Mining Company Reshuffles Board

Sat., May 24, 1997

From Staff And Wire Reports

Independence Lead Mines Co. in Wallace replaced most of its board of directors Thursday, with three of four members resigning.

Attorney H. James Magnuson, and retired businessmen Wray Featherstone and R.M. MacPhee resigned, a company statement said. Former president Dale Lavigne, an Osburn, Idaho, business owner, remained on the board.

Four new members appointed to the board include: newly elected president Bernard Lannen of Cataldo, Idaho; Forrest Godde, of Lancaster, Calif., and Hayden Lake; Gordon Berkhaug, a Spokane real estate broker; Robert Bunde of McVille, N.D.; and Wayne Schoonmaker, a Wallace certified public accountant.

Independence Lead Mines owns 18.5 percent of the Gold Hunter silver ore body that Hecla Mining Co. expects to bring into full production next year.

Independence Lead Mines’ stock is listed on the Spokane over-thecounter market.

The company has 2,050 shareholders, Lannen said. A shareholders meeting to elect directors will be held in the summer. , DataTimes

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Mining Company Reshuffles Board

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