Canadian CFOs on the Move - week ending May 20, 2011

Companies with CFOs on the Move this week include: Redline Communications Group Inc., Mongolia Growth Group Ltd., Silvermex Resources Inc., Continental Gold Limited, Continental Nickel, Petro-Reef Resources Ltd., QHR Technologies Inc., Sherbrook SBK Sport Corp., High Arctic Energy Services Inc.


Redline Communications Group Inc. (TSX: RDL) announced that George Kypreos will join the Company as its new Chief Financial Officer ("CFO"). He served most recently as Chief Financial Officer with TSX-listed Xenos Group Inc. Prior to this, he was Chief financial Officer of SAMSys Technologies Inc, a Canadian public technology company offering Radio Frequency Identification hardware solutions. Kypreos replaces former CFO Bruce MacInnis.

Mongolia Growth Group Ltd. (CSNX: YAK) announced the hiring of Matthew Aiken as MGG's new Chief Financial Officer. Mr. Aiken is replacing Jordan Calonego, the Company's COO, who served as interim CFO while MGG conducted a search for a permanent CFO. He was most recently employed as a Manager with BDO Canada in its Auditing department in the Mississauga, Ontario office.

Silvermex Resources Inc. (TSX: SLX) announced the appointment of Lisa Dea as its Vice President, Finance and Chief Financial Officer. Prior to joining the Company, Ms. Dea was the Vice President, Finance and Chief Financial Officer of Polaris Minerals Corporation (“Polaris”), a TSX listed Company, from 2006. Before joining Polaris, Ms. Dea spent eleven years at Deloitte &Touche LLP, achieving the position of Senior Manager. Hallein Darby has stepped down as CFO to pursue other ventures. Ms. Darby joined the Company in November 2008, as Senior VP Finance and was appointed CFO in March 2010.

Continental Gold Limited (TSX: CNL) announced the appointment of Paul Begin as the Company's new Chief Financial Officer ("CFO”). Mr. Begin joins Continental from Hanfeng Evergreen, Inc., where he served as CFO and Corporate Secretary. Prior to Hanfeng Evergreen Inc., Mr. Begin served as the former CFO and Vice President of Trilliant Incorporated and OZZ Corporation. Mr. Begin succeeds Keith McKay, who is also CFO of Dalradian Resources Inc. Mr. McKay will remain with the Company through a transition period.

Continental Nickel (TSX-V: CNI) announced the appointment of David Massola as President and Chief Executive Officer of the Company, effective June 27, 2011. For the past 4 years, Mr. Massola served as Senior Vice President and CFO of GlobeStar Mining Corporation. Prior to GlobeStar Mr. Massola spent 5 years as the Chief Financial Officer for De Beers Canada Inc. and 20 years with BHP-Billiton in a broad range of increasingly responsible roles.

Petro-Reef Resources Ltd. (TSX-V: PER) announced that Hugh M. Thomson has been appointed Vice President Finance and Chief Financial Officer of the Company. Mr. Thomson has been a Senior Officer and Director of several public companies on the TSX-V for the past 18 years. He was previously VP Finance & CFO, Director and Co-Founder of Relentless Resources Ltd., a publically traded (TSX-V) oil and gas company based in Calgary Alberta. Mr. Thomson replaces Alisdair Leeson as VP Finance and CFO.

QHR Technologies Inc. (TSX-V: QHR) named John K. Gillberry as the Company's Chief Financial Officer and Executive Vice President. Mr. Gillberry is currently a member of the board of directors of WiLAN Inc. (TSX: WIN) as well as being active with a number of not for profit organizations. Mr. Gillberry is replacing Charles LaFleche who provided interim CFO assistance to the Company since May 2010.

Sherbrook SBK Sport Corp. (TSX-V: SBK) announced the appointment of Marc-André Watson as Vice President of Finance as well as Chief Financial Officer. Mr. Watson has, since 2007, been Head of Finance of Gurit (Canada) Inc. He was previously Director of Finance and Administration and Controller with Drolet Group (Sherwood-Drolet, Inglasco). Mr. Watson replaces Paul St-Louis who resigned from all office previously held in SBK Sports Corp.

High Arctic Energy Services Inc. (TSX: HWO) announced the resignation of Morley Myden as Chief Financial Officer with effect on June 17, 2011. Mr. Myden has been the Chief Financial Officer since March 2008.

If you have news about CFOs on the move, or any comments on this feature, please email us.

Canadian CFOs on the Move - week ending May 6, 2011

Great Panther Silver Limited (TSX: GPR, NYSE Amex: GPL) announced the appointment of Martin Carsky to the newly created position of Executive Vice President and Chief Financial Officer, effective June 1, 2011, and is therefore stepping aside as an independent director. Mr. Carsky is currently the CEO of Con-Space Communications Ltd. a member of the Savox Group of Companies, a position he will be leaving to take on this new role. In the past, he has been the CEO or CFO of several Vancouver-based public and private businesses and was formerly a director and chairman of the audit committee for Spectrum Signal Processing, Pacific Safety Products and Con-Space Communications. He currently serves as audit committee chairman and independent director on the board of Cangold Limited. Mr. Carsky replaces Raakel Iskanius who is resigning as the Company's CFO for personal reasons. Ms. Iskanius will remain on as a consultant to the Company.

Royal Coal Corp. (TSX-V: RDA, FRANKFURT: RLC) announced the appointment of Jeff Lowe as Chief Financial Officer. Mr. Lowe brings to Royal Coal a diverse financial acumen across multiple industry segments including coal production and significant expertise in public company treasury/corporate finance, sophisticated financial and commodity risk management, as well as corporate development.

Anterra Energy Inc. (TSX-V: AE.A) announced that Qiping Men has been appointed Vice President, Finance and Chief Financial Officer of Anterra. Mr. Men previously held the position of Controller of Anterra. Mr. Men has nine years' experience as an engineering manager in a manufacturing company, and extensive accounting experience in public accounting firms. He has provided accounting services to private and public oil and gas companies in Calgary including a company listed on the TSX Venture Exchange.

RONA (TSX: RON) announced that Claude Guevin will leave his position as the Corporation's Executive Vice President and Chief Financial Officer on June 3, 2011. Marie-Claude Lalonde, Vice President and Corporate Controller, will assume the financial management of the Corporation on an interim basis. Marie-Claude has 25 years of experience at RONA.

IBI Group Inc. (TSX: IBG) announced the appointment and commencement of work of its new Chief Financial Officer, Anthony (Tony) Long.

Copper Fox Metals Inc. (TSX-V: CUU) announced that its Chief Financial Officer, Murray Hunter, has decided to resign in order to devote more time to his growing public practice. The Company would like to record its appreciation to Mr. Hunter for his contribution to Copper Fox since its inception some seven years ago, and to wish him continued success in his future endeavors. During the interim, Catherine Henderson, currently the Corporate Comptroller will assume the role of interim Chief Financial Officer.

Biomass Secure Power Inc. (Pink Sheets: BMSPF) announced that Murray Swales has been appointed CFO of the Company. Mr. Swales has been involved with public companies and their operating and financial reporting requirements for more than a quarter century, and has served as an officer and/or director of several reporting issuers since 1980.

Long Harbour Capital Corp. (TSX-V: LHC) announced the appointment of Charles Austin as Chief Financial Officer ("CFO"). Mr. Austin, a co-founder of the Company, has and brings extensive experience in business development, corporate governance and early-stage risk capital. He is an officer and director of Central Asia Mining Corp. and of Bamet Resources Corp., both of which are private companies active in exploration of precious and base metals in Southeast and Central Asia. As the President of Austin & Briggs Investments Inc., Mr. Austin is an active angel investor in sectors including real estate and alternative energy.

Hana Mining Ltd. (TSX-V: HMG, FRANKFURT: 4LH) announced the appointment of Paul Taggar as the new Chief Financial Officer ("CFO") of the Company. Matthew ("Matt") Kavanagh, the outgoing CFO, has resigned to pursue other opportunities. Mr. Taggar joins Hana from Fronteer Gold Inc. where he spent the last 5 years as Corporate Controller until the acquisition of Fronteer Gold by Newmont Mining Corp. (TSX: NMC, NYSE: NEM) for Cdn$2.3 billion in April 2011.

Prophecy Resource Corp. (TSX-V: PCY, OTCQX: PRPCF, FRANKFURT: 1P2) announced the appointment of David Jan as the Company's Chief Financial Officer. Mr. Jan joins Prophecy from Western Coal Corp., where he held the position of Head of Investor Relations prior to its merger with Walter Energy Inc. Over the past 20 years Mr. Jan has also held progressively senior financial positions in other natural resource companies.With Mr. Jan's appointment, Irina Plavutska, formerly the company's Interim Chief Financial Officer, has been appointed Corporate Controller of the company.

Foran Mining Corporation (TSX-V: FOM) announced the appointment of Tim Thiessen as Chief Financial Officer of the Company. Mr. Thiessen has 13 years of international experience in both public accounting and the mining industry. Most recently he was CFO of Aurcana Corporation, a publicly listed silver and copper producerPreviously he held various positions with Endeavour Financial Ltd., Endeavour Mining Capital Corp. and with Deloitte LLP. Mr. Thiessen replaces Allyson Stephens who has been CFO for the past five years.

Imvescor Restaurant Group Inc. (TSX: IRG) announced the resignation of William Lane from the role of Chief Financial Officer. Mr. Lane has agreed to stay on for a period of time as Executive Vice President Restructuring to assist the Company in completing the strategic exit of underperforming locations. The Company is pleased to announce today that Ming-Ming Wong has been named Interim Chief Financial Officer. Ms. Wong has been the Vice President of Finance with IRG and has worked closely with Mr. Lane over the past 7 years in the Company's finance group.

Ranaz Corporation (TSX-V: RNZ) has appointed Alain Lévesque as its new Chief Financial Officer (CFO), replacing Paul Guay who has resigned as interim CFO. Mr. Guay will continue as an advisor to Ranaz’s President. Mr. Lévesque, an independent consultant, has previously worked for Raymond Chabot Grant Thornton and Deloitte. Mr. Lévesque currently is also CFO of INTERIM Capital, a bridge loan financing company to small and medium sized enterprises.

Canfor Corporation (TSX: CFP) announced the appointment of Alan Nicholl as Senior VP, Finance and Chief Financial Officer. Mr. Nicholl joined Canfor in 2008 and prior to his recent appointment served as Corporate Controller. Prior to his employment at Canfor, Alan spent 10 years in senior finance positions within the forest industry. Mr. Nicholl is replacing Tom Sitar.

If you have news about CFOs on the move, or any comments on this feature, please email us.

When CFOs leave: Perception is Reality

Followers of this blog know that we keep track of CFOs on the Move. We have been doing this feature every week for almost a year now, and have watched many CFOs be promoted, hired, fired, resigned and replaced. Our feedback on this blog has been very positive, and knowing that our clients, candidates and competitors follow our reporting of these moves shows the importance and appreciation of this relevant and timely information.

What fascinates me in each and every one of these moves is the story behind the press release. Being that we are involved in CFO moves with our clients and being privileged to be aware of the real story behind the moves, we know that each story is unique as well as interesting.

A recent article in the Financial Times by Francesco Guerrera, Fears Over CFO Changes on Wall Street discusses what happens when people do not know the reason of departure of CFOs – they think what they want to think. Knowing human tendencies, thinking that “leaving for personal reasons” means the worst is not surprising. Charles Elson, director of the Centre of Corporate Governance at the University of Delaware was quoted in the article:

“The departure of a CFO is a reason for concern and investors need a full explanation of their reasons and rationale to allay their fears,”

While I agree with Mr. Elson’s logic that investors need a full explanation, I believe that is naïve to think that a “full explanation” will ever be given.

First, as anyone who has been through (or has had close friends who have been through) a divorce knows, there are 3 sides to every story – the husband’s story, the wife’s story, and the truth. I don’t believe a “full explanation” is possible to be determined and agreed upon. When a CFO leaves for “personal reasons”, it could mean practically anything.

Second, privacy concerns dictate that a “full explanation” is not possible. Could the CFO have believed that there were ethics issues at the company? Could the CFO have a health problem? Could the CFO and the CEO not be getting along? Could the CFO have been sexually harassed? Yes, Yes, Yes and Yes. These are all possibilities. But can we expect a “full explanation”? I don’t believe so.

I do believe that the more information that is provided upon a CFO departure will make investors comfortable. The challenge CEOs and Boards face on this topic, as we see in this article, is that when you provide less information, there is a perception that something is going on. And with this lack of information, the perception is that things are not going well.

My advice to the CEO and Board on a CFO departure: Manage the perception better for a better reality.

Canadian CFOs on the Move - week ending April 22, 2011

Companies with CFOs on the move this week include: Emera Inc., Conway Resources Inc., Gold-Ore Resources, New Millennium Capital Corp., Coronet Metals Inc., CYGAM Energy Inc., Catalina Metals Corp., Nextraction Energy Corp., Inspiration Mining Corporation


Emera Inc. (TSX: EMA) announced that Judy Steele has been appointed interim Chief Financial Officer effective May 16, 2011. Ms. Steele is replacing Nancy Tower who was recently appointed CEO for Emera Newfoundland and Labrador, and Executive Vice President of Business Development for Emera. Ms. Steele is presently the Vice President of Finance for Emera Energy Inc., and a member of its Executive Team. Prior to joining Emera Energy, Ms. Steele worked in a variety of capacities across Emera's business including Investor and External Relations, Strategy Development, and Regulatory Affairs. Ms. Steele is a Director of Film Nova Scotia, a Crown Corporation of the Province of Nova Scotia; and a former Director of The Halifax Port Authority, and Chair of its Audit Committee. She is well known for her community leadership, which has included serving as Treasurer of the 2011 Canada Winter Games, and as National Chair of The Canadian Breast Cancer Foundation (the "Run for the Cure").

Conway Resources Inc. (TSX-V: CWY) announced the appointment of Gilles Rochette as Chief Financial Officer and a Director of the Corporation. Mr. Rochette replaces Francois Kalos, who has resigned as a Director and Chief Financial Officer and will henceforth be in charge of corporate development for the Corporation. Mr. Rochette has acquired 20 years of experience in the accounting industry working for accounting firms, financial institutions and companies. He specializes in project and treasury management.

Gold-Ore Resources (TSX: GOZ) announced the appointment of Michael Kerfoot to the position of Chief Financial Officer, replacing Maricruz Alvarado. Most recently, Mr. Kerfoot was the CFO for Panoro Minerals, an exploration company with two advanced stage exploration copper porphyry properties in Peru. Prior to that, he was the Controller at a tungsten mining company.

New Millennium Capital Corp. (TSX-V: NML) announced that Mark Freedman, currently acting as interim Chief Financial Officer of the Corporation, has now been confirmed as Chief Financial Officer.

Coronet Metals Inc. (TSX-V:CRF.H) announced that Theo van der Linde has been appointed Chief Financial Officer. Mr. van der Linde currently provides financial consulting, management and accounting services to Public companies. During the last seven years of his career Mr. van der Linde has worked with Etruscan Resources Inc. and ended up as the CFO for Burkina Mining Company in Burkina Faso.

CYGAM Energy Inc. (TSX-V: CYG) announced that Ali Rawji will resign from his position of Chief Financial Officer effective June 1, 2011.

Catalina Metals Corp. (TSX-V: CTX.H) announced that Ian Gallie has resigned as Chief Financial Officer and director of the Company. Alec Peck has been appointed as Chief Financial Officer. Mr. Peck brings more than 25 years experience in the financial markets. From 1986 until 1993, he was a partner in Toronto and then Vancouver with member offices of the international public accounting firm Horwath International. From 1993 until March, 2004, he was a vice-president in the corporate finance group of publicly listed full-service investment dealers, first with CM Oliver and then Canaccord Capital Corp., which acquired CM Oliver.

Nextraction Energy Corp. (TSX-V: NE) announced that Scott David Badcock has been appointed as Chief Financial Officer. Prior to joining Nextraction, Mr. Badcock was employed by two of the world's largest professional service firms, Ernst & Young and Deloitte & Touche and has extensive oil and gas industry experience serving such clients as Paramount Resources Ltd., MGM Energy Corp. and British Petroleum PLC in Calgary, Alberta.

Inspiration Mining Corporation (TSX: ISM, FRANKFURT: OI8) announced that James Davis, its Chief Financial Officer (CFO), is retiring from the company. Inspiration is pleased to report that Mr. Davis will be succeeded by Peter Anderson as its new Chief Financial Officer. Mr. Anderson was formerly the Vice President Finance of Stratacon Inc. Prior to joining Stratacon Inc., Mr. Anderson was the Chief Financial Officer of Gas Recovery Systems LLC, a major U.S. based landfill gas to energy company.

If you have news about CFOs on the move, or any comments on this feature, please email us.

Canadian CFOs on the Move - week ending February 25, 2011

Companies with CFOs on the move this week include: Argentum Silver Corp., Eaglewood Energy Inc., Panoro Minerals Ltd., Blue Note Mining Inc., Alacer Gold Corp., Compton Petroleum Corporation, Exile Resources Inc., Redstar Gold Corp., Softchoice Corporation, Otish Energy Inc., Mxi® Technologies, Belzberg Technologies, Inc., Canadian Imperial Venture Corp.

Argentum Silver Corp. (TSX-V: ASL) announced that following the closing of its Qualifying Transaction, it has announced that Simon Anderson has been appointed as Chief Financial Officer. Mr. Anderson is the Chief Financial Officer of Arco and is President of S2 Management Inc., a private Vancouver-based company providing financial consulting and corporate advice to private businesses and public companies listed in Canada and the United States. He has served as an officer and director of several companies and has experience in the process of public listing of private companies.

Eaglewood Energy Inc. (TSX-V: EWD) announced that Arlene Weatherdon has resigned as the Company's Chief Financial Officer. She has agreed to remain in a consulting role as long as her services are required. Diana Moes, Eaglewood's Controller, will become interim CFO, taking over many of Ms Weatherdon's duties.

Panoro Minerals Ltd. (TSX-VE: PML, BVLAC: PML, FRANKFURT: PZM) announced the appointment of David W. Huber as Chief Financial Officer, replacing Michael Kerfoot. Prior to joining Panoro, Mr. Huber spent over six years in the Cayman Islands providing CFO and Corporate Secretarial services for the reinsurance industry. He also spent over five years with KPMG in the Cayman Islands and PricewaterhouseCoopers in Edmonton, Alberta.

Blue Note Mining Inc. (TSX-V: BNT) announced the appointment of Daniel Bortoluzzi as Chief Financial Officer in replacement of Robert Therriault who has left the Company. Mr. Bortoluzzi has been the Company's corporate controller since October 2008 and has over fifteen years of experience working with private and public mining and manufacturing companies. Previously, Mr. Bortoluzzi has served as corporate controller of Campbell Resources, Zemex Corporation and Lorbec Metals, and was a manager at Samson Bélair Deloitte & Touche.

Alacer Gold Corp. (TSX: ASR) announced the appointment of Douglas Tobler as Chief Financial Officer. Prior to joining Alacer (formerly Anatolia Minerals) in 2004, Mr. Tobler was president and founder of Falcon Strategic Partners where he provided advisory services to a number of mining, oil & gas, distribution and technology companies.

Compton Petroleum Corporation (TSX: CMT) announced the departure of Leigh Cassidy, Vice President, Finance and Chief Financial Officer ('CFO'). Theresa Kosek, has been appointed to the position of Vice President, Finance and CFO upon Mr. Cassidy's departure. Ms. Kosek has over 16 years of experience in the petroleum industry in roles of increasing responsibility for finance and corporate matters. She has been with Compton for over 11 years and most recently served as Controller for the Corporation. Prior to this, Ms. Kosek was employed by Grant Thornton LLP, providing financial and valuation advice to a number of small to mid-sized petroleum clients. She also serves on the Board and is Treasurer of Lunchbox Theatre.

Exile Resources Inc. (TSX-V: ERI) announced that it has appointed Darren Moulds as the Company's new Chief Financial Officer. Mr. Moulds replaces Graham Warren who has resigned from the management team and will be leaving the Company to pursue other opportunities. Mr. Moulds has held previous management positions including Chief Financial Officer of Africa Oil Corp. and Financial Controller of Upstream Operations for Centurion Energy International Inc. (Dana Gas).

Redstar Gold Corp. (TSX-V: RGC) announced the appointment of Alec Peck as Chief Financial Officer. Mr. Peck takes over from Paddy Nicol, who has been with Redstar since 1995 serving as a director from 1999 and as its CFO since 2003. From 1986 until 1993, he was a partner in Toronto and then Vancouver with member offices of the international public accounting firm Horwath International. From 1993 until March, 2004, he was a vice-president in the corporate finance group of publicly listed full-service investment dealers, first with CM Oliver and then Canaccord Capital Corp., which acquired CM Oliver.

Softchoice Corporation (TSX: SO), announced the appointment of Bill Linton to Chairman of the Softchoice board. Mr. Linton is the Vice President, Finance and Chief Financial Officer of Rogers Communications Inc. Mr. Linton has held various executive level positions throughout his career. In addition to senior roles in finance at SHL Systemhouse Inc., Rogers Wireless and Rogers Cable, Mr. Linton managed the sale of Prior Data Services Inc., to X-wave Solutions while serving as Prior Data's Chairman and Chief Executive Officer.

Otish Energy Inc. (TSX-V: OEI) announced that Iqbal Boga has joined the Company, replacing Chris Hobbs as CFO and Director. He is currently the CFO, Secretary and a director of Taku Gold Corp. (TSX-V: TAK). Mr. Boga was a sole practitioner with I. J. Boga, Chartered Accountant from 1993 to August 2007. He has acted as a director, Chief Financial Officer and Corporate Secretary for various Exchange-listed companies. Mr. Boga was an officer and director of four capital pool companies, all of which have completed Qualifying Transactions.

Mxi® Technologies (www.mxi.com) announced the appointment of Scott Helmer to the role of Chief Financial Officer (CFO). Mr. Helmer brings over 15 years of experience to the role of CFO having previously held senior finance positions with both public and private technology companies in the communications and information security markets. Prior to joining Mxi, Mr. Helmer served as CFO of Galazar Networks and held senior finance roles with ActivCard, Alcatel, and Newbridge Networks.

Belzberg Technologies, Inc. (TSX: BLZ), following a definite agreement to merge itself with Frontline Technologies Corp. through an acquisition of Frontline by Belzberg. The combined entity, will operate under the Frontline brand name. David Evans of Belzberg will continue as VP Finance.

Canadian Imperial Venture Corp. (TSX-V: CQV, Frankfurt: DFM) announced the appointment of Tina Ricketts as Chief Financial Officer and Corporate Secretary for CIVC.

If you have news about CFOs on the move, or any comments on this feature, please email us.

Canadian CFOs on the Move - week ending January 21, 2011

Companies with CFOs on the Move this week: OSI Geospatial Inc., Pason Systems Inc., Sirios Resources Inc., Look Communications Inc., AbitibiBowater, Mercator Minerals Ltd., Meadow Bay Capital Corporation, Southern Arc Minerals, Rare Earth Metals Inc., Portfolio Entertainment, Norsat International Inc., Vecta Energy Corporation, High River Gold Mines Ltd., Ontario Lottery and Gaming Corporation, Entrée Gold Inc., Canada Gold Corporation, Nesscap Energy Inc., Redline Communications Group Inc.


OSI Geospatial Inc. (TSX: OSI) announced the appointment of Jim Girard as Vice President Finance and Secretary of the Company. Mr. Girard joined OSI Geospatial in 2008 as Director of Finance, and, in 2010, he was promoted to Vice President Corporate Development. Mr. Girard takes over from John Sentjens who has decided to pursue new opportunities and will continue working with the Company through a transition period.

Pason Systems Inc. (TSX: PSI) announced the appointment of David Elliott to the position of Chief Financial Officer (CFO). For the past 4 years, Mr. Elliott has been at Pason in the role of Corporate Treasurer. Prior to joining Pason, David was the Treasurer for United Farmers of Alberta, which is the largest retail co-operative in Canada. He has also held senior finance positions with Canada Safeway and Turbo Resources.

Sirios Resources Inc. (TSX-V: SOI) appointed Frederic Sahyouni as Chief Financial Officer and secretary of the company. For nearly three years, Sahyouni has acted as assistant to the president of Sirios, handling, among other things, the company's finances and investor communications.

Look Communications Inc. (TSX-V: LOK, LOK.A) announced that C. Fraser Elliott has been appointed as the Chief Financial Officer of the Company to replace interim Chief Financial Officer, Mr. McCutcheon. Since 1987, Mr. Elliott has been the president of CFE Financial Inc., a private investment banking company. In addition, from Jan. 1, 2005, Mr. Elliott was chief financial officer of Tangarine Payment Solutions Corp. Mr. Elliott was involved in both the listing on the TSX Venture Exchange in 2005, and the subsequent successful sale of the business in 2009. Mr. Elliott is also the executive chairman of the board of directors of Gowest Amalgamated Resources Ltd. and a director of Sylogist Inc., which companies are both listed on the TSX Venture Exchange.


AbitibiBowater (TSX: ABH, NYSE: ABH) announced the selection of a new Executive Team, including William G. Harvey, Senior Vice President and Chief Financial Officer. Mr. Harvey served most recently as Executive Vice President and Chief Financial Officer for AbitibiBowater Inc. He previously was Senior Vice President and Chief Financial Officer of the Company from October 2007 to July 2009. Mr. Harvey served as Executive Vice President and Chief Financial Officer of Bowater Incorporated from August 2006 to October 2007, and as Senior Vice President and Chief Financial Officer and Treasurer of Bowater from 2005 to 2006.

Mercator Minerals Ltd. (TSX: ML) announced the appointment of Mark W. Distler as Chief Financial Officer of the Company. Mr. Distler possesses senior-level financial executive experience, including positions with publicly listed mining companies, Frontera Copper Corporation and Freeport-McMoRan (Phelps Dodge Corporation). Mr. Distler holds both a Bachelor of Science in Accounting and has been a Certified Public Accountant since 1989. Mr. Distler takes over from Raymond R. Lee, who has been with Mercator since 2000 serving as a Director since 2000 and as its CFO from 2002 to present, and was one of the founders of the Company. Mr. Lee is retiring from the position of CFO but will continue as an advisor to the company and remains on the Board of Directors.

Meadow Bay Capital Corporation (TSX-V:MAY) announced the appointment of Robert Dinning as Chairman and interim CEO. Mr. Dinning has over 40 years of experience specializing in the junior mining industry. Mr. Dinning is currently Chairman of Paramount Gold and Silver Corp (NYSE/TSX:PZG) operating in Mexico (San Miguel) and Nevada (Sleeper Gold Mine) and also serves as Chief Financial Officer of ATAC Resources Ltd. (TSX-V:ATC).

Southern Arc Minerals (TSX-V: SA) announced the addition of Brian Richardson as Chief Financial Officer, replacing Cyrus Driver who was interim CFO. Mr. Richardson, has over 20 years experience as a CFO and has held senior financial positions for a number of public and private companies. Brian previously worked for Ernst & Young in Toronto and in Hong Kong.


Rare Earth Metals Inc. (TSX-V: RA) announced that Evan Asselstine has been appointed Chief Financial Officer for the Company. Mr. Asselstine is the CFO for Benton Resources Corp and the Controller for Metals Creek Resources Corp.


Portfolio Entertainment appointed Lorraine Rotz to the newly created position of VP Finance. Rotz has held senior financial management positions in Canada and abroad. As Director of Finance at MDS Capital Corp., a leading venture capital company with $1 billion under management, her responsibilities included all aspects of management and shareholder reporting. Most recently, she was Vice President Finance for a leading automotive solutions group, and has held senior positions at Consumers Gas (now Enbridge Inc.) and Ernst & Young in both Toronto and London, England.

Norsat International Inc. (TSX: NII, OTCBB: NSATF), announced that it has appointed Arthur Chin as its new Chief Financial Officer. Mr. Chin succeeds Trevor Greene, who has left the Company to pursue other opportunities. Mr. Chin will take office on February 1, 2011. Mr. Chin was previously with Norsat between 2002 and 2005 and was the Company’s Corporate Controller. Prior to rejoining Norsat, he held senior financial positions mostly in the high technology industry with DDS Wireless International Inc., a TSX listed company that provides wireless mobile data solutions and Ascalade Communications Inc.

Vecta Energy Corporation (TSX-V: VER) announced the appointment of Diane M. Zuber as Vice President Finance and Chief Financial Officer. Ms. Zuber brings a broad range of experience to her new role. She was Senior Financial Analyst at Kinnear Financial Limited; and prior thereto was Manager, Investor Relations at AltaGas Income Trust; Senior Analyst, Business Development at Pengrowth Management Limited; Investor Relations Analyst PrimeWest Energy Trust; Account Manager, Energy Banking, Syndications at ATB Financial; and Financial Analyst, Energy Banking at the Royal Bank of Canada.

High River Gold Mines Ltd. (TSX: HRG) announced the appointment of Yury Lopukhin as Chief Financial Officer and Director of the Company. Mr. Lopukhin currently holds the position of Senior Financial Manager at Severstal Gold LLC, a subsidiary of OAO Severstal. OAO Severstal is one of the world's leading integrated steel and mining companies with listings in Russia and on the London Stock Exchange. Mr. Lopukhin has previously held the position of Chief Financial Officer at OJSC Buryatzoloto. Prior to that, he held the positions of Senior Manager of Strategy at Severstal Resources and Consultant at Russian Investors.

Ontario Lottery and Gaming Corporation appointed Preet Dhindsa as Executive Vice President, Chief Administrative Officer and Chief Financial Officer.


Entrée Gold Inc. (TSX: ETG; NYSE AMEX: EGI; Frankfurt: EKA) announced that it has appointed Bruce Colwill as its Chief Financial Officer effective February 1, 2011. Most recently, Mr. Colwill served as Chief Financial Officer of Transeuro Energy Corp., a public oil and gas company. Between 2001 and 2009, Mr. Colwill served as Chief Financial Officer of Neuromed Pharmaceuticals Ltd. Hamish Malkin will step down from the position of CFO effective January 31, 2011, although he will continue to provide consulting services during a transition period.


Canada Gold Corporation (TSX-V: CI, Frankfurt: T9N, OTC-BB: CNGZF) announced that it has appointed Kelsey Chin as Chief Financial Officer of the Company. Ms. Chin has over 7 years experience in audit, finance and accounting within the mining and exploration industry. As an Executive Officer of TintinaGold Resources Inc. and AsiaBaseMetals Inc., Ms. Chin was involved with numerous financings and spin out transactions and was responsible for all aspects of financial services, financial reporting, and corporate governance.

Nesscap Energy Inc. (TSX-V: NCE), formerly Asian Resource Global Strategies Inc. ("Asian Resource"), is pleased to announce that it has completed its previously announced qualifying transaction (the "Qualifying Transaction") with Nesscap, Inc. ("Nesscap"). Following the completion of the Qualifying Transaction, Paul Haber will be the Interim Chief Financial Officer. Mr. Haber is the Managing Director of Haber & Co. Ltd. which provides corporate finance and capital market advisory services to small and medium-sized businesses. From 2004 through March 2007, Mr. Haber was Vice President, Chief Financial Officer and Corporate Secretary of QuStream Corporation. From 2001 to 2004, Mr. Haber held various positions including Senior Vice President and Chief Financial Officer of Protana Inc.

Redline Communications Group Inc. (TSX: RDL), announced that Bruce MacInnis, Redline's CFO, will be leaving the Company. His departure date is anticipated to be April 30th, 2011. Bruce joined Redline in May 2010 and has been instrumental in guiding the Company through a complex period of financial restatements.

If you have news about CFOs on the move, or any comments on this feature, please email us.

Canadian CFOs on the Move - week ending January 14, 2011

Companies with CFOs on the Move this week include: Abacus Mining & Exploration Corporation, Mountainview Energy Ltd., Liquidation World Inc., Adira Energy Ltd., Petro-Reef Resources Ltd., Hart Stores Inc., AutoCanada Inc., Conway Resources Inc., Cogitore Resources Inc., Central Alberta Well Services Corp., TransAtlantic Petroleum Ltd., Argentex Mining Corporation, Integra Gold Corp.

Abacus Mining & Exploration Corporation (TSX-V: AME) announced the appointment of Ian M. MacNeily as Executive Vice President and Chief Financial Officer. Mr. MacNeily will be responsible for the financial operations and management of Abacus and the KGHM Ajax joint venture. He takes over from Paddy Nicol, who has been with Abacus since 1995 serving as a director from 1999 to 2009 and as its CFO since 2003.

Mountainview Energy Ltd. (TSX-V: MVW) announced the appointment of Angelique Hatch as the Company's Chief Financial Officer. Ms. Hatch has been the Accounting Consultant for Mountainview Energy Ltd for the past 5 years, working with the Company and the Company's Auditors, PricewaterhouseCoopers, LLP to formulate and timely fulfill the Company's financial filing obligations. Ms. Hatch also has a broad range of accounting experience through other sectors including construction, technology, corporate tax and owner managed companies.

Liquidation World Inc. (TSX: LQW) announced that David Becker has been appointed interim Chief Financial Officer of the Company. Mr. Becker will continue to serve on the Board of Directors; however, he will be relinquishing his role as Chair of the Company's Audit Committee. This changes the positions of both Mr. Becker as well as Chris Rath, the Company's current Chief Financial Officer. Mr. Rath will transition from this role into a contract consulting role with the Company effective immediately. Mr. Becker previously held the positions of Chief Financial Officer at both Middlebrook Pharmaceuticals Inc. and at Adams Respiratory Therapeutics Inc., both NASDAQ listed companies located in the United States.

Adira Energy Ltd. (TSX-V: ADL, OTCBB: ADENF, FRANKFURT: AORLB8) announced that Gadi Levin, the CFO of the Company's four Israeli operating subsidiaries, has been appointed Chief Financial Officer of the Company. The Company's current CFO, Mr. Alan Rootenberg, will continue to assist the Company on a consulting basis.

Petro-Reef Resources Ltd. (TSX-V: PER) announced that John Pantazopoulos has resigned as Vice President, Finance and Chief Financial Officer to pursue other career opportunities. He will assist the Corporation in the transition to a new CFO and will remain as a Director of the Corporation.

Hart Stores Inc. (TSX: HIS) announced that Jacques Plante has resigned as the company's Vice President and Chief Financial Officer.

AutoCanada Inc. (TSX: ACQ) announced the appointments of Tom Orysiuk as President and Jeff Christie as Vice-President Finance. Mr. Orysiuk was previously the Executive Vice-President and Chief Financial Officer at AutoCanada and has been with the Company since November of 2005 and prior thereto held a number of senior executive roles. Mr. Christie was previously the Manager, Financial Reporting at AutoCanada and has been with the Company since August of 2008.

Conway Resources Inc. (TSX-V: CWY) announced the appointment of Francois Kalos as Chief Financial Officer of the Company. Mr. Kalos is presently a member of the Board of Directors of Conway. He is presently President and Founder of SOLAK Communications, a financial communication and investor relations firm. During his career, he has worked for communication firms, mining exploration companies and the Montreal Stock Exchange.

Cogitore Resources Inc. (TSX V: WOO) announced that Carmelo Marrelli has been appointed as Chief Financial Officer of the Company. Orest Zajcew has resigned as Chief Financial Officer to focus on other activities. Mr. Marrelli is currently President of Marrelli Support Services, a bookkeeping firm based in Toronto, Ontario.

Central Alberta Well Services Corp. (TSX-V: CWC) announced the appointment Kevin Howell as Chief Financial Officer. Prior to his appointment with CWC, Mr. Howell served as Chief Financial Officer over the last 5 years for Brews Supply Ltd. and IROC Energy Services Corp. Previously, Mr. Howell was the Financial Reporting Manager for Wellco Energy Services Trust and Corporate Controller for Jager Building Systems Inc. Mr. Howell also spent over 5 years with KPMG.

TransAtlantic Petroleum Ltd. (TSX: TNP, AMEX: TAT) announced that Hilda D. Kouvelis will resign from her position as Vice President and Chief Financial Officer of the Company for personal reasons and in pursuit of other interests. Ms. Kouvelis' resignation will be effective immediately after the filing of the Company's Annual Report on Form 10-K for the year ended December 31, 2010. Ms Kouvelis will continue to serve the Company during an unspecified transition period thereafter.

Argentex Mining Corporation (TSX-V: ATX, OTCBB: AGXM) announced the appointment of Jeff Finkelstein as Chief Financial Officer and Treasurer, replacing Valerie Helsing. His background includes senior management positions with junior and senior listed companies, including Silver Standard Resources and Sierra Geothermal Power.

Integra Gold Corp. (TSX-V: ICG) appointed Norman J.R. MacKinnon as CFO. From 1972 to present, Mr. MacKinnon served as a director, primarily in a financial advisory or audit committee role, on the boards of numerous VSE, TSE, TSX Venture and NASDAQ public corporations. He was senior partner in the accounting firm MacKinnon, Sapera, Lewis & McDonald from 1972 to 1984, which specialized in taxation matters and general accounting. Between 1982 and 1984, he served as CFO of Century II Productions Inc., the first Canadian syndicated variety program to be syndicated in the US and successful in television tax shelters. In 1984 he became the sole practitioner of the Chartered Accounting firm, NJR MacKinnon, specializing in tax planning, CFO positions and controllership of emerging public companies.

Canadian CFOs on the Move - week ending January 7, 2011

Companies with CFOs on the Move this week: Oceanic Iron Ore Corp., Terreno Resources Corp., NuLegacy Gold Corporation, Unique Broadband Systems, Inc., Sonoro Energy Ltd., Viper Gold Ltd., Bank of Montreal, Logan Resources Ltd., Melcor Developments Ltd., Sahara Energy Ltd., LMS Medical Systems Inc., North Atlantic Resources Ltd., Symax Lift (Holding) Co. Ltd., Quest Rare Minerals Ltd.

Oceanic Iron Ore Corp. (TSX-V: FEO) announced the appointment of Irfan Shariff as Chief Financial Officer and corporate secretary of the Company, replacing Gordon Keep who was interim CFO, but reamins a director of the company. Mr. Shariff has previously worked as a consultant to a number of junior resource companies based in Vancouver.

Terreno Resources Corp. (TSX-V: TNO) announced the appointment of Gerry Feldman as Chief Financial Officer of Terreno, replacing Jon Lever who remains on the Board of Directors. Mr. Feldman is currently Chief Financial Officer of Pinetree Capital Ltd. as well as several other publicly traded companies. Mr. Feldman also served and continues to serve as a director of other public and private companies.

NuLegacy Gold Corporation (TSX-V: NUG) announced the appointment of Adrian Rothwell to the position of Chief Financial Officer, replacing James Beairsto who recently retired. Mr. Rothwell brings NuLegacy Gold a broad experience in accounting, finance, regulatory matters and corporate finance, and has served as the Chief Financial Officer for a number of venture mining exploration and development companies.

Unique Broadband Systems, Inc. (TSX-V: UBS) announced that Malcolm Buxton-Forman has left the Company as Chief Financial Officer. C. Fraser Elliott has been appointed Chief Financial Officer to replace Mr. Buxton-Forman. Since 1987, Mr. Elliott has been the President of CFE Financial Inc., a private investment banking company. In addition, from January 1, 2005, Mr. Elliott was Chief Financial Officer of Tangarine Payment Solutions Corp. Mr. Elliott was involved in both the listing on the TSX Venture Exchange in 2005 and the subsequent successful sale of the business in 2009. Mr. Elliott is also the Executive Chairman of the board of directors of Gowest Amalgamated Resources Ltd. and a director of Sylogist Inc., which companies are both listed on the TSX Venture Exchange.

Sonoro Energy Ltd. (TSX-V: SNV) announced the appointment of Lance Mierendorf to the position of Chief Financial Officer, replacing Brian Farrell who has served as interim CFO of the Company. Mr. Farrell will continue as a member of the Company's Board of Directors. Most recently Mr. Mierendorf has held the position of Corporate Controller with Buried Hill Energy, a privately held corporation involved in oil and gas activities in Turkmenistan and The Gambia. Prior to this, Mr. Mierendorf was the Middle East Regional Finance Manager for Anadarko Petroleum Corp., overseeing activities in Qatar and Oman. Previously, Mr. Mierendorf held senior finance and management positions with Gulfstream Resources Ltd. in Cyprus, Bonus Resources Services Corp. in Canada and Ivanhoe Energy Ltd. in Siberia, Russia.

Viper Gold Ltd. (TSX-V: VPR) announced that Joseph Del Campo has been appointed interim Chief Financial Officer, replacing Gregory Jerome. Mr. Del Campo has over 30 years of management and accounting experience in the natural resources sector and has been a Director of Viper Gold since August 17, 2010. Mr. Jerome has stepped down as Chief Financial Officer of Viper Gold, a position he has held since February, 2008. Mr. Jerome will continue to work with Mr. Del Campo during the transition period and will remain as a member of the board of directors of the Company.

Bank of Montreal (TSX: BMO, NYSE: BMO) announced the appointment of Tom Flynn as Executive Vice-President and Chief Financial Officer, succeeding Russ Robertson, effective March 23, 2011. Previously, Mr. Flynn was Executive Vice-President and Chief Risk Officer, where he further strengthened BMO's risk function and the management of risk across the organization and provided exemplary leadership while navigating through an historic market environment, a changing economy and regulatory context, and shifting capital requirements. Mr. Flynn joined BMO in 1992 and has served in a number of senior roles. Mr. Flynn continues to report to the President and CEO.

Logan Resources Ltd. (TSX-V: LGR) announced the resignation of Peter F. Cummings as CFO and director, effective December 29, 2010. With the departure of Mr. Cummings, the Company has appointed Anna Ladd to the position of Chief Financial Officer. Ms. Ladd is an experienced financial professional with a wide array of experience in the mining industry and most recently served as the Chief Financial Officer of Sulliden Gold Corporation and Crowflight Minerals Inc. She has also held senior positions with various mining companies including Kinross Gold Corporation and has also worked in Thompson and Sudbury operations for Vale Inco.

Melcor Developments Ltd. (TSX: MRD) announced the appointment of Jonathan Chia as CFO and VP Finance. Jonathan joins Melcor after serving as Corporate Controller and then CFO of an Edmonton-based public company with global operations.

Sahara Energy Ltd. (TSX-V: SAH) announced the appointment of Qiping Men as Chief Financial Officer ("CFO"), replacing Doug James. Mr. Men is a well rounded managerial accountant with over 20 years experience in a wide range of industries and public accounting firms and nine years experience as an engineering manager in a manufacturing company. Mr. Men has a solid accounting experience in public accounting firms and has provided accounting services to private and public oil and gas companies and other businesses.

LMS Medical Systems Inc. (TSX: LMZ) announced that it has accepted Yves Grou's resignation as President and Chief Executive Officer ("CEO") and Chief Financial Officer ("CFO") of the Company. However, Mr. Yves Grou shall remain a Director of the Company. Cameron R. Prange has been duly appointed CEO and CFO of the Company effective January 1, 2011.

North Atlantic Resources Ltd. (TSX-V: NAC) announced the appointment of Kyle Appleby as North Atlantic's Chief Financial Officer, replacing Roderick Chisholm who has resigned. Since 2007 Mr. Appleby has been providing financial, accounting, compliance and other corporate services to companies in diverse industries including junior mining, manufacturing and distribution, technology and nutraceutical products. Prior to 2007 he spent over 8 years in public practice providing assurance services to Canadian companies, with a focus on investment funds. Mr. Appleby is currently also the Chief Financial Officer for Renforth Resources Inc., Takara Resources Ltd and Xylitol Canada Inc.

Symax Lift (Holding) Co. Ltd. (TSX-V: SYL), announced that Xiao Qin (Mary) Ma, the current Corporate Secretary and a Director of Symax, has been appointed as the Company's Interim Chief Financial Officer, replacing Ian Fodie who has resigned as Chief Financial Officer of the Company.

Quest Rare Minerals Ltd. (TSX-V: QRM) announced the appointment of Mark Schneiderman as Chief Financial Officer of Quest, replacing Ronald Kay who will continue to act as a Director. Mr. Schneiderman has been Quest's Treasurer since its incorporation. Mr. Schneiderman was recently the Chief Financial Officer of Freewest Resources Canada Inc. prior to its acquisition by Cliffs Natural Resources Inc in 2010 and has been involved with Freewest since 1996.
 
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Canadian CFOs on the Move - week ending December 23, 2010

Companies with CFOs on the Move this week include: RPT Resources Ltd., United Reef Limited, Evolving Gold Corp., Kiska Metals Corporation, Shoreham Resources Ltd., Sears Canada Inc., High River Gold Mines Ltd., Crowflight Minerals Inc., Ace Aviation Holdings Inc., Bayshore Petroleum Corp., Cougar Oil and Gas Canada Inc., Canadian Phoenix Resources Corp., Malbex Resources Inc., Valeant Pharmaceuticals International, Inc.


RPT Resources Ltd. (TSX-V: RPT) announced the appointment of Ian Habke as CFO. Most recently Mr. Habke was Director of Supply Management for Nexen Inc. Other roles with Nexen have included Finance Director for their UK operations and VP Finance for Yemen. His corporate roles have included President of Nexen Energy Holdings International in the UK and assignments in financial reporting and budgeting and strategic planning.

United Reef Limited (TSX-V: URP) announced the appointment of George Supol as Chief Financial Officer ("CFO") of the Company. The Company also wishes to announce the resignation of Marilyn Turner from her positions as CFO and Secretary of the Company. Mr. Supol is the founder and President of inbusys inc., a Toronto-based consulting firm, which provides both accounting and corporate IT services to its clients. Mr. Supol has been providing accounting and other advisory services to the Company since May of this year and he also acts as CFO for two other TSX listed resource companies.

Evolving Gold Corp. (TSX: EVG, FSE: EV7) announced the appointment of Charles E. Jenkins as its Chief Financial Officer. Vitaly Melnikov, who has served as the Company's Chief Financial Officer since 2008 has left Evolving Gold to pursue other opportunities in the mining exploration and development sector.

Kiska Metals Corporation (TSX-V: KSK) announced the appointment of Adrian Rothwell to the position of Chief Financial Officer, replacing Dorothy Miller who is stepping down as Kiska's CFO to join Evrim Metals Corporation in a similar capacity. Kiska recently sold its Mexican subsidiary to Evrim. Evrim is in the process of listing on the TSX Venture Exchange. Mr. Rothwell is currently Chief Financial Officer of Centurion Minerals Ltd. and MBMI Resources Inc., and has held senior positions within the mining industry for the last 15 years.

Shoreham Resources Ltd. (TSX-V: SMH) announced the appointment of Dorlyn Evancic as Chief Financial Officer ("CFO"). Mr. Evancic has served as CFO for Northern Continental Resources, a uranium exploration company, until its acquisition by Hathor Exploration Limited in November 2009, and was also director and CFO of Gemco Minerals Inc. He currently acts as CFO for Hemisphere Energy Corporation (TSX-V: HME), an oil and gas exploration and development company.

Sears Canada Inc. (TSX: SCC) announced that the Board of Directors of the Corporation has appointed Sharon R. Driscoll as Senior Vice-President and Chief Financial Officer. Ms. Driscoll has held her current position with the Company as Senior Vice-President, Finance, since November of 2008. Prior to joining Sears in 2008, Ms. Driscoll was employed with Loblaw Companies Limited, holding the position of Senior Vice-President, Corporate Development, and before that Senior Vice-President, Finance National Merchandising and Senior Vice-President, Finance Retail Ontario Region. Ms. Driscoll began her employment with Loblaw Companies Limited in 1987. Allen R. Ravas, who was appointed as Sears Canada's Senior Vice-President and Chief Financial Officer in October of 2008, is returning to Sears Holdings as the Chief Administrative Officer of Orchard Supply Hardware of San Jose, California, a majority-owned subsidiary of Sears Holdings Corporation.

High River Gold Mines Ltd. (TSX: HRG) announced the resignation of Andrei Maslov as a Chief Financial Officer and Director of the Company.

Crowflight Minerals Inc. (TSX: CML) announced that David Hunter, Chief Financial Officer has left the Company, and that Derek Liu has been appointed as the Chief Financial Officer and Corporate Secretary.

Ace Aviation Holdings Inc. (TSX: ACE.A, ACE.B) announced that, with effect from January 1, 2011, Brian Dunne, currently Executive Vice President and Chief Financial Officer will become the President of ACE. His new title will be President and Chief Financial Officer. Robert Milton will continue in the role of ACE Chairman and Chief Executive Officer.

Bayshore Petroleum Corp. (TSX-V: BSH) announced that Terry Zimaro has been appointed Chief Financial Officer of the Corporation. Mr. Zimaro replaces Stuart Chow, who had been acting as Interim Chief Financial Officer of the Corporation. Mr. Chow continues to serve as director of the Corporation.

Cougar Oil and Gas Canada Inc. (OTCBB:COUGF) announced that Richard Carmichael will join Cougar Oil and Gas Canada on January 3, 2011 as Vice President, Finance. Richard has over 22 years of oil and gas experience with both Canadian and US reporting - most recently with Steen River Oil and Gas.

Canadian Phoenix Resources Corp. (TSX-V: CXP) announced that John Downes has been appointed interim Chief Financial Officer, replacing Tim Moran.

Malbex Resources Inc. (TSX-V: MBG) announced that Stephanie Malec has been appointed as the Company's Chief Financial Officer effective January 13, 2011. Prior to joining Malbex, Ms. Malec served as Controller at Starfield Resources Inc., and previously at Dundee Precious Metals Inc. She began her career at PricewaterhouseCoopers LLP.

Valeant Pharmaceuticals International, Inc. (NYSE: VRX, TSX: VRX) today announced that Philip W. Loberg, Valeant's former senior vice president and corporate controller, has been named to the role of interim chief financial officer, effective immediately, replacing Peggy Mulligan, former chief financial officer, who has elected to resign in order to pursue other interests. Mr. Loberg joined Valeant in 2000 as treasurer and was appointed chief financial officer of North America in 2006. In 2007, he was appointed to his most recent role of senior vice president, group financial controller. Prior to joining Valeant, Mr. Loberg was the vice president, controller at Calcomp Technology, Inc., a publicly traded, majority-owned subsidiary of Lockheed Martin Corporation, and was acting chief financial officer early in his tenure.

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CFOs on the Move - week ending December 17, 2010

Hamilton Thorne Ltd., Med BioGene Inc., Gold Hawk Resources Inc., King's Bay Gold Corporation, Canada Fluorspar Inc., Silvore Fox Minerals Corp., Intermap Technologies, Blackline GPS Corp., The City of Swift Current, SK, International Minerals Corporation, Canaco Resources Inc., TVI Pacific Inc., Dia Bras Exploration Inc.

Hamilton Thorne Ltd. (TSX-V: HTL) announced the appointment of Michael Bruns as the Company's new Vice President Finance and Chief Financial Officer (CFO). Mr. Bruns was most recently serving as CFO of Dover Saddlery Inc. (NASDAQ: DOVR). Prior to joining Dover, Mr. Bruns served as Vice President of Finance for CPS Direct, and was the Controller for Northeast Mobile Communications. Prior to that, he served as Director of Financial Reporting for St. Johnsbury Trucking Company and as Corporate Controller for R&S Corporation, as well as an Auditor for McGladrey Pullen & Co.

Med BioGene Inc. (TSX-V: MBI) announced the appointment of Scott Davis as Chief Financial Officer in replacement of David Matthews. Mr. Davis is a partner of Cross Davis & Company LLP Certified General Accountants, a firm focused on providing accounting and management contract services for publicly-listed companies.

Gold Hawk Resources Inc. (TSX-V: GHK) announced that Omar Salas, Vice President, Finance and Chief Financial Officer, will be leaving the Company in early 2011 in a planned transition. Gold Hawk also announced that Carlos Escribano is the incoming Vice President, Finance and Chief Financial Officer.

King's Bay Gold Corporation (TSX-V: KBG) announced the return of Ray Prefontaine as the Corporation's Chief Financial Officer. Mr. Prefontaine was a Director from August 2003 to March 2010 and was the Chief Financial Officer from January 2005 until March 2010. Ray is presently the Chief Financial Officer of Mainstream Minerals Corporation (TSX-V: MJO) and a Director of Accolade Resources Corporation (a private company based in Winnipeg, MB). He is currently the Chairman and a Director of the Saint-Boniface General Hospital Auxiliary Inc.

Canada Fluorspar Inc. (TSX-V: CFI) announced the appointment of John A. Higginbotham as its Chief Financial Office. Mr. Higginbotham has had an extensive career in finance, accounting and the capital markets. He most recently served as Chief Financial Officer for RBC Dominion Securities, Inc., and held a number of other senior executive positions during his tenure with RBC which began in 1983.

Silvore Fox Minerals Corp. (TSX-V: SFX) announced the appointment of George Supol as Chief Financial Officer of the Corporation. Mr. Supol is also Chief Financial Officer of Viking Gold Exploration Inc. He is also the founder and President of inbusys inc., a Toronto-based consulting firm which services both corporate I.T. and accounting clients. The Corporation also announced that Cameron McIntosh, Chief Financial Officer, have resigned from his position.

Intermap Technologies (TSX: IMP) announced that Richard Mohr will rejoin the organization as chief financial officer and senior vice president effective January 1, 2011. Richard had previously worked for Intermap from 2003 until 2010 and served as the Company’s chief financial officer during that period.

Blackline GPS Corp. (TSX-V: BLN) announced that Paula Kaner has tendered her resignation as the Company's Chief Financial Officer ("CFO") effective January 20th, 2011. The company is pleased to announce Peter Dorrius will take on the role of interim Chief Financial Officer for Blackline on January 21, 2011. Mr. Dorrius has served as the Company's Controller since July 2010.

The City of Swift Current, SK announced that Tim Marcus, current director of finance, will assume the duties of deputy CAO and Chief Financial Officer.

International Minerals Corporation (TSX: IMZ, Swiss stock exchange: IMZ) announced the appointment of Scott Brunsdon as its new Chief Financial Officer (“CFO”) effective January 3, 2011. Mr. Brunsdon brings to IMZ over 25 years of financial and management experience in the mining sector with both junior and major companies, including 17 years with Placer Dome in the US and Canada. He has also held senior management positions with Dayton Mining, Hillsborough Resources and Revett Minerals. Most recently he was a financial advisor to the CFO for Timmins Gold assisting the company to enhance its internal and public reporting functions as it transitioned to an operating company from a pure exploration company.

Canaco Resources Inc. (TSX-V: CAN) announced the appointment of Shannon Ross to the position of Chief Financial Officer. Ms. Ross began her career in public practice, moved to the mining industry as an internal auditor for Cominco Ltd., and has served as CFO and Corporate Secretary for several mining companies including Northern Orion Resources, ValGold Resources, Sultan Minerals and Emgold Mining. She replaces Jacqueline Tucker, who is leaving the Company to pursue other interests.

TVI Pacific Inc. (TSX: TVI, OTCQX: TVIPF) announced the appointment of Patrick B. Hanna as Chief Financial Officer of the Company. Most recently, Mr. Hanna was Director of Financial Excellence for Kazakhmys Copper Corporation. Prior to that, Mr. Hanna represented Glencore International as Vice-President for Project Finance for its lead and zinc facility, Kazzinc, in Kazakhstan, and High River Gold in its gold mining operation in Russia. Mr. Hanna's experience includes 18 years living and working internationally with various other companies including Gulf Canada Resources, Neste Oil and Ernst & Young. Mr. Hanna will be based in the Calgary office.

Dia Bras Exploration Inc. (TSX-V: DIB) announced the appointment of Ernesto Duran as Chief Financial Officer of the Company in replacement of Mark Shonnard who has tendered his resignation to pursue personal interests.

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Canadian CFOs on the Move - week ending December 10, 2010

This week's companies with CFOs on the Move: Duluth Metals Limited, Geomark Exploration Ltd., Argonaut Exploration Inc., ILI Technologies (2002) Corp., AgriMarine Holdings Inc., Adventure Gold Inc., Cobre Exploration Corp., AndeanGold Ltd., Jazz Air Income Fund, Pason Systems Inc.


Duluth Metals Limited (TSX: DM, DM.U) announced the appointment of a new CFO. The new CFO is Marvin E. Dee. Prior to joining Duluth Metals, Mr. Dee was CFO and COO with Spectrum Plastics Group. Mr. Dee is replacing the former CFO, John A. Francis, who is retiring from the Company.

Geomark Exploration Ltd. (TSX-V: GME) has announced that Garth Schultz, the Company's Chief Financial Officer (CFO), will be retiring effective April 30, 2011.

Argonaut Exploration Inc. (TSX-V: AGA) announced that Dale Hansen has been appointed as the Corporation's Chief Financial Officer and a director. Mr. Hansen replaced Charles Chebry, who resigned as the Chief Financial Officer of the Corporation. Mr. Chebry will continue to serve as a director of the Corporation.

ILI Technologies (2002) Corp. (TSX-V: ILI), announced the resignation of Chief Financial Officer Shamel Costandy, and announced the hiring of Gord Travis into the role of Chief Financial Officer.

AgriMarine Holdings Inc. (TSX-V: FSH, Frankfurt: A2G) announced the appointment of Frank Guo as Vice President and Chief Financial Officer of the Company. Mr. Guo replaces John H. Buchanan, who will continue as a Director of the Company and Chairman of the Audit Committee. Prior to joining AgriMarine, Mr. Guo held the position of Vice President and Chief Financial Officer of Daytek Electronics Corporation, a division of Daewoo International Corporation, a Korea Composite Stock Price Index (KOSPI) listed multibillion dollar company with an extensive international network. Earlier in his career, Mr. Guo was an Accounting Manager of Canadian Tire Corporation, an Auditor of Australian Audit General Office, and a university lecturer in China.

Adventure Gold Inc. (TSX-V: AGE) announced the appointment of Robert Boisjoli to the position of Chief Financial Officer of the Company, following the departure of Khadija Abounaim as CFO of the Company. Mr. Boisjoli is currently a Managing Director at Atwater Financial Group and Chief Financial Officer of Brionor Resources Inc. (TSX-V: BNR). Mr. Boisjoli is also a Director and audit committee chairman of both Aptilon Corporation (TSX-V: APZ) and Mitec Telecom Inc. (TSX: MTM). He previously held the position of Chief Financial Officer of both Topigen Pharmaceuticals and Xanthus Pharmaceuticals Inc. He was also an investment banker with various Canadian securities' firms and contributed to the creation of a mutual fund in the Quebec market.

Cobre Exploration Corp. (TSX-V: CKB) announced that Alec Peck has been appointed as the Company's Chief Financial Officer, replacing Paddy Nicol who resigned his position on the Board of Directors as well his position as Chief Financial Officer.

AndeanGold Ltd. (TSX-V: AAU) announced that David Cross has been appointed Chief Financial Officer of the Company, replacing John Watt who has resigned his position. Mr. Cross is currently a partner in the firm of Cross Davis & Company LLP Certified General Accountants. His past experience consists of senior management positions, including five years at Davidson & Company LLP Chartered Accountants as Manager. Prior to that, he spent six years with Canadian Communication Products Inc. as its Assistant Controller and three years at Chartered Accountant firms. He is also the CFO of several other TSX-V listed junior mining companies

Jazz Air Income Fund (TSX: JAZ.UN, JAZ.DB) announced the appointment of Richard (Rick) Flynn as Chief Financial Officer effective February 28, 2011, to coincide with the retirement of Allan Rowe after a successful career in finance that has spanned more than 30 years. Rick is currently the Vice President of Finance at Jazz, and has held a number of senior roles since he began his career in the airline industry in 1986.

Pason Systems Inc. (TSX: PSI) announced that James (Jim) Glasspoole, Chief Financial Officer, has left the Company. The responsibilities of CFO will be assumed on an interim basis, by James (Jim) Hill, President, and CEO.

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Canadian CFOs on the Move - week ending December 3, 2010

MegaWest Energy Corp. (OTCBB: MGWSF) announced the resignation of Kelly D. Kerr, Vice President Finance and CFO.

Vast Exploration Inc. (TSX-V: VST) announced that it has appointed Darren Moulds as Chief Financial Officer. Mr. Moulds appointment follows the resignation of Gary Lobb. Previously, Darren has held management positions in various financial capacities including the CFO of Africa Oil Corp. and the Financial Controller of Upstream Operations of Centurion Energy International Inc. (Dana Gas).

Longford Energy Inc. (TSX-V: LFD) announced that it has appointed Darren Moulds as Chief Financial Officer. Mr. Moulds appointment follows the resignation of Gary Lobb.

Stetson Oil & Gas Ltd. (TSX-V: SSN) announced that it has appointed Darren Moulds as Chief Financial Officer. Mr. Moulds appointment follows the resignation of Gary Lobb.

Chantrell Ventures Corp. (TSX-V: CV) announced the appointment of Paul A. Parisotto as President, CEO and CFO and Director of the Company. Mr. Parisotto was the President and Chief Executive Officer of Arizona Star Resource Corp., from 2004 to 2007, when it was acquired by Barrick Gold Corporation. From November 2008 to June 2009 he was the Co-Interim CEO of Noront Resources Ltd and most recently was the President and Chief Executive Officer of Tamaka Holdings Inc., a private gold exploration and development company. Previously, Mr. Parisotto provided investment banking services to the mining industry.

Petaquilla Minerals Ltd. (TSX: PTQ, OTCBB: PTQMF, FRANKFURT: P7Z) announced the appointment of Ezequiel Sirotinsky as Chief Financial Officer of the Company. Mr. Sirotinsky replaces Julie van Baarsen as the Company's Chief Financial Officer. Mr. Sirotinsky was formerly Director of Finance for Silver Standard Resources, Inc., and Administrative and Finance Manager for AngloGold Ashanti Limited's Cerro Vanguardia Project, a gold and silver mine.

EurOmax Resources Limited (TSX-V: EOX) announced the appointment of Aurora Davidson as Chief Financial Officer. Since 2003, Ms. Davidson has focused on providing CFO services predominantly to companies in the mining sector, including Amerigo Resources Ltd.

Aldridge Minerals Inc. (TSX-V: AGM) announced the appointment of Edward J. Badida as its new Chief Financial Officer, replacing Kim Evans who resigned. Ms. Evans will continue to work for the company as a consultant to assist with the transition of moving the Company's accounts to Toronto.

Shear Minerals Ltd. (TSX-V: SRM) announced the resignation of Greg Hayes as Chief Financial Officer. In the interim, Darcy Ogrodnick, Shear's Controller, will serve as Interim CFO to assist through the transition.

Empire Industries Ltd. (TSX-V: EIL) announced the resignation of David Carefoot as CFO, and announced the return of Campbell McIntyre as CFO of Empire, a position he occupied prior to the hiring of David Carefoot in 2008. In addition to his new responsibilities as CFO of Empire, Mr. McIntyre will retain his duties as President of Empire Iron Works, a key operating subsidiary of Empire. Assisting Mr. McIntyre in the financial function will be Mike Martin, as the newly appointed Director of Finance and Corporate Controller.

Boston Pizza International Inc. ("BPI") announced that Mark Powell will step down as Chief Financial Officer of BPI and will be leaving the company as of December 15, 2010. In conjunction with this departure, Mr. Powell will also resign as Director and CFO of Boston Pizza GP Inc., Managing General Partner of Boston Pizza Royalties Limited Partnership ("BPRLP"), administrator of the Boston Pizza Royalties Income Fund (the "Fund") (TSX: BPF.UN). Mark Powell joined BPI in 2001 as Chief Financial Officer and has been a Director and CFO of Boston Pizza GP Inc. since its inception in 2002. Wes Bews, Vice President of Finance for BPI, will replace Mark Powell on an interim basis as CFO of BPI and will also be appointed as a Director and CFO of Boston Pizza GP Inc. on an interim basis.

Cavan Ventures Inc. (TSX-V: CVN) announced that Harvey Lawson has been appointed Chief Financial Officer of the Company. Mr. Lawson replaces Trevor Sinclair, who resigned as Chief Financial Officer.

Rare Method Interactive Corp. (TSX-V: RAM) announced that Josh Ius has resigned as CFO of the Company.

Fission Energy Corp. (TSX-V: FIS) announced that Gregory Downey has joined the Company as Chief Financial Officer and replaces Andrew Adamson who has stepped down to pursue other opportunities.

YANGAROO Inc. (TSX: YOO, OTC: YOOIF) announced that John Heaven is leaving the position of President and Chief Financial Officer and Director of YANGAROO. John served as President and CEO until June of this year. The company has appointed Michael Galloro, CA as interim Chief Financial Officer.

Frontline Gold Corporation (TSX-V: FGC) announced that Jim Patterson has been appointed as Chief Financial Officer (CFO) replacing Tom Hickey, who stepped down as CFO.

Allied Properties REIT (TSX: AP-UN.TO) announced that Peter E. Sweeney has been appointed Vice President and Chief Financial Officer, replacing Tom Wenner, who is leaving Allied. Mr. Sweeney was formerly Chief Financial Officer and Chief Administrative Officer of a leading real estate brokerage and advisory firm. Prior to that, he was Corporate Controller for a public real estate company and a Senior Accountant with Price Waterhouse.


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Canadian CFOs on the Move - week ended November 19, 2010

Paragon Pharmacies Limited (TSX-V: PGN) announced the appointment of Kristal Kaye as the Company's Chief Financial Officer. Ms. Kaye joined the Company in July 2008 as Corporate Controller and she was subsequently appointed Director of Finance and Administration in August 2009.

Sandspring Resources Ltd. (TSX-V: SSP) announced the appointment of Scott Issel as Chief Financial Officer of the Company, replacing Carmelo Marrelli who has resigned as Chief Financial Officer of the Company. Mr. Issel joined Sandspring in May 2009 as the Controller of GoldHeart Investment Holdings Ltd., a subsidiary company of Sandspring. He assisted in the reverse takeover transaction of Sandspring which served as the Company's Qualifying Transaction for listing on the TSX Venture Exchange. Most recently Mr. Issel served as Controller of Sandspring Resources Inc. and has been instrumental in ensuring a smooth transition to the public capital markets.

Canada Cartage System announced the appointment of David Bacon as the company's Senior Vice President, Finance & Chief Financial Officer. Most recently, he was Chief Financial Officer of SkyPower Corp.

Midlands Minerals Corporation (TSX-V: MEX) announced the appointment of Rakesh Malhotra to the position of Vice President, Finance.

Stroud Resources Ltd. (TSX-V: SDR) announced that it has appointed Mirsad Jakubovic as its Chief Financial Officer. Previously, George Coburn, President and Chief Executive Officer of the Corporation, also served as the Corporation's acting Chief Financial Officer. Mr. Jakubovic is currently the Chief Financial Officer of Medifocus Inc., another TSX-V listed company.

Malaga Inc. (TSX: MLG) announced the appointment of Joey Trombino as Vice-President and Chief Financial Officer, replacing Pierre Monet who was promoted to President of the Company. Mr. Trombino joined Malaga in February 2009 as Director of Finance. He participated in the Company's development and managed the transition to the International Financial Reporting Standards. Prior to this, Mr. Trombino was Vice President and Chief Financial Officer of Positron Technologies and worked in several private and public companies in senior roles.

Rogue Resources Inc. (TSX‐V: RRS) announced the appointment of Larry Johnson as Chief Financial Officer (CFO) of the Company. The Company also announces it has received the resignation of Stephen Pearce as CFO Director.


Craig Wireless Systems Ltd. (TSX: CWG) announced that its Chief Financial Officer, Wesley Thiessen, will be leaving Craig Wireless effective February 28, 2011, to pursue other career opportunities.

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Canadian CFOs on the Move - week ending November 12, 2010

OncoGenex Pharmaceuticals, Inc. (NASDAQ: OGXI) announced the appointment of Michelle Burris to the position of executive vice president, operations and chief financial officer. Ms. Burris most recently served as senior vice president and chief operating officer for Trubion Pharmaceuticals, Inc. until its recent acquisition by Emergent BioSolutions, Inc. She joined Trubion in 2006 as senior vice president and chief financial officer after holding similar positions at Dendreon Corporation and Corixa Corporation.


Sulliden Gold Corporation Ltd. (TSX: SUE, OTCQX: SDDDF) announced the appointment of Denis C. Arsenault as Chief Financial Officer of the Company. Mr. Arsenault's appointment follows the departure of Anna Ladd. Prior to joining Sulliden, Mr. Arsenault was the Chief Financial Officer of Central Sun Mining Inc. which was acquired by B2Gold Corp. in March 2009.

Russell Breweries Inc. (TSX-V: RB) announced the appointment of Gary Liu as Chief Financial Officer of the Company. Currently, Mr. Liu is serving on the Board of Directors of Sun Entertainment Holding Corporation and Luxor Industrial Corporation. Mr. Liu is also the owner of Mt. Pacific Financial Corp., a consulting company providing accounting services to public companies.

Intellipharmaceutics International Inc. (TSX: I, Nasdaq: IPCI) announced that it has appointed Shameze Rampertab as its new Chief Financial Officer. Mr. Rampertab previously served as the Director, Finance and Secretary-Treasurer for then-public Drug Royalty Corp and also served as health sciences and biotechnology analyst at several investment banking firms including Canaccord Capital, and was until recently a Partner, Healthcare Investment Banking at Loewen Ondaatje McCutcheon Limited (LOM), where he specialized in raising equity funds for life-science companies.

Imaging Dynamics Company Ltd. (TSX: IDL) announced that Swapan Kakumanu, currently the Executive Vice President and Chief Financial Officer of IDC, has been appointed as the new President and Chief Executive Officer of the Company, replacing Thomas Boon.

Delta Uranium Inc. (TSX-V: DUR) and Augustine Ventures Inc. announced the appointment of John Tokarsky as their new Chief Financial Officer. Mr. Tokarsky replaces L. Kirk Boyd as their CFO.

Terra Firma Resources Inc. (TSX-V: TFR) announced the appointment of Raz Hussein as a director and Chief Financial Officer to replace Charles Golding, who resigned as a director and CFO. Mr. Hussein is the founder of Razzle & Company, Management Group Inc., a private company which provides accounting, administrative and financial services to public companies engaged in mineral exploration and development.

Romarco Minerals Inc. (TSX-V: R) announced the appointment of Stan Rideout as Sr. Vice President, Chief Financial Officer of the Company. Mr. Rideout was most recently Executive Vice President and CFO of Swift Corp., one of the largest truckload carriers in North America. Prior to that Mr. Rideout held various positions (Treasurer, Vice President, Division Vice President, and Chief Financial Officer) over 25 years with Phelps Dodge Corporation and Phelps Dodge International, a publicly traded company that was acquired by Freeport McMoRan in 2007.

Cantronic Systems Inc. (TSX-V: CTS) announced the appointment of Kevin Tao Su to the position of Chief Financial Officer, replacing Susan Liu. Prior to joining Cantronic Systems Inc., Mr. Su was a senior accountant with Ernst & Young LLP Vancouver office for three and half years. Before joining Ernst & Young LLP, Mr. Su was a partner in McCormack, Su & Company Inc. CGAs in Canada for 4 years.

Hornby Bay Mineral Exploration Ltd. (TSX-V: HBE) announced the appointment of Rebecca Hudson as the new Chief Financial Officer of the Company. Ms. Hudson replaces Thomas D. Devlin.

Linamar Corp. (TSX: LNR) announced that its Chief Financial Officer, Edward Mahood, has resigned and the Chief Executive Linda Hasenfratz will serve as CFO till a replacement is identified.

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Canadian CFOs on the Move – week ended November 5, 2010

Boutique iStore has announced that Isabelle Beaulieu has joined Boutique iStore as VP Finance and Operations. Ms. Beaulieu replaces VP Finance Gareth Sargeant. Isabelle is a seasoned executive with more than 20 years of corporate experience in Finance, Operations and Information technology in various companies and industries in the Montreal area. 

Lifebank Corp. (TSX-V: LBK) announced the appointment of Jeff Charpentier as Chief Financial Officer. Mr. Charpentier replaces Owen Granger, who has resigned as Director and Chief Financial Officer and Secretary Treasurer of Lifebank.


BSM Wireless Inc. (TSX-V: GPS) announced the appointment of Jenny Stranges, current Executive Vice President of Finance, as the company's Chief Financial Officer. Mrs. Stranges will take over the duties of outgoing CFO Jas Mann who resigned his position earlier this month and is leaving the company effective November 10, 2010.

Leader Energy Services Ltd. (TSX-V: LEA) today announced the appointment of Graham Reid as Chief Financial Officer. Mr. Reid will succeed Don Baird as Chief Financial Officer of the Company. Prior to this appointment, Mr. Reid was Vice President Finance and Chief Financial Officer of Norex Exploration Services Inc.

Stoneset Equity Development Corp. (CNSX: SQC) announced the resignation of Stephen Yuen as CFO and the appointment of Anna Lentz as the new CFO.

Malbex Resources Inc. (TSX-V: MBG) announced the resignation of its Chief Financial Officer, Derrick Weyrauch, effective January 31, 2011.

ANDINA Minerals Inc. (TSX-V: ADM) announced the appointment of Derrick Weyrauch as Chief Financial Officer of the Company. He is currently the Chief Financial Officer of Malbex Resources Inc., a publicly traded gold mining company, and will continue in that capacity until January 31, 2011 to assist Malbex in their transition. Previously, Mr. Weyrauch was the Treasurer and Director of Finance for Gabriel Resources Ltd., also a publicly traded gold mining company.

Lithium Americas Corp. (TSX: LAC) announced that Ian Fodie has been appointed Chief Financial Officer of the Company. Mr. Fodie replaces Raymond Mitchell. Mr. Fodie has had an extensive career, including most recently serving as President and CEO of Woulfe Mining (TSX-V: WOF), as the CFO for Resinco Capital Partners Inc. (TSX: RIN), and former CFO and VP of Operations at Mainframe Entertainment Inc.

Healthscreen Solutions Inc. ("Healthscreen") (TSX-V: MDU) announce the addition of Anastasia Chodarcewicz as Chief Financial Officer. Ms. Chodarcewicz brings domestic and international experience from her seven years with Sirit Inc., a Canadian public technology company.

Forest Gate Energy Inc. (TSX-V: FGE) announced that it has appointed L. Derek Lindsay as Chief Financial Officer of the company. Mr. Lindsay joins Forest Gate from Eloda Corporation, a publicly traded media software company, where he held the position of Vice President and Chief Financial Officer from 2008 onward. From 2006 to 2008, Mr. Lindsay was Vice President and Chief Financial Officer at CryoCath Technologies Inc.

Alto Ventures Ltd. (TSX-V: ATV) announced the appointment of Robert Anderson as the Company's new Chief Financial Officer to replace Leonard Schmidt who resigned as CFO.

Stealth Ventures Ltd. (TSX-V: SLV) announced that Roger Harman has been appointed as Stealth's new Chief Financial Officer. Prior to joining the Stealth team Mr. Harman was the Chief Financial Officer at PRD Energy Inc. and the Chief Financial Officer at Canadian Superior Energy Inc. (now Sonde Resources Corp.)

Melcor Developments Ltd. (TSX: MRD), announced that following the resignation of Melcor's CFO, Michael Shabada, Naomi Stefura has assumed the role of Acting Chief Financial Officer and Brett Halford has assumed the position of Acting VP Finance. Both Naomi and Brett will remain in these positions until the CFO position is permanently filled.

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Canadian CFOs on the Move – week ended October 29, 2010

Huntington Exploration Inc. (TSX-V: HEI) announced that Andrew Burgess has also resigned as Vice President and Chief Financial Officer.

MagIndustries Corp. (TSX: MAA) announced that William C. Burton has been appointed Chief Financial Officer and Vice President, Finance.

Fresco Microchip announced the appointment of Patrick Leung as Chief Financial Officer (CFO). Mr. Leung brings 20 years of experience in financial management and investment banking in both private and public companies, including serving as the CFO for Tristan Capital and Rockwater Capital.

ISee3D Inc. (TSX-V: ICT) announced the appointment of Ed Myers as Chief Financial Officer of the Company. Mr. Myers succeeds Baljinder Bhullar, who has resigned as Chief Financial Officer.

Sangoma® Technologies Corporation (TSX-V: STC) announced the appointment of David S. Moore as CFO. Most recently he was CFO at Truition Inc. a developer and marketer of e-Commerce software and before that CFO of Fifty-Plus International Inc. a TSX-V company now trading as Zoomer Media Inc.

Marfil Mines Ltd. (TSX-V: MFM) announced the appointment of Matthew Fowler as Interim Chief Financial Officer. Mr. Fowler served as a partner, CFO and CCP at Strata Partners, LLC, a boutique investment bank based in Seattle, Washington where he was responsible for capital raising as well as all financial, operational and compliance requirements with the Financial Industry Regulatory Authority. Before joining Strata Partners, LLC, Mr. Fowler previously held the position of Analyst and Chief Financial Officer at Octavius Capital Management, LLC, a registered investment adviser based in Seattle, Washington serving high net worth individuals.

Global Development Resources, Inc. (TSX-V: GDV.H) announced that it has appointed Andrew Hilton to the Board of Directors of the Company and as Chief Financial Officer of the Company. Chris Carmichael has resigned from the Board of Directors and as Chief Financial Officer of the Company.

First Star Resources Inc. (TSX-V: FS) announced that Robert Gardner has been appointed CFO.

Archer Petroleum Corp. (TSX-V: ARK, OTCQX: APEUF, DBFrankfurt: A6VA) announced that Robert McMorran has been appointed as the Chief Financial Officer of the Company in place of Darren Tindale, who has resigned.

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Canadian CFOs on the Move – week ended October 22, 2010

Indico Resources Ltd. (TSX-V: IDI) appointed Peggy Wu as its Chief Financial Officer to replace Michael Kinley, who resigned as CFO in order to devote more time to other issuers of which he is also the Chief Financial Officer. Ms. Wu’s past experience includes three years at Smythe Ratcliffe LLP as a senior accountant and, prior to that, two years at STS Partners LLP as staff accountant.

Savant Explorations Ltd. (TSX-V: SVT) announced that David Douglas has been appointed as Chief Financial Officer, replacing Robert McKnight, interim CFO. Mr. McKnight will remain a Director of Savant. Mr. Douglas has served as Chief Financial Officer or Corporate Secretary to a number of junior mining companies including Blackstone Ventures Inc., Western Keltic Mines Inc., Stornoway Diamond Corporation, Sherwood Copper Corporation and Eastfield Resources Ltd. Mr. Douglas will continue to serve as Chief Financial Officer of Blackstone Ventures Inc.

Alberta Oilsands Inc. (TSX-V: AOS) announced the appointment of Andrew Constantinidis as Vice President Finance and Business Development of the Company. Most recently he was Vice President and Chief Financial Officer of Calgary based Eurogas Corporation (TSX-V: EUG). Mr. Constantinidis' international experience includes positions at companies including Deutsche Bank, Citibank, ExxonMobil and domestically at IBM.

Unigold Inc. (TSX-V: UGD) announced that John Green has been appointed Chief Financial Officer, replacing Joseph Del Campo who has resigned as CFO but will continue as a Director. Mr. Green has worked with Falconbridge Limited, Lac Minerals Limited, AfriOre Limited, Platexco Inc., and Intrepid Minerals Ltd. in a variety of roles including CFO and Director. For the last seven years, as Controller of High River Gold Mines Ltd., he has been closely involved with the financing and construction of two new open-pit gold mines.

Essar Steel Algoma Inc. announced that Amit Agarwal, Chief Financial Officer has been assigned new duties at Essar's Corporate Office in India and has consequently relocated to Mumbai, India. Rakesh Kapur, has been appointed Chief Financial Officer for Essar Steel Algoma, accountable for all financial functions. He comes to Essar from ArcelorMittal where he served most recently as Chief Financial Officer and Member of the Board of Directors at their steel complex in the Czech Republic.

DiaMedica Inc. (TSX-V: DMA) announced the appointment of James Parsons as Vice President of Finance, replacing Eric Johnstone. Mr. Parsons was previously the Chief Financial Officer for both private and public life science companies including Amorfix Life Sciences, Trillium Therapeutics and Lorus Therapeutics. He has also consulted for numerous firms including Astra Zeneca.

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Canadian CFOs on the Move – week ended October 15, 2010

Standard Exploration Ltd. (TSX-V: STD) announced the appointment of Neil Burrows as Vice President Finance and Chief Financial Officer.

Bowmore Exploration Ltd. (TSX-V: BOW) announced the appointment of Martin Nicoletti as Chief Financial Officer. Since 2004, he has been involved with public junior mining companies carrying exploration activities worldwide, with responsibilities in financial controls and reporting. Mr. Nicoletti replaces Richard Grass who acted as interim Chief Financial Officer during a transition period. Mr. Grass will remain as Chairman of the Audit Committee.

Athabasca Minerals Inc. (TSX-V: ABM) announced the appointment of Don Hruba as the Company's Chief Financial Officer (CFO). He most recently served as Vice President, Finance & Administration for a large Canadian publishing and distributing company.

Western Plains Petroleum Ltd. (TSX-V: WPP) announce that Steven Glover has been appointed by the Board of Directors as Vice-President, Finance, and Chief Financial Officer. Mr. Glover previously was Vice-President, Finance, with TSX Venture Exchange listed entities Valiant Energy Inc. (2005 - 2006) and Eagle Rock Exploration Ltd. (2006 - 2009). Mr. Glover currently serves as a Director and Chair of the Audit Committee for Travel Alberta, and also provides consulting financial advisory services to private corporations, partnerships and income trusts. Throughout his career, Mr. Glover has remained active in various professional accounting organizations, serving as a Director of the Canadian Public Accountability Board (2003 - 2005) and as an Executive Director of the Institute of Chartered Accountants of Alberta (1984 - 2005).

RTN Stealth Software Inc. (CNSX: RTN, OTCBB: RTNSF, FWB: 8RT) announced that John Doma has been appointed the Company's CFO, following the resignation of Larry Tsang.

Verafin, Inc. announced that Brian G. Whiteway has joined the company as chief financial officer. Prior to Verafin, Mr. Whiteway held positions as vice president, chief financial officer and chief operating officer at International Communications & Navigation (ICAN) Limited. Before ICAN, Mr. Whiteway was senior manager of mergers and acquisitions at Bell - Aliant Inc. He has also held management positions with the Business Development Bank of Canada and Scotiabank.

Blackdog Resources Ltd. (TSX-V: DOG) announced the appointment of James W. White as Chief Financial Officer of the Company. Mr. White replaces Linda Legere-Tetzlaff, who has tendered her resignation as Chief Financial Officer of the Company.

Deploy Technologies Inc. (OTC: DPLY), announced that the company has appointed Wisdom Ncube as Chief Financial Officer of the company.

Merc International Minerals Inc. (TSX-V: MRK) announced the appointment of Michael G. Leskovec to the position of Chief Financial Officer. Mr. Leskovec replaces Thomas Pladsen as Chief Financial Officer, who remains as a director. Mr. Leskovec is also the Chief Financial Officer of White Pine Resources Inc., as well as the Financial Control Officer of Northfield Capital Corporation. Most recently, Mr. Leskovec was Corporate Controller and an Officer of Andina Minerals Inc. From May 2007 through September 2008, Mr. Leskovec served as Controller and an Officer of Gold Eagle Mines Ltd which was sold to Goldcorp Inc. in September 2008 for $1.5 billion.

Ridgeline Energy Services Inc. (TSX-V: RLE) announced the appointment of Jim Maldaner as Chief Financial Officer, replacing John Longley. Mr. Maldaner is a Chartered Accountant and a Partner located in the Calgary office of DNTW LLP, Chartered Accountants.

Canadian Solar Inc. (NASDAQ: CSIQ) announced the appointment of Andrew Chen as Chief Financial Officer, replacing Arthur Chien, who will continue as a special advisor to the CEO's office until the end of the year. Before joining Canadian Solar, Mr. Chen served as Chief Financial Officer of different NASDAQ listed companies.


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