Trelawney Mining and Exploration Inc TWNNF

Trelawney Announces Resignation of Director and Ch

[gamblor77]

Not sure if he left on good terms or why he left but apparently the TRR Director and Chairman resigned today:

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Trelawney Announces Resignation of Director and Chairman

Mar. 8, 2011 (Marketwire Canada) --

TORONTO, ONTARIO -- Trelawney Mining and Exploration Inc. (the "Company" or "Trelawney") (TSX VENTURE:TRR)(FRANKFURT:RTW)announces that it has accepted the resignation of Mr. Anthony Makuch asa director and Chairman of the Company, effective immediately. TheBoard of Directors and Management would like to thank Mr. Makuch for hiscontributions to the Company and wish him success in his futureendeavours.

Trelawney is a Canadian junior mining and explorationcompany with a focus on Archean gold deposits. The Company's currentfocus is directed towards the development and continued exploration ofthe Chester Project, located in Chester Township 20 kilometres southwestof Gogama, Ontario.

Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracy ofthis release.

Trelawney Mining and Exploration Inc.
President and CEO
416-363-8567

[e-mail]

Source: Marketwire Canada (March 8, 2011 - 4:29 PM EST)

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It should hopefully be a non-issue but I got the news alert from Quotestream so I thought I'd pass it along.
GLTA.
Gamblor.

[Buckshot26]

he is of course the President of Lake Shore (LSG) which should in turn fuel speculation that LSG will take a run at TRR here.  There is no longer a conflict of interest standing in the way.

[Shoesalesman]

what does this tell us.

[jediknight]

good news pr imho. Whatever deal is made in the future will not be tainted especially if LSG is in the bidding for TRR.

[Moneyclip]

Perhaps TRR has rebuffed overtures from LSG which although a great Canadian mining success story is not  a cash rich Co, therefore they would have had to go wih some form of all share deal. Maybe not rich enough for TRR as other majors may have peaked there interest. Good chance LSG is a takeover target themselves. Either way it is getting more interesting by the minute!