What do you make of the recent announcements? Do these guys know how to make a stock move or what?????......apparently not. There's not even a description of how an oil/gas-focused director is going to help the Company or add shareholder value. However, there is enough information to give us the impression that he may be somewhat busy doing his thing for some other non-related companies (at least 4 according to the info.) rather than focusing on what needs doing at Riosun. Provided of course that he doesn't cash-in his options right away and disappear like some of the previous directors..... Then again, maybe we're changing focus again (remember the China gold) and there's a great oil and gas play on the famous properties that to date don't seem to have produced so much as a nickel for the Company.
Please excuse my sarcasm but surely there has to be some good news!!!??? This just seems to further dilute the value of our holdings.
Well I'm sure there'll be a few things that the small shareholder wants to say at the AGM this year. I'll bet they move the venue to Madagascar to avoid us all.
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FOR: RIOSUN RESOURCES CORPORATION
VSE SYMBOL: RSR
FEBRUARY 3, 1998
Riosun Resources Corporation Company Announcement
CALGARY, ALBERTA--The Company wishes to announce that the Board of
Directors has approved the stock options in the amount of 546,017,
at a price of $0.38, subject to the approval of the Vancouver
Stock Exchange. 200,000 of these options are designated for Mr. Don Copeland, who was recently appointed to the Board. The remaining options will be placed in a Stock Option Plan, which will be submitted to the Vancouver Stock Exchange for approval.
FOR: RIOSUN RESOURCES CORPORATION
VSE SYMBOL: RSR
JANUARY 30, 1998
Riosun Resources Appoints Don D. Copeland to Board
CALGARY, ALBERTA--The Company is pleased to announce the
appointment and acceptance of Mr. Don D. Copeland P. Eng., to the
Board of Directors effective immediately. Mr. Copeland is
President and Co-founder of Codeco Consulting (1994) Inc. He has
directed and managed the growth of Codeco to its present levels,
which sees the firm as one of the most dominant and well respected
consulting engineering services in the oil and gas industry.
Mr. Copeland currently serves on the boards of two Toronto Stock
Exchange listed oil and gas companies, and two Alberta Stock
Exchange listed oil and gas service companies. |
