RE:Proxy Form - A Call to Action!jammer4444 wrote: I just read the proxy circular, and quite frankly I think the number of options being granted to some of the employees and directors is insane. I will give you two examples:
Michel Fontaine, the former VP of Diagnos' mining software, got 500,000 options at $0.07/share, The profits on those are about $40,000. But CARDS did not contribute any positive cash flows in the last 3 years. And the division was sold for far less then it cost to develop the software (a measley $800k in paper of a penny stock). If Diagnos stock does go much higher, making those options worth hundreds of thousands of dollars, it will be because of the success of the HEALTHCARE business (not mining). Michel didn't contribute anything to the success of CARA.
I would think that being invested in ADK you would want your investment in MJX to begin to show some value... Michel Fontaine is well connected in the mining sector...so he is the perfect fit for us to see CARDS move forward... ADK owns a good chunk of MJX so I hope we can make this one a winner as well... and Andre is now on the board at MJX ... so lets make sure our investment and potential royalties will develope and grow with no more costs to ADK !
We are well positioned in MJX ...I for one will be interested in the amount of work we will get in Quebec ...gold mining sector is hot ...and exploration is going full out now...there maybe some good surprises ahead...imho...
Majescor appoints Fontaine CEO to replace Audet
2017-05-31 16:38 ET - News Release
Mr. Michel Fontaine reports
MAJESCOR ANNOUNCES THE APPOINTMENT OF A NEW CHIEF EXECUTIVE OFFICER, A NEW DIRECTOR AND THE GRANTING OF OPTIONS
Majescor Resources Inc. has appointed Michel Fontaine as chief executive officer of the corporation, effective May 22, 2017. He will be replacing Andre Audet, who will remain as chairman and director of the board. Since October, 2015, Mr. Fontaine has been involved with Majescor as a director of its board. He was vice-president, business development, with Diagnos Inc. since 2005. Mr. Fontaine previously held a position of vice-president within a firm specialized in foreign exchange. Before working as a broker at a major Canadian securities firm, he worked in the mining sector in Vancouver. His broad experience in the financial and mining industries will be a great asset for the corporation. Mr. Fontaine is also on the board of directors of Metanor Resources Inc. and Everton Resources Inc.
The company is also pleased to announce that Andre Larente has agreed to join the board of directors. Mr. Larente is president of Diagnos. Mr. Larente has previously held leading management positions with companies such as Siemens, Syscan International, Newbridge Networks, Legent, Cognos, Tandem Computers and Honeywell Information Systems.
Mr. Larente has built several artificial-intelligence-based applications at Diagnos, such as: computer-based analysis of amateur composers' songs, a forex application covering eight currencies, a computer-assisted resource detection system for the natural resource sector and computer-assisted retina analysis system.
Mr. Fontaine, Majescor's new chief executive officer and president, said: "Everyone is talking about AI (artificial intelligence). Goldcorp is working with Watson (AI), Majescor will be working with CARDS (computer-aided resources detection system). The CARDS system has been used in the mining industry since 2004, and I can see our CARDS technology reinventing the mining industry: learn from the past to predict the future using powerful algorithms and data mining technics. In the end, our CARDS technology will be helping geologists make decisions in targeting new potential mining deposits."
Granting of options
Majescor has granted options to purchase up to 1.75 million common shares of the corporation to officers and directors at a price of 10 cents per share for a period of five years ending May 24, 2022.
About Majescor Resources Inc.
Majescor is a junior mining exploration company with an extensive portfolio of gold and diamond properties in Quebec. Majescor has also acquired assets from the Diagnos mining division, including the computer-aided resources detection system.
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