As part of the Merger: (a) the common shares of QRS will be consolidated on a 1.5464:1 basis so that upon completion of the Merger, the Resulting Issuer will have 30 million common shares outstanding (before the completion of any financings), and (b) the Resulting Issuer will have a new name acceptable to both Halo and QRS. Halo or QRS may complete a financing before or concurrently with completion of the Merger. The terms of any potential financing have not been established.
After completion of the Merger, the Resulting Issuer's executive officers and board of directors will consist of the following persons:
Marc Cernovitch, Chairman, Director
Mr. Cernovitch studied Economics at McGill University. He started his career in the financial sector as a stockbroker and has lived and worked in Montreal, Calgary, Vancouver, New York and Toronto. Since leaving the brokerage industry, Marc has focused on corporate development, funding and building companies primarily in the resource and energy technology fields. He has a strong background in corporate governance and finance.
John Seaman, CEO, Director
Mr. Seaman currently serves as CEO & Chairman of QRS Capital Corp. and CFO and Director of Tembo Gold Corp. Mr. Seaman served as CFO of Premier Gold Mines Limited, a mineral exploration company, from August 2006 until July 2012 and as Chief Financial Officer of Pediment Gold Corp., a mining exploration company, from April 2007 until February 2011. Additionally, Mr. Seaman served as the Chief Financial Officer of Wolfden Resources Inc. Mr. Seaman serves as an independent director of several TSX Venture Exchange and Toronto Stock Exchange listed companies. Mr. Seaman received a Bachelor of education degree from Lakehead University in April 1993 and a Bachelor of Science degree in April 1990.
Diego Benalcazar, President, Director
Mr. Benalcazar has been involved in mineral exploration, mining property evaluation and acquisitions throughout Latin America and the Caribbean. He has held managerial and consulting positions with several international mining companies, including Homestake International Minerals Ltd., Pancontinental Mining Ltd. and the U.S. subsidiary of Belgium-based Union Miniere. Mr. Benalcazar was also general manager for several subsidiaries of the Swiss Holderbank Cement Group. He has additionally served as director of ready-mixed concrete for HolcimCementos Caribe SA in Venezuela and CemetosBoyaca SA in Colombia, which included responsibilities in the Caricom trade market. In the past three years, Mr. Benalcazar served as country manager for several Ecometals Ltd. subsidiary companies in Ecuador. As a former president and member of the board of directors of the Ecuadorian Chamber of Mines, Mr. Benalcazar has actively represented the mining industry in discussions with government authorities. Mr. Benalcazar holds a BA in geology from North Carolina State University and has completed the program for management development at Harvard Business School.
Paul Roberts, CFO, Director
Mr. Paul Roberts is Chief Financial Officer, Director of QRS Capital Corp. He has been Chief Financial Officer of the Corporation since November 2010. Mr. Roberts has been a director of Galena Capital Corp., a company listed on the Exchange since September 2009. Since March 2008, Mr. Roberts has served as Financial Manager of Apex Investigation & Security Inc., one of the companies in Thunder Bay, Ontario. Since July 1994, he has been a real estate broker with Apex Realty Services, a private real estate firm.
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