January 2, 2009
Prospector Consolidated held its AGM for the year ending July 31, 2008. In attendance were: Vivian Leung of ComputerShare (as scrutineer), Director Joe Milbourne, and Henry Neugebauer acted as Chairman of the meeting. Our CFO, Brad Carlyle acted as secretary of the meeting and one outside shareholder, Brian Carlyle was in attendance.
All agenda items passed – Henry Neugebauer, Joe Milbourne and Michael Easdon were re-elected and the Board welcomes our new Director, Mohammed Hassan Alief. Mr. Alief is a highly regarded and well-known geological engineer who resides in Denver. His engineering skills will be very valuable as we develop our Kalzas tungsten project in the Yukon.
The audited financial statements, as prepared by the auditors Jung & Lee, were approved and the audit firm of Jung & Lee was re-appointed as auditors for the ensuing year.
The stock option plan was approved and there are now 7.6 million share options available as incentive to management. Also the total number of shares which can now be issued is unlimited.
Immediately after the Board meeting, officers were re-appointed: Brad Carlyle, C.F.O.; Fernando de la Fuente, V.P. Exploration and Henry Neugebauer, President.
I want to thank all our shareholders for “hanging in there” during this latest global financial debacle. We have over 400 shareholders – many friends, relations and those others who have become important to me as you have invested in Prospector. We have a good chance to survive because we have solid and valuable assets which we explore and develop. With our strong technical team and our world-class tungsten asset, Prospector will rise to the top.
I am a big shareholder of Prospector and with the share price as low as it is, I encourage you to participate before the general market place recognizes the intrinsic value of our assets.
Happy New Year for all of us in 2009
Henry Neugebauer
President |
