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Bullboard - Stock Discussion Forum North American Gem Inc V.NAG

TSXV:NAG - Post Discussion

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Post by riddlethis on Mar 11, 2011 5:16pm

NEWS

North American Gem Inc. Appoints New Director (ccnm)

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 11, 2011)
-
North American Gem Inc. (NAG) (TSX VENTURE:NAG) reports that the company has appointed Dave Bissoondatt to the board of directors.
Mr. Bissoondatt has over 20 years of experience in business and the capital markets.
Egil Livgard recently resigned as director of the company to pursue other interest.
The Company would like to thank Mr. Livgard for all his contributions to date.

North American Gem Inc. (TSX VENTURE:NAG) is a Junior Exploration Company
based in Western Canada.
The Company's primary goal is to explore for Coal in North America,
currently the focus is in Kentucky, Saskatchewan, and West Virginia.
In addition to Coal exploration, the Company also has interests in Uranium, Copper, Gold, Molybdenum and other base metals in Canada.

On Behalf of the Board of Directors

NORTH AMERICAN GEM INC.

Charles Desjardins, President and Director

Cautionary note:

This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

Comment by SUCYN on Mar 11, 2011 5:27pm
I think Egil Livgard made a smart move...I wonder if Mr. Bissoondatt knows what he's getting into ???Lets hope he does and did his DD before coming on board...I guess he gets options now  ...LOL...SUCYN
Comment by stocknup on Mar 11, 2011 5:31pm
Does anyone really care? How many of Charles other companies boards did he get appointed too today?I suppose this means there will be an option issue to our newest hard working board member next week. Maybe the last guys conscience finally got time him.I don't think NAG was at the PDAC, but if they were, it is obvious no one was buying their "story" any longer.GLTA.....and yes I do ...more  
Comment by SUCYN on Mar 11, 2011 5:38pm
You're right, he is on the board of SOV and NAG... Recent Bulletins Date ET Symbol Price Type Headline 2011-03-11 17:22 SOV 0.43 News Release Soldi Ventures names Bissoondatt to board 2011-03-09 10:10 SOV 0.42 News Release Soldi adds two drill holes to Cameron Lake program  ...more  
Comment by giordihead on Mar 11, 2011 5:40pm
They were 100% at PDAC I was there...not a lot of action at there booth...Charles wasn't there when I was there...same old story...they say they are mining, they say #3 is close, talked about access, roads all the usual crap. Good thing they brought on a new board member to give shares to...
Comment by actionplanner on Mar 11, 2011 5:51pm
At least it wasn't their usuall  Friday after hours news release about options etc.  I wonder if donat took a swing by to the mines on his recent trip to KY.. This is the only way anyone will know what the hell is actually going on, is if we had the time to see with our own eyes!!!!  I can;t  write anything positive so should end this note at that..lol
Comment by Z06 on Mar 11, 2011 6:15pm
Scared the hell out me when I saw that news release pop up. Sure it was another PP @ .065. Wouldn't you get on this board of directors. Get loads of cash & not even have to come to work.
Comment by shellfish1 on Mar 12, 2011 1:48am
At lease there is NR. I though that the management had all disappeared from the planet Earth.So for the management, what's the plan next? Is the new director going to pump NAG using his experience in the business and capital market? If so, I couldn't be happier - who then cares of the real word i.e. the mining, blue gem, LL?   Shellfish
Comment by Skater on Mar 12, 2011 2:03am
Since I'm a bagholder hate to weigh in...their primary goal changed in this release...any concerns???Skater
Comment by shellfish1 on Mar 12, 2011 2:21am
As from NAG website, the ex-directoris a senior geologist involved in a number of gold ventures. Does this meanthat LL is sold so that such an expertise is no longer needed? Now, all left on the board ofdirectors are businessmen. Wrong direction - they should establish aninvestment company like CD’s beloved Global Investment.Com Financial Inc.,instead of mining.Shellfish https: ...more  
Comment by donat50 on Mar 12, 2011 1:25pm
Mr. Adam Noel, P.EngMr. Adam Noel is a professional geologist, a mining and environmental engineer with over 40 years Canadian and International experience in providing project services to the mining industry. He has managed a wide range of projects in the resource industry and has hands on experience in geological exploration, mine geology, mine evaluation and operations as well as project ...more  
Comment by mikeintown on Mar 12, 2011 1:40pm
Another loser who is willing to lie for money.
Comment by actionplanner on Mar 12, 2011 6:04pm
donat, did you see anything on your venture to KY?  I see you are still onboard and positive, so I gotta feel that is a good sign. The only thing good last week was when the markets fell Nag didn't tank ... Now that is really looking for a silver lining in this black cloud over nag. Wish I knew 2 years ago what I know now.
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