a peepee match
Lund calls meeting to seek removal of Idziszek group
Lund Gold Ltd LGD
Shares issued 11,548,067 May 12 close $0.37
Thu 13 May 2004 News Release
Mr. Kenneth Morgan reports
LUND DIRECTOR REQUISITIONS SHAREHOLDER MEETING TO CHANGE BOARD
Kenneth W. Morgan, a director of Lund Gold, has filed a requisition for a
general meeting of shareholders of Lund for the purposes of removing Chet
Idziszek, James Stewart and Abdullah Basodan (the Idziszek group) as
directors effective immediately.
Lund's board of directors is currently comprised of Chet Idziszek, James
Stewart, Abdullah Basodan, Kenneth W. Morgan, Mark Brown and Douglas Brown
(the two Mr. Browns are not related).
It is Mr. Morgan's intention to provide the shareholders the opportunity to
vote for the removal of the Idziszek group from the board. Mr. Morgan will
propose a new slate of directors and is currently preparing an information
circular for distribution to the shareholders.
Mr. Morgan has filed the requisition in conjunction with Raymond Fast, a
shareholder of Lund. Mr. Morgan currently holds 388,000 of the
approximately 11.1 million Lund shares outstanding, which constitutes
approximately 3.5 per cent of the issued voting share capital in the
company. Mr. Fast currently holds 355,000 of the approximately 11.1 million
Lund shares outstanding, which constitutes approximately 3.2 per cent of
the issued voting share capital in the company.
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