RE:Anyone knows about the reputation of the new management?
They seem to have the knowledge and the experience. The whole crew seems like a group of winners...a buck a share is coming ! Effective immediately, the management and Board of Directors of Nordic (the "Board") will be restructured (herein, the "Change of Management") . Brian Wesson, Clyde Wesson and Yvette Harrison will be appointed to the Board. Brian Wesson will also be appointed as President and Chief Executive Officer; Clyde Wesson will be appointed Vice President; Daryl Midgley will be appointed as Chief Financial Officer; and Jeffrey Lightfoot will be appointed as Corporate Secretary. Concurrent with such appointments, all the current Board members of Nordic (namely Michael Hepworth, Basil Botha, Paul Sargeant and Peter Pollard will resign as well as the incumbent management team consisting of Michael Hepworth (President & CEO); Basil Botha (Executive Chairman); Greg Duras (Chief Financial Officer). Nordic's President and CEO, Michael Hepworth states, "Over the last 4 months, our primary focus has been on finding suitable funding to both upgrade the resource and to restart production at the mine in Finland. Lionsbridge presents us with an opportunity to both inject the necessary funding and to bring fresh perspectives on managing the project. The group has access to capital and the experience to successfully manage the Laiva project going forward." Lionsbridge's Brian Wesson stated, "Lionsbridge thanks the previous management and Board of Directors for their contribution to the Company. We look forward to working with the Company to unlock shareholder value by returning the Company to sustainable production. Your new directors will update shareholders on the path forward immediately after the completion of the transition period." The following is a brief description of the incoming Board members and senior officers: Brian Wesson, President, Chief Executive Officer & Director Mr. Brian Wesson has extensive experience spanning a career of over 30 years in the management, operation design and construction of natural resource operations globally. He qualified as an engineer in South Africa, gained an MBA in Australia, studied Economics at the University of South Africa and is a fellow of the Australasian Institute of Mining and Metallurgy and a fellow of the Australian Institute of Company Directors. Brian founded the Wesson Group of Companies, of which Lionsbridge and Westech form part, with a view to utilising the Groups' experience in the ownership, management and development of natural resource companies and the intellectual property developed to unlock shareholder value. Mr Wesson brings unique value in being highly experienced in both the corporate and technical aspects of managing a company; he understands natural resource companies from underground to the 'board room'. Clyde Wesson, Vice-President & Director Mr. Clyde Wesson has significant experience in all aspects of the management of corporate entities, both listed and unlisted. Clyde's expertise includes the restructuring and recapitalising of distressed assets, corporate finance, design and execution of corporate strategy, legal management and bringing assets to market. Clyde holds bachelor's degrees in both Law and Commerce (LLB, B.Com) and is currently a candidate for a Master's of Law (LLM) from Melbourne University (2019). He is a solicitor and member of the Supreme Court of NSW and a member of the Australian Institute of Company Directors, Australian Institute of Mining and Metallurgy and the Law Society of NSW. Yvette Harrison, Director Ms. Harrison is a Chartered Professional Accountant with over 20 years of experience in permanent positions as well as in bridge leadership consulting roles with organizations in "immediate-need" situations in mining, real estate investments, technology, forest products, manufacturing and not-for-profit. She has worked as Chief Financial Officer, VP Finance, Director Finance, Controller and Consultant with numerous public and private companies as well as not-for-profits. She also has worked in public practice. Ms. Harrison received her CGA designation from the Certified General Accountants Association of British Columbia in 2002. Daryl Midgley, Chief Financial Officer Mr. Midgley is an experienced CFO with over 20 years in the mining industry. He has experience in areas such as capital raises for major projects, initial public offerings, financial reporting systems, profit and loss reporting, and both financial strategy and long term budgetary oversight. Mr. Midgley previously worked as a Manager in BDO's Mining and Energy Audit team. He has worked with a number of listed companies with operations around the globe. Jeff Lightfoot, Corporate Secretary Mr. Lightfoot is an active practicing member of the Law Society of British Columbia (since September 1985) and a shareholder of the law firm of Owen Bird Law Corporation, Vancouver, British Columbia. His preferred areas of practice are corporate finance and securities law, with a particular emphasis on the TSX Venture Exchange and Canadian Securities Exchange. He has practiced securities law in Vancouver for more than 30 years. Mr. Lightfoot has been both a director and/or executive officer of a number of reporting issuers over the years. He holds a Bachelor of Laws (LL.B.) degree (1984) from Osgoode Hall Law School, Toronto, Ontario; and a Bachelor of Business Administration (B.B.A.) degree (1981) from Wilfrid Laurier University, Waterloo, Ontario. TSX-V Approval The Company has obtained the conditional approval of the TSX-V (on June 17, 2019) to the transactions contemplated herein. Final acceptance of the Services Agreement and Change of Management is subject to the Company obtaining disinterested shareholder approval. To that end, the Company will be convening an annual and special meeting (the "Meeting") of its shareholders on August 28, 2019. Additional information regarding the transactions will be set out in the Company's management information circular prepared in connection with the Meeting. Read more at https://stockhouse.com/companies/bullboard?symbol=v.nor&postid=29993068#bosU2qrgJxhls8mW.99