HTC had a roughly 4.5 percent share of the global smartphone market in 2008 and ranked No. 4 behind Nokia, Research In Motion and Apple, according to Gartner. (Reporting by Sinead Carew; editing by Carol Bishopric and Richard Chang) ((email:; +1 646-223-6186)) Keywords: HTC/USPHONESALESKeywords: HTC/USPHONESALESKeywords: HTC/USPHONESALES(C) Reuters 2009.All rights reserved.Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nN24458562. SPOKANE, Wash.–(Business Wire)–HuntMountain Resources Ltd. (“HuntMountain”) (OTCBB:HNTM) is delighted toannounce that it entered into a Letter of Intent (“LOI”) with Sinomar CapitalCorp. (“Sinomar”) (TSX VENTURE:SMM.P), a Canadian Capital Pool Corporation,pursuant to which Sinomar will acquire 100% of the shares of HuntMountain`sArgentine subsidiary, Cerro Cazador S.A (CCSA) in a Reverse TakeoverTransaction.
The transaction is intended to be Sinomar`s Qualifying Transactionas defined in Policy 2.4 of the TSX Venture Exchange (the “TSXV”) and istherefore subject to regulatory approval. The LOI contemplates the issuance of29,118,507 common shares and 20,881,493 convertible preferred shares of Sinomar,all with a deemed value of CDN$0.30 per share The total deemed value for thetransaction is CDN$15,000,000. Upon completion of the transaction, HuntMountainwill own a majority controlling interest in Sinomar. The LOI also contemplates that Sinomar will raise, concurrently with the closingof the Acquisition a minimum of CDN$1,500,000 and a maximum of CDN$3,000,000(the “Offering”) by way of a combination of a short form offering document andprivate placement at a price of CDN$0.30 per share. It is proposed that, upon completion of the Qualifying Transaction, a new boardof directors for Sinomar will be nominated or elected. The new board willconsist of at least six directors, four of whom are to be nominees ofHuntMountain and two of whom will be nominees of Sinomar The nominees ofSinomar are David Bikerman and Andrew M Gertler. HuntMountain has nominated TimHunt, Darrick Hunt, Matthew Hughes and Bryn Harman.
The following are theproposed directors and officers: President, Chief Executive Officer and Chairman of the Board of Directors – TimHuntTim Hunt is presently the CEO, President and Chairman of the board ofHuntMountain Mr. Hunt is the founder and president of Spokane, Washington-basedHuntwood Industries, one of the largest building products manufacturers in theWestern United States Mr. Hunt has led the development of Huntwood Industriesover the past 20 years – taking the business from a start-up venture to asignificant middle-market enterprise President and Director – Matthew HughesMatthew J. Hughes is a geologist with twenty years of experience in thediscovery, exploration and mining of precious metal projects in the UnitedStates, Argentina, China, Brazil and Uzbekistan Mr. Hughes has been directlyresponsible for the discovery of numerous precious and base metal occurrences,including the producing Mina Martha high-grade silver lode in Santa Cruz,Argentina Mr. Hughes has held senior level positions with Mundoro Mining, Inc.,Yamana Resources Inc., Platero Resources Inc and Kinross Candelaria Mining Co.Matt has also provided geological services for Silver Standard Resources, MinasBuenaventura, NERCO Exploration and Atlas Precious Metals.
He received hisBachelor of Science degree in geology from the University of Oregon. Chief Financial Officer, Secretary and Director – Bryn Harman, CFAMr Harman is the Chief Financial Officer of HuntMountain Mr. Harman hasfifteen years of experience in corporate finance and investment roles in Canadaand the United States Mr. Harman was the Director of Research for a nationalinvestment management firm, a senior equity analyst for a small cap investmentadvisory firm, a Listings Officer with the Alberta Stock Exchange and acorporate finance consultant for a Calgary-based Chartered Accounting firm. Mr.Harman is a Chartered Financial Analyst and holds a Bachelor of Commerce degreefrom the University of Saskatchewan. Director – Darrick Hunt, CPADarrick Hunt is a Director of HuntMountain and the Chief Financial Officer ofHuntwood Industries Mr.
Hunt holds a license as a Certified Public Accountantunder the Board of Accountancy of Washington State and has a Bachelor`s inBusiness Administration from Gonzaga University. Director – David BikermanDavid Bikerman is a Director of Sinomar Mr. Bikerman has worked in the miningfield for over twenty years and has experience in all aspects of miningenterprises including exploration, operations and management. He is theprincipal of Bikerman Engineering & Technology Associates, Inc. (BETA), aprivate company, which since 1997 has offered services to the mining industry infinancial modeling; exploration and geologic model preparation; geo-statisticaland reserve analyses; 27 environmental plans; project feasibility; and projectdesign and management Mr. Bikerman holds two degrees in mining engineering,including Engineer of Mines (1995) and Master of Science in mining engineering(1985) from Columbia University. From June, 2005 to August, 2007, he wasPresident of Sino Silver Corp Since July, 2006, Mr.