Noront Resources

Mustangman

To answer your first question, why weren't shareholders told?

Most corporations like to appear stable and reliable in their management and goals. Changing a CEO can dynamically change the course of any company and how shareholders perceive it (think about the upheaval of Rosseau coming in - yuk). That kind of announcement creates uncertainty in the market and attracts unsolicited candidates. I don't think Noront was being deceptive with shareholders, just prudent with reason. We have a board of directors that are supposed to make these kinds of decisions on our behalf. We also have the advantage of having a CEO, Richard Nemis, that the board and shareholders respect to help guide the process. Notifying the public of a search for a CEO just muddies the waters and makes the search harder.

As for your second question, I was wondering about that myself. Posters?