Vendetta Mining (VTT.V) announced it has added Doug Flegg and David Baker to its Board of Directors which now contains five members as Jeffrey Sundar stepped down from the board to allow these two new high-calibre appointments to be appointed.
We usually don’t spend too much time talking about board appointments, but Vendetta’s case is different. David Baker has spent almost two decades at Ivanhoe Mines where he managed the pre-feasibility study on the massive Oyu Tolgoi copper-gold project in Mongolia and helped to negotiate the $4B debt facility associated with the construction and development of the mine.
Doug Flegg used to be the managing director of global mining sales at BMO Capital Markets, a division of the Bnak of Montréal, where he was involved in in excess of 200 mining financings, raising a total of $25 Billion (!). What’s really interesting here is the fact that after leaving BMO, this appears to be the first board position he’s taking up, and we think it speaks for itself when the first board position is with a C$8M company.
People like Doug Flegg and David Baker don’t want to ruin their good names in this business and the simple fact they both are joining a sub-micro cap company is a huge thumbs up for the technical and economical prospects of the Pegmont Lead-Zinc project.
Go to Vendetta’s website
The author has a substantial long position in Vendetta Mining. Vendetta is a sponsor of the website. Please read the disclaimer
