SECTION 5 – Corporate Governance and Management
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On February 24, 2012, Mr. Tony Langford resigned as our Chief Executive Officer, Principal Executive Officer, Chief Financial Officer, Principal Financial Officer, Secretary and Treasurer. There was no known disagreement with Mr. Langford on any matter relating to the Company’s operations, policies or practices. Subsequently on February 24, 2012, the board of directors filled the vacancies created by Mr. Langford’s resignation by appointing Mr. Piero Sutti-Keyser (Age: 37) to fill the positions of Chief Executive Officer and Principal Executive Officer and Mr. Gilberto Zapata (Age: 30) to fill the positions of Chief Financial Officer, Principal
Financial Officer, Secretary and Treasurer.
On February 24, 2012, the board of directors also appointed Gordan Sredl (Age: 39) to serve as member of the board of directors until the next annual meeting of the shareholders or until removed by other action as allowed by the corporate bylaws.
There are no family relationships between Messrs. Sutti-Keyser, Zapata and Sredl and any other of our directors or executive officers. Each of Messrs. Sutti-Keyser, Zapata and Sredl have not had any material direct or indirect interest in any of the Company’s transactions since the beginning of the Company’s last fiscal year or in any currently proposed transaction.
The following sets forth biographical information for each of Messrs. Sutti-Keyser, Zapata and Sredl.
Piero Sutti-Keyser. Mr. Sutti-Keyser was appointed to serve as a member of our board of directors in October 2011. In 2005, Mr. Sutti-Keyser joined Sterling Mining de Mexico, SA. de C.V. as administrative manager for this exploration and production mining company. In 2006 to 2008, Mr. Sutti-Keyser was promoted to country manager for Sterling Mining de Mexico, SA. de C.V. Since 2008, Mr. Sutti-Keyser has worked as Vice-President responsible for management of administration, acquisition and oversight of exploration programs and as a member of the Board of Directors for LitioMex S.A. de
C.V., a privately held exploration mining company in Mexico.
Gilberto Zapata. In 2008, Mr. Zapata joined LitioMex S.A. de C.V., a privately held exploration mining company in Mexico, and currently serves as its Chief Financial Officer. From 2006 to 2008, Mr. Zapata worked as a general accountant at Sterling Mining De Mexico, an exploration and production mining company in Mexico. Mr. Zapata has also served since January 2010 as a consultant to Santa Fe Metals Corp., a company public traded on the Toronto Stock Ventures Exchange.