Malaco Take over at most 10 Days Away Dear fellow shareholders
The question at hand, does are key directors have the right skill sets to develop Monument Mining into a mid tear gold mining corporation ?
As noted below in this blog, you can witness first hand how they Execute Value Creation.
For decades there has been no urgency in achieving any goals, as the pay has been great.
This is there history, no mid tear gold producer.
They get paid as if we were a profitable mid tear producer.
Shareholders have been taking a bath on this investment, due to past decisions and everything moves so slow. why bad decisions? why no urgency?
Please help us by voting against the directors, vote Withhold to all except Dato.
Dato has 55 million votes and he is an astute mining executive.
Let's show our displeasure with the present direction of Monument Mining.
Between our Chairman and our CEO, they do not have the proper skill set to make Monument Mining into a mid tear producer.
They have the proper skill set to manage at a slow and steady pace as the pay of $450,000.00 US a year plus million of shares are paid out on a yearly basis.
Our Prime Minister Justin Trudeau gets paid $358,000.00 canadian and gets in trouble for spending 1 day on holidays in BC.
Our CEO enjoys BC on a daily basis and we have no operations in BC, this is not the mining capital of Canada. The venture exchange and our senior executive live in BC.
You can now understand why we have leaders that have no urgency or why thay have no need to move forward at a proper pace.
We have 38 million in the bank, they can run this way for the 10 years and then get the big farewell package.
See the Veris mess below and lets make sure to end this Monumental mess.
Please vote.
Toronto Stock Exchange: VG VANCOUVER, June 18, 2014 /CNW/ - Veris Gold Corp. ("Veris" or the "Company") (TSX: VG) (OTCQB: YNGFF) (Frankfurt Xetra Exchange: NG6A) announces today that as a result of the commencement of proceedings under the Companies' Creditors Arrangement Act ("CCAA"), it fails to meet the continued listing requirements of the Toronto Stock Exchange ("TSX"). As a result, the Company has received a notice from the TSX that the common shares (Symbol: VG) and common share purchase warrants (Symbol: VG.WT) of the Company (collectively the "Securities") will be delisted at the close of business on July 18, 2014. The Securities were suspended on June 9, 2014 and will remain suspended from trading until delisting.
The Company has commenced discussions with the intent to potentially have the Securities listed on another recognized exchange. However, there can be no assurance that a listing on another exchange will be obtained before the Company is delisted from the TSX. Upon exiting the CCAA process the Company intends to apply for relisting of the Securities on the TSX.
The Company continues to focus its efforts on the restructuring and refinancing of its outstanding debts. The three mines at Jerritt Canyon, as well as the processing facility are currently operating and are generating free cash flow.
All inquiries regarding the CCAA Proceedings should be directed to the Monitor, Ernst & Young: Mr. Rocky Ho at (604) 891-8245. Information about the CCAA Proceeding is available here: www.ey.com/ca/verisgold
About Veris Gold Corp.