Spartex...This situation doesn't agree well with the large number of shares held by Company Management, JP Morgan, VR Global Partners, VR Capital Group, together the VR Entities a private investment fund managed by VR Advisory Services Ltd ("VR"
They have proven and probable reserves, are sitting on large resources in a resource rich country and been indicating that potential off-take companies were satisfied with their product.
Has it to do with the slump in resource companies?
I really wonder whats going on. Its interesting that 10.9% of it's shares are held by Management.
Name and Address of Beneficial Owner
Number of Common Shares Beneficially Owned
Percentage of Outstanding Common Shares Beneficially Owned(1)
V. Peter Harder, Chairman of the Board, Director
5538 Pattapiece Crescent
Manotick, Ontario, Canada (2) (15)
2,125,000
0.7%
John Sanderson, Vice-Chairman of the Board & Director
1721 – 27th Street
West Vancouver, BC, Canada (3) (14) (15)
1,700,000
0.5%
Richard Schler, Chief Executive Officer & Director
80 Greybeaver Trail
Toronto, Ontario, Canada (4) (15)
10,860,000
3.4%
Craig Scherba, President, COO & Director
1480 Willowdown Road,
Oakville, Ontario, Canada (5) (15)
4,200,000
1.3%
Robin Borley, SVP Mine Development & Director
Waterfall Country Estate,
Gauteng, South Africa (6) (15)
850,000
0.3%
Peter Liabotis, Chief Financial Officer & SVP
2261 Rockingham Drive,
Oakville, Ontario, Canada (7) (15)
4,031,000
1.3%
Quentin Yarie, SVP Exploration & Director
196 McAllister Road
North York, Ontario (8) (15)
3,350,000
1.1%
Albert A. Thiess, Jr., Director
8 Lawson’s Pond Court
Bluffton, SC, USA (9) (14) (15)
725,000
0.2%
Brent Nykoliation, SVP
161 Fallingbrook Road
Toronto, Ontario, Canada (10) (15)
4,975,000
1.6%
Dean Comand, Director
131 Garden Avenue
Ancaster, Ontario, Canada (11) (14) (15)
400,000
0.1%
Dalton Larson, Director
3629 Canterbury Drive
Surrey, BC, Canada (12) (15)
1,300,000
0.4%
All directors and executive officers as a group
(11 persons)
34,516,000
10.9%
