Cabinet from 1993 to 1996. Mr. Tobin served as the Federal Minister of Industry from 2000 to 2002. Previously, he served as the Premier of Newfoundland and Labrador from 1996 to 2000. Mr. Tobin was Executive Chairman and CEO of Consolidated Thompson Iron Mines Ltd. (CLM), an iron ore company, until May 2011, when Mr. Tobin and his team from CLM sold the organization for $4.9 billion to Cliffs Natural Resources Inc. Mr. Tobin is currently senior business advisor with Fraser Milner Casgrain LLP in Toronto, and serves on a number of public company boards, including Chairman of the Board of Directors at Marret Resource Corporation.
Mr. Haywood BE (Mining) Hons, LLB has over 20 years of mining operations experience gained internationally with various companies including BHP Billiton, Gold Fields Limited, Ashanti Goldfields and Placer Pacific. Mr. Haywood has a strong technical background having worked at several public mining companies as a Mining Engineer and Mine Manager. Most recently, Mr. Haywood served as the President & Chief Executive officer of Calvista Gold Corporation, where he negotiated and sold the company to Eike Batista's AUX Group for a 100% premium to 10 day VWAP. Mr. Haywood is a degree-qualified mining engineer and lawyer, and is also a Member of the Australasian Institute of Mining and Metallurgy (AusIMM) and the Institute of Corporate Directors (ICD).
The Company welcomes Mr. Tobin and Mr. Haywood and looks to benefit from their experience and insight.