Last C$0.06 CAD
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Venture
OTC US
As of 5:00 PM 06/6/14 All times are local (Market data is delayed by at least 15 minutes).

mbmi resources inc (MBR) Snapshot

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mbmi resources inc (MBR) Details

MBMI Resources Inc. engages in the acquisition, exploration, and development of mineral properties, primarily nickel in the Philippines. It primarily holds a 60% interest in the Bethlehem, Mt. Bulanjao, and Malatgao properties; 60% interest in the Alpha property; and 64% interest in the Homonhon, Gen. MacArthur, Borongan-Maydolong, and Giporlos properties. The company is headquartered in Richmond Hill, Canada.

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mbmi resources inc (MBR) Key Developments

MBMI Resources, Inc. Announces Executive Changes

MBMI Resources, Inc. announced that Eric Chan has been appointed as its Chief Financial Officer. Mr. Chan, a Chartered Accountant who is in public practice, was an assurance partner at a medium-sized public accounting firm for 21 years, providing advisory, assurance, non-assurance, financing, tax planning, and merger and acquisition services to businesses in Canada for over 30 years. His experience covers many industries, including finance and investment, manufacturing, retailing, wholesaling and distribution. Mr. Chan currently serves on the Board of Directors of Kam and Ronson Media Group Inc. as well as several Canadian private companies. In connection with this appointment, Ming Shun Cheng resigned as interim Chief Financial Officer of the company.

MBMI Resources To Transfer From TSX Venture Exchange To NEX

In accordance with TSX Venture Policy 2.5, MBMI Resources, Inc. has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective at the opening on December 6, 2013, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Vancouver to NEX. As of December 6, 2013, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market. Further to the Exchange Bulletin dated June 7, 2013, trading in the shares of the Company will remain suspended.

MBMI Resources, Inc. Announces Executive Changes

MBMI Resources, Inc. announced that on October 18, 2013, John Hoi Charm Wong and Sam Yim Chiu Kwan resigned as members of the company's Board of Directors and as President and CEO and as Chief Financial Officer, respectively. The Board of Directors of the company has appointed Joseph Shuen Chuen Chan as interim President and Chief Executive Officer of the company, and Ming Shun Cheng as interim Chief Financial Officer of the company. Both Mr. Chan and Mr. Cheng are Executive Directors of Harmony Asset Limited. Mr. Chan is currently a member of the Board of Directors of MBMI. Mr. Cheng has over 20 years of experience in management accounting, corporate administration and financial management. In addition to serving as an Executive Director of Harmony, he also serves as the Chief Financial Officer of that company.

 

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