Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On August 1, 2016, Fred Tejada resigned as the Chief Executive Officer of Rise Resources Inc. (the Company). Mr. Tejadas resignation was not due to any disagreement with the Company regarding its operations, policies, practices or otherwise, and he will continue to act as the President, Secretary and a director of the Company.
On the same date, the Board of Directors of the Company appointed Benjamin Mossman as a director and to fill the Chief Executive Officer vacancy resulting from Mr. Tejadas resignation.
As a result of the foregoing changes, the Companys current directors and officers are as follows:
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Directors: Fred Tejada, Cale Thomas, Bradley Scharfe, Michael Evans and Benjamin Mossman
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Officers: Benjamin Mossman (Chief Executive Officer), Fred Tejada (President, Secretary), Cale Thomas (Chief Financial Officer, Treasurer)
Fred Tejada, Bradley Scharfe and Michael Evans are also members of the Companys audit committee.
Benjamin Mossman
Benjamin Mossman, P.Eng, age 38, is a is a mining engineer with over 15 years of experience in the mining industry including experience in capital markets, project evaluation, acquisitions, mine operations, and development. From January 2011 to July 2016, Mr. Mossman was the Chief Executive Officer, President and a director of Banks Island Gold Ltd., a junior mining company with its common shares listed for trading on the TSX Venture Exchange under the symbol BOZ.
Mr. Mossmans geological, operational and capital markets expertise led the Company to the conclusion that he should serve as a director and officer.