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fairmont resources inc (FRSSF) Snapshot

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fairmont resources inc (FRSSF) Details

Fairmont Resources Inc. is engaged in the acquisition, exploration, and development of mineral properties in Canada. It holds an option to hold a 100% interest in the Marmion South Contact property that consists of 47 mineral claims covering 8,208 hectares located to the west of Thunder Bay; a 100% interest in the Houghton Creek property, which comprises 10 claims covering 1,312 hectares located in the Patricia Mining Division, Ontario; and a 70% interest in the Powell-Clay property located near Thunder Bay, Ontario. The company was formerly known as Strike Explorations Corp. and changed its name to Fairmont Resources Inc. in April 2009. Fairmont Resources Inc. was incorporated in 2007 and is headquartered in Vancouver, Canada.

Founded in 2007

fairmont resources inc (FRSSF) Top Compensated Officers

Chief Executive Officer, President and Direct...
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Chief Financial Officer, Secretary, Director ...
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Compensation as of Fiscal Year 2013.

fairmont resources inc (FRSSF) Key Developments

Fairmont Resources Inc., Annual General Meeting, Jul 28, 2014

Fairmont Resources Inc., Annual General Meeting, Jul 28, 2014., at 11:30 US Eastern Standard Time. Location: 600 Orwell Street Unit 14. Agenda: To set the number of directors of the company for the ensuing year at five persons; to elect Neil Pettigrew, Greg Ball, Michael Thompson, Michael Dehn and Ernest Cleave as directors of the company to hold office until the next annual general meeting of the company, or until such time as their successors are duly elected or appointed in accordance with the company's constating documents; to appoint Davidson & Company LLP, Chartered Accountants, as the auditors of the company until the next annual general meeting of the Company and to authorize the directors of the company to fix the remuneration to be paid to the auditors; to receive the audited financial statements of the company for the financial years ended October 31, 2013 and October 31, 2012, and the accompanying report of the auditors; and to consider, and if deemed advisable, approve a resolution ratifying and approving the company's 10% rolling Stock Option Plan as described in the information circular.

Fairmont Resources Inc. Announces Board Changes

Fairmont Resources Inc. announced the appointment of a new director, Mr. Ernest M. Cleave. Mr. Cleave is currently the Chief Financial Officer of Largo Resources Ltd. and a Director of Firesteel Resources Inc. Mr. Cleave is a business professional with over 20 years' experience in finance strategy, M&A, compliance, financial reporting, internal control and strategic planning. He served as Director, Chief Financial Officer, Corporate Controller and in senior finance positions for multi-national companies in the mining, manufacturing and retail sectors, including Bata Limited, Falconbridge Limited, and Goldcorp Inc. He started his career with PricewaterhouseCoopers in 1993 and has also served as Chief Financial Officer for numerous junior mining companies, including Alturas Minerals Corp., Cline Mining Corporation and Grandview Gold Inc. Fairmont also announced the resignation of John Bevilacqua as director.

Fairmont Resources Inc. Auditor Raises 'Going Concern' Doubt

Fairmont Resources Inc. filed its Annual on Feb 27, 2014 for the period ending Oct 31, 2013. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

 

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