Continental Announces Resignation and Appointment of Directors.TORONTO -- Continental Precious Minerals Inc. (NEX NEX abbr. Navy exchange Board:CZQ.H) today announced the resignation of Dr. Stewart Jackson Stewart James Jackson (born January 31 1965) is a British politician. He was elected as Conservative MP for Peterborough in the 2005 general election, defeating Helen Clark of the Labour Party securing a majority of 2740 votes. , effective January 20th, 2005, from the company's board of directors. Dr. Jackson's resignation comes as a result of reaching a settlement with the British Columbia Securities Commission The British Columbia Securities Commission (BCSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of British Columbia. External links
BCSC British Columbia Supreme Court BCSC British Council of Shopping Centres BCSC Breast Cancer Society of Canada BCSC Breast Cancer Surveillance Consortium BCSC British Columbia Safety Council ") in connection with his role in the filing of false and misleading statements as a director of Hard Creek Nickel Corp. ("Hard Creek"), an unrelated British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography based mineral exploration company. Dr. Jackson has admitted that he was responsible for drafting and reviewing Hard Creek's technical disclosure from July of 2002 until July 2003. During this period, in his capacity as an officer and director of Hard Creek, Dr. Jackson was further obliged o·blige v. o·bliged, o·blig·ing, o·blig·es v.tr. 1. To constrain by physical, legal, social, or moral means. 2. to ensure that Hard Creek complied with securities laws and the required disclosure standards for mining companies. However, Hard Creek breached these requirements when it made disclosures in its annual information form and on its website that did not comply with mining disclosure standards and made false and misleading statements in records filed with the BCSC. Mitigating factors as stated in the settlement agreement with the BCSC were that Dr. Jackson relied significantly upon reports prepared by qualified consultants when drafting and reviewing Hard Creek's mining technical disclosure. Pursuant to the settlement, Dr. Jackson cannot prepare or disseminate mining disclosure required under current securities laws for a period of three years except under the supervision of a director. Dr. Jackson must further pay CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $10,000 to the BCSC to cover the costs of the investigation. Finally, Dr. Jackson cannot act as a director of a public company until he successfully completes a course on the duties and responsibilities of directors and officers. Once Dr. Jackson has successfully satisfied the terms of his settlement agreement with the BCSC, his ability to act as a director for the Company is subject to TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. approval. The BCSC is an independent provincial government agency responsible for regulating securities in the province of British Columbia. A complete copy of Dr. Jackson's settlement can be viewed on the BCSC website at www.bcsc.bc.ca by typing Dr. Jackson's name in the search box. Continental Precious Minerals Inc. is pleased to announce the appointment of Mr. Gerard Paul Osika, MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration to the Board of Directors effective January 20th, 2005. Mr. Osika is a financial veteran with over 25 years experience. Before spending eleven years as one of the major partner's of a transportation company, he spent 14 years at Fortune 500 companies. During this period he was a Director of Finance for Pillsbury Canada, and Vice-President for Richardson-Vicks Canada, which included consumer products, such as, Oil of Olay, Clearasil, Vicks Cough and Cold products, Nyquil. With his background Gerard brings both a strong financial and administrative expertise to the Company. The NEX Exchange has not reviewed and does not accept responsibility for adequacy or accuracy of the content of the information contained therein. CONTINENTAL PRECIOUS MINERALS INC. (NEX BOARD:CZQ.H) |
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