Tri Origin Exploration Ltd was founded in 1989 by Dr. Robert Valliant and the late Dennis Sheehan, formerly Vice President and Senior Vice President-Exploration respectively with LAC Minerals Ltd., a leading North American gold producer until its takeover by Barrick Gold in the early 1990’s. While at LAC Minerals, Mr.Sheehan was responsible for growing LAC into an internationally recognized mining firm. Dr. Valliant was closely involved with the discovery and development of two world-class gold districts, Bousquet/Doyon/LaRonde in Quebec and Hemlo in Ontario.
Tri Origin has a broad base of experience augmented by conducting successful exploration programs at most of the important gold districts in Ontario, Quebec and Nevada, USA. The Company’s early work in Australia resulted in the discovery and delineation of gold and base metal deposits now at the development stage. Tri Origin has inherited this background and its current board of directors bring a high level of additional varied and successful experience in exploration, ore-deposit science, mine development and financing to the benefit of the Company’s shareholders. The Company’s technical team and supporting consultants and contractors are fully-versed in their trade and bring a wealth of enthusiasm and experience to the Company’s projects.
Since inception, the Company’s objective has been, and continues to be, to leverage off management’s successful track record and broad experience base to increase shareholder value through the discovery of profitably mineable ore deposits.
With many decades of combined exploration, mining and financial experience, Tri Origin's team has been involved in the discovery and development of substantial and productive mines throughout North America and internationally. Tri Origin’s board of directors has a strong background in the financial industry and in financing junior resource companies. The Board also has a broad depth of experience in corporate and best governance practices. Tri Origin’s key technical personnel are Robert Valliant, CEO, Jing Peng, CFO, and geologists Frank Kendle and Meghan Hewton.
Tri Origin currently has three directors, two of whom are considered independent:
Dr. Robert I. Valliant, President & CEO, co-founded Tri Origin Exploration in 1989 and completed its listing on the TSX in 1991. He also founded and subsequently completed TriAusMin Limited's Initial Public Offering and listings on the Australian Securities Exchange in 2004 and Toronto Stock Exchange in 2010. Dr. Valliant has more than 30 years of experience in base and precious metals exploration, discovery and development. Prior to founding Tri Origin, he was VP Exploration for LAC Minerals Ltd a leading North American gold producer until its takeover by Barrick Gold Corporation. Dr. Valliant's responsibility for exploration activities at LAC included the participation in significant discoveries in the Bousquet and Doyon area which became the largest gold producing district in Quebec. Dr. Valliant was also responsible for the management and direction of all exploration work conducted by LAC resulting in the discovery of the Page-Williams mine at Hemlo, one of Canada’s largest gold deposits. He initiated exploration activities for LAC in Australia and the western United States, leading to discovery of gold deposits at Ortiz, New Mexico and the Rosebud gold deposit in Nevada. With Tri Origin, Dr. Valliant was co-discoverer (with the late Dennis Sheehan) of the Lewis Ponds gold and base metal deposit in New South Wales, Australia. Dr. Valliant is a Fellow of the Geological Association of Canada, a member of the Australian Institute of Geoscientists, and the Society of Economic Geologists and the Canadian Institute of Mining and Metallurgy. Dr. Valliant is currently a director of Midland Exploration Inc and the Prospectors and Developers Association of Canada.
Jean-Pierre Janson, Director*, joined the board in 2004 and chairs the Governance and Compensation and Audit Committees. Mr. Janson brings extensive senior management and financial leadership skills to Tri Origin. He has a Company Secretary Certificate and has extensive experience working in brokerage firms. He is currently Managing Director- National Wealth Management for Richardson GMP. Formerly, Mr. Janson was Managing Director for Eastern Canada – CIBC Wood Gundy and has also held senior management positions with Merrill Lynch Canada Inc. and Midland Walwyn Inc. Mr. Janson maintains a strong relationship with the resource industry and its involvement with the financial community.
Dr. Alan Galley, Director*, joined the board in 2014 and brings a high level of knowledge of Canadian mineral deposits and exploration techniques to the board. He is chair of the Company’s Geotechnical Committee. Dr. Galley is Exploration Research Director for the Canada Mining Innovation Council (“CMIC”), based in Ottawa, where he works closely with partner companies and university researchers to develop research projects in support of more effective mineral exploration in the deep, covered and remote terrains of Canada. Alan has a Ph.D. in Geology and more than 30 years’ experience, initially as a field geologist, but primarily as a mineral deposit researcher with the Mineral Resource Division of the Geological Survey of Canada, finishing his career there after 27 years as GSC Minerals Director. Dr. Galley was the 2013 recipient of the Duncan R. Derry Medal, the highest award bestowed by the Mineral Deposits Division of the Geological Association of Canada.
* denotes independent directors
Jing Peng, Chief Financial Officer is a Canadian Chartered Professional Accountant with a Master of Management and Professional Accounting degree from the University of Toronto. Mr. Peng has acted as CFO for other Canadian reporting issuers and previously served as an auditor with two large accounting firms. He is currently employed with Marrelli Support Services Inc. MSSI specializes in the preparation of interim and annual financial statements, including comprehensive note disclosure for small to mid-sized reporting issuers in the resources industry. The company also administers Canadian Flow-Through Share programs and offers special compliance assistance on transactions such as business combinations, acquisitions and strategic re-organizations.
Frank Kendle, Senior Geologist*, brings over 25 years of experience in the mineral exploration industry to Tri Origin. He is an exploration geologist who received his B.Sc. (Geology) from Mount Allison University in New Brunswick. Prior to joining Tri Origin, Frank performed contract geological services for both senior and junior mining companies within Canada and South America.
Meghan Hewton, MSc., Geologist*, completed a Master’s degree at Simon Fraser University in 2012 in geology and graduated from the University of Western Ontario with a BSc (Honours) in environmental geosciences in 2010. She has conducted exploration activities in British Columbia, Northwest Territories, and Ontario since graduation.
*denotes contract geologists
Tri Origin encourages a culture of transparency, accountability, technical excellence and environmental best practice. Corporate leadership and good governance are important to the Company as are sound safety practices.
The Company has established a number of governance policies which provide guidelines to the overall responsibilities and actions of directors and employees. These policies are clear in their intent and are reviewed on a yearly basis to ensure that they meet the ongoing needs of the Company. These policies are;
• Code of Conduct for Directors and Company Officers
• Code of Conduct for Exploration Activities and Environmental Policy
• Continuous Disclosure Policy
• Employees Whistle-blowing Protection
• Policy on Confidentiality and Securities Trading
• Policy Regarding Consultation with Stakeholders and First Nations at Project Sites
Tri Origin conducts its work in an environmentally and socially responsible manner and is proactive in remediation of project areas and recognizes the importance of this approach to the long term viability of the global mining industry. Tri Origin requires that its staff abide by the applicable laws and regulations within each region which we operate. In addition to adherence to legislation, Tri Origin’s work is conducted to the highest standard of "best industry practice". Tri Origin believes that the environmental impacts of early-stage mineral exploration are minimal, manageable and can be rehabilitated. A fundamental respect for the environment (the flora, fauna, landscape) where we work and appropriate planning are essential to the Company's approach to conducting its programs. With early application of these principles, sustainable development follows from successful exploration.
Tri Origin is committed to the preservation of the environment in which it works and respecting the needs and land uses of members of nearby communities and other stakeholders in the vicinity of its projects. Tri Origin maintains open communication with indigenous peoples in the vicinity of its projects to understand and respect the impact the Company’s work programs may have on the local environment and their communities. Community consultation is an ongoing process and may or may not lead to the necessity for agreements between Tri Origin, other stakeholders and local communities regarding the provision of assistance and services to local communities and environmental compensation.
The Company will maintain a consistent, transparent and rigorous system for identifying and reaching out to stakeholders in the vicinity of its projects. It will use its best efforts to consult with native communities in the vicinity of its projects and will use its best efforts to attend to concerns these communities may have regarding project activities. In certain cases, the Company may negotiate and enter into Memorandums of Understanding with native communities where territorial lands encompass properties held by the Company but only in cases where clearly delineated territorial land boundaries exist. The Company will not make payments whether in cash, shares or other forms of compensation to native communities, government representatives or other third parties other than when appropriate services have been requested by and provided to the Company. This policy will be made publically available to all shareholders and stakeholders of the Company.
Tri Origin Exploration Ltd. (TSX-V: TOE)
Auditors: Stern & Lovrics LLP - Chartered Accountants 1210 Sheppard Ave E, Suite 302 Toronto, ON Canada M2K 1E3
Solicitors: Peterson Law Professional Corporation 390 Bay St, Suite 806 Toronto, ON Canada M5H 2Y2
Transfer Agent: TMX Equity Transfer Services Inc. 200 University Ave, Suite 300 Toronto, ON Canada M5H 4H1
Tri Origin's operations are primarily funded by raising money through the issuance of common shares and from time to time through joint venture arrangements with other companies. Continued operations and exploration of Tri Origin's mineral property interests are dependent on its ability to complete equity financings and the continued financial support from investors. Tri Origin Exploration Ltd. is listed on the TSX Venture Exchange and trades under the symbol TOE.
Capital Structure as at July 20, 2016
Common Shares Issued and Outstanding - 99,372,306
Warrants* - 10,860,000
Options (per stock option plan)** - 4,550,000
Fully Diluted - 114,482,306
*Warrants to purchase common shares in Tri Origin at a future date for a fixed price are sometimes issued by the Company as part of equity financings. The intent is that possible future income to the Company provided by the exercise of warrants will supplement funding for the Company's exploration projects. For more information about share purchase warrants, please refer to Tri Origin's most recent financial statements.
**Tri Origin has a stock option plan available to directors, officers, employees and consultants of the Company. The number of options issued under the plan is limited by the plan and as approved by shareholders from time to time. For more information about stock-based compensation, please refer to Tri Origin's most recent financial statements.
No matching articles found.