Richard A.N. Bonnycastle
Chairman of the Board, Independent Director
Mr. Bonnycastle through Cavendish Investing Ltd. is the major shareholder of Pacific Iron Ore, holding just under 42 percent of the Corporation’s common shares on a direct and indirect fully diluted basis as of September 2008. Mr. Bonnycastle has had a distinguished business career spanning more than half a century, including decades of experience on the corporate governance side as a chairman and independent director. He was chairman of Emerald Fields Resource Corporation, Pacific Iron Ore’s predecessor company. Currently, he is a director of Mosaic Energy Ltd., Twoco Petroleums Ltd., Century Energy Ltd., Network Capital and National Leasing Corporation. Among his many previous appointments, he has served as chairman of Bracknell Corporation, Patheon Inc., and Harlequin Enterprises Ltd., and as a director of the Canada Development Investment Corporation (including chairman of its divestiture committee) and TORSTAR Ltd. Mr. Bonnycastle began his career at the Great-West Life Assurance Company. In 1963, he became corporate underwriter for Richardson Securities. There he operated Cavendish Investing Ltd., which became a full-time undertaking in 1968. Cavendish later became the major shareholder of Emerald Fields. Mr. Bonnycastle received a Bachelor of Commerce degree from the University of Manitoba in 1956.