Nice letter from the Amundsons.
"To the Directors (past & present), Shareholders and friends of MG Natural Resources Corporation:
The time has come for Mike & Jeanne Amundson to move on with new adventures. After making this decision, we began reminiscing about individuals and events that have occurred since our involvement with MG began in the fall of 1996.
MG Gold Corporation (known as MG Natural Resources Corporation since November 1998) was formed in August 1996 as a Nevada Corporation. Mike originally functioned as a General Manager for the company until January 13, 1997. On this date, the shareholders of Mariah International and Guildmark Industries voted to merge their companies into MG Gold Corporation. This formation was the inspiration of V.L. Furlong and accomplished with the able assistance of Lionel Dorsay, Billie J. Allred, Paul E. Mentzer, Jerry Zell and Mike Amundson. This group combined to create the first Board of Directors. Jeanne Amundson was immediately appointed as Corporate Secretary/Treasurer.
The Board of Directors changed with the retirement in October 1997 of Lionel Dorsay followed by Jerry Zell in May 1998. The first MG Gold Annual Meeting in May 1998, brought James Rapisarda and Ronald Weidner to the Board of Directors. Jim and Ron arrived with numerous talents and experiences as well as a genuine passion for the success of the company.
September 1998 saw the retirement of Lee Furlong and Paul Mentzer followed by the November retirement of Billie J. Allred. September also brought the election of Ann Templin, Jeanne Amundson and Stephen Plumb to the Board of Directors. Jeanne continued to also serve as Corporate Secretary/Treasurer and Steve continued as Chief Financial Officer. Mike was elected President and CEO of the Company.
The retirement from the Board of Anne & Ron at the end of 1998, was a major loss of dedicated talent.
The Johnson/Lett involvement formally began in November 1998. They proved to the satisfaction of the Board of Directors, that they had the technology for assay and recovery of precious metals from our Sinagua Cinder Cone ore. Subject to shareholder approval, (given 5/7/99) MG Natural Resources agreed to purchase their technology for thirteen million restricted common shares in the company.
The May 7, 1999 Shareholder Annual Meeting held in Phoenix, was a major highlight of the Amundson involvement with the company. Expectations were high! More than 120 people attended the meeting. Dr. Johnson?s projections to put the company into limited production would prove beyond any doubt that the technology worked. This date also saw the election of Austin Lett and James Lanshe to the Board of Directors.
Austin Lett took over the reigns of MG Natural Resources on October 30, 1999 as the President, CEO and Chairman of the Board. Alvin Johnson was also elected as a Director.
With the retirement of Jim Rapisarda on April 4, 2000, the MG Board lost an experienced, knowledgeable talent in marketing and shareholder relations.
Effective June 1, 2000, Mike and Jeanne Amundson are formally leaving the Board of Directors of MG Natural Resources Corporation. MG will always hold a special spot in our hearts because of the many wonderful people we have had an opportunity to get to know. The warm, encouraging phone calls, (and those with constructive criticism) e-mails, letters and personal visits from so many of you will be treasured for the rest of our lives. We consider these people, cherished friends met as a direct result of our involvement with MG.
As we join those MG supporters who function as shareholders only, we too will look forward to shareholder press releases about the company?s progress. We wish the current management nothing but the best as they follow a line of predecessors who had a deep passion for the success of MG Natural Resources."
Most sincerely,
Mike & Jeanne Amundson |
