Woulfe Mining Corp WFEMF

Woulf Director

[beltem]

This is not the type of person I want on the WOF Board ... Mr. Marleau was a director of Mitec Telecom Inc., ("Mitec") a reporting issuer, which announced on September 15, 2010 that it was not in a position to file its first quarter, fiscal 2011 interim consolidated financial statements for the period ending July 31, 2010. As a result, Mitec applied for an order from the relevant Canadian securities regulatory authorities for a management cease trade order ("MCTO") as provided for in National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults which prohibits trading in securities of the Corporation by certain insiders of the Corporation. On September 20, 2010, a temporary MCTO effective until October 1, 2010 was granted by the Autorite des marches financiers, being the principal regulator, prohibiting certain directors and/or officers to trade in securities of the Corporation, including Mr. Marleau. Mr. Marleau was a director of Magistral Biotech Inc. in early 2006 when it was subject to a cease trade order imposed by L'Autorite des marches financiers and the British Columbia Securities Commissions because it did not file a comparative financial statement for the financial year ended December 31, 2005. Magistral Biotech Inc. subsequently filed the necessary disclosures and in late 2006, L'Autorite des marches financiers and the British Columbia Securities Commissions each issued Partial Revocation Orders allowing Magistral Biotech Inc. to effect certain transactions to complete a reverse take-over with Immunotec Research Ltd Mr. Marleau was a director of Malette International Inc. ("Malette") a reporting issuer listed on the Toronto Stock Exchange Venture Exchange when, on February 26, 2007, Malette Industries Inc., a wholly-owned subsidiary of Malette, filed a notice of intention to make a proposal to its creditors under the Bankruptcy and Insolvency Act. On February 27, 2007, a creditor of Malette Hardwood Flooring Inc., another subsidiary of Malette, obtained a receivership order from the Superior Court of Quebec. On February 2, 2007, the Autorite des marches financiers issued a cease trade order against Malette for its failure to file financial statements for the year ended September 30, 2006. Effective March 1, 2007, Mr. Marleau resigned from the board of directors of Malette. Mr. Marleau was required by the TSX Venture Exchange, in May 2007, to submit an undertaking to the TSX Venture Exchange concerning the submission in a true and correct manner of all future Personal Information Forms in relation to acting as director of Artevo Corporation. Mr. Marleau was reprimanded by the TSX Venture Exchange, on May 12, 2011, for the breach of his 2007 undertaking to the TSX Venture Exchange; required to attend a workshop, required to pay a fee of $3,000, required to provide a written acknowledgement that he had read the TSX Venture Exchange correspondence and that the 2007 undertaking remains in effect.

[GaiusGermanicus]

Hmmm coulda maybe used that about 4 days or so ago . . .  Oh well, he is but one vote, and he's "been around" awhile.  We can always toss him next year. Besides, it helps to have ONE bad board member the general shareholders can then instruct was responsible for wahtever it was that went wrong, and with little harm to Marleau if he indeed remains under sanctions from the

[74volfram]

Mr. Marleau was interim CEO for one year after former management stepped down.  He cleaned house, arranged for the March PP with Dundee but did not do much of anything else (good or bad) that we know of.  They are giving you a chance to keep him as a board director or letting hoim go.  and they also give you a chance to look at his record in their AGM material - which is what you

[TechOne]

Mr. Marleau is shown as the IR person at CSE.. I guess that is over and above his role as the director.. https://cnsx.ca/CNSX/Securities/Mining/Woulfe-Mining-Corp.aspx I doubt if we have much impact with our vote since Dundee is driving the process.. I guess we can always make our unhappiness known to these guys but for now the board is stacked against retail investors who will just have to wait

[74volfram]

You should vote.  Dundee has all sort of options and convertibles but only 16.3% of voting shares. Korea Zinc should still have its 10%. There are also other institutional investors. From Morningstar as of November 2014: US Global 1.6%, Colonial First 9.9%, Andbank Wealth 3.1%, First State Investment 3%. I did not see Resinco in the mix but it I suspect it is not complete. This is one stock

[lastpick]

This site adds a few more holders of WOF: https://apps.cnbc.com/view.asp?country=US&uid=stocks/ownership&symbol=WOF-L&country=CA

[chizzles]

Thank you for the link...just curious, I don't see Resinco anywhere on the list. I own a lot of shares of RIN and there was never selling of Woulfe by RIN...so I kept adding since they were so cheap. Last I read they owned somewhere between 25-30million shares which is more then most own...anybody know why? Thanks in advance, Chizzles

[tayjon80]

According to latest financials filed on SEDAR, Resinco started selling its stake sometime in 2013. They started 2013 with 25M and now have 19M+/-. I think everything including the kitchen sink is for sale at RIN.....

[tayjon80]

Just remembered, Resinco settled a debt to former CEO with WOF shares, that was the first big decline in their ownership. After that they appear to have sold a few.