BluMont director resigns

Date: Friday, September 29, 2006
Author: Advisor.ca

William Train has resigned as a director of BluMont Capital, effective immediately. Train gave no reasons for his decision.

Train was a member of the board's independent committee, which was created to review and consider a buyout offer from BluMont's principal shareholder, Integrated Asset Management.

Thomas Simpson, the second member of the committee, will continue reviewing the offer and report to BluMont's board of directors.

The BluMont board must make a decision on the IAM offer and send its recommendation to shareholders by October 6.