Code of Conduct
Corporate governance is the set of processes, customs, policies, laws and institutions affecting the way a corporation is directed, administered or controlled. Corporate governance also includes the relationships among the many stakeholders involved and the goals for which the corporation is governed. The principal stakeholders are the shareholders, management and the board of directors. Other stakeholders include advisors, consultants, employees, suppliers, customers, banks and other lenders, regulators, the environment and the community at large.
Lionheart Exploration Inc. believes that using corporate governance in an efficient and effective manner enhances shareholder value. By creating and acting upon standards that promote the best interest of the Company, not only is it furthering the Company’s successes, but as well adheres to the suggested regulations for corporate governance set out by the Securities and Exchange Commission and Canadian Securities Administrators. Directors, management, consultants and advisors of the Company endeavor to comply with the code of conduct as set forth below, and on a regular basis, Lionheart Exploration Inc. reviews its corporate governance policy.
The purpose of the Code of Conduct (the “Code”) is to assist all Company personnel in making decisions regarding the affairs of the Company. The Code states basic principles that should guide the affairs of the Company and deals with certain specific situations but is not comprehensive. Personnel are encouraged to consult with the Chairman of the Company for direction of specific issues on conflicts or potential conflicts.
The Company (including its subsidiaries) and its directors, officers, employees and consultants shall comply with the following obligations:
Conduct the Company’s business and affairs honestly and with integrity, using high ethical standards.
Accurate Financial Recording and Disclosure
Maintain records that accurately reflect the Company’s operations. Financial statements shall be prepared in accordance with generally accepted accounting principles and applicable securities laws. The statements shall be prepared using the highest standards of integrity.
Compliance with Laws
Comply with the laws of each jurisdiction in which the Company does business.
Obligations to Shareholders
Conduct the Company’s affairs with a view to the best interests of the Company as a whole and to enhance shareholder value.
All reasonable efforts will be used to avoid all situations that might reasonably be perceived to conflict or have the potential to conflict with their duties to the Company. If a member of a director’s, officer’s, employee’s or consultant’s immediate family holds a greater than 5% equity interest in, is a director, officer or employee of or has a significant financial stake in a competitor to the Company, this will be considered a conflict situation that will be required to be disclosed. Where a conflict or potential conflict arises in the situation of a director or officer, such individual shall comply with applicable corporate laws with respect to such conflict. If a conflict or potential conflict arises involving an employee or consultant, the individual shall disclose same to the corporate governance committee and shall abide by the recommendations of the corporate governance committee with respect to the conflict.
Stock Trading and Use of Material Information
Shall comply with the Company’s Policy on Stock Trading and Use of Material Information.
Communications and Corporate Disclosure
Shall comply with the Company’s Communications and Corporate Disclosure Policy.
Respect and Tolerance
Shall not tolerate discrimination, intimidation or harassment on the basis of race, color, age, gender, sexual orientation, marital status, physical or mental disability, national or ethnic origin or religious beliefs. Employees are entitled to work in an environment which is respectful of their dignity, rights, needs and individual differences.
Conduct the Company’s exploration, development and mining operations using environmental best practices with a goal to protecting human health, minimizing impact on the ecosystem and returning exploration and mining sites to a high environmental standard.
Shall provide safe and healthy working conditions and comply with all occupational health and safety laws and regulations.
Contribution to Local Communities
Conduct the Company’s operations with a view to respecting and enhancing the economic and social situations of the communities in which the Company operates.
Dealing with Public Officials
Not directly or indirectly make payments to public officials with a view to assisting the Company to conduct its business unless there is no reasonable alternative to such payment, the payment is not being made to induce the official to misuse his or her position, the payment is not illegal under the jurisdiction’s laws and the payment is properly recorded and identified in accounting records.
Not provide gifts or other personal benefit to others that would be considered extravagant or would reflect unfavorably on the Company.
Not seek or receive gifts or other personal benefit from those doing or seeking to do business with the Company which might reasonably be perceived to have the ability to affect the recipient’s judgment or conduct involving the Company.
Other Entities to be Ethical
Use reasonable efforts to ensure that the companies and individuals with which the Company does material business also observe high ethical standards.
Compliance with the Code
It is the responsibility of all directors, officers, employees and consultants to be aware of their obligations under and to comply with this Code. All breaches of this Code shall immediately be reported to the Chairman of the Board. All reports by an individual of violations will be kept confidential except if otherwise required by law. Individuals who breach the Code may be subject to disciplinary action including dismissal.
Date of Implementation September 30, 2018
Lionheart Exploration Inc. has taken all reasonable care and precautions in the production and publishing of the information on this web site and all of its materials, and does so, on a regular basis. Content on the Company website and written materials may still contain technical or other inaccuracies, omissions, or typographical errors, for which Lionheart Exploration Inc. assumes no responsibility. Furthermore, the Company does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information on this site. Under no circumstances (which includes but is not limited to negligence) shall Lionheart Exploration Inc. be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer or other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material on this site. The information contained on this website should not be regarded as a substitute for independent professional advice. You should seek out advice before making any investment decisions.
This website contains “forward-looking information” and all statements other than statements of historical fact, constitute forward-looking statements. The actual results of Lionheart Mining Corp. may differ significantly from those anticipated in the forward-looking statements and readers are cautioned not to place undue reliance on these forward-looking statements. Except as required by securities regulations, the Company undertakes no obligation to publicly release the results of any revisions to forward-looking statements that may be made to reflect events or circumstances after the above-stated date or to reflect the occurrence of unanticipated events.
Forward-looking statements include, but are not limited to, statements with respect to the future price of copper, gold, nickel and iron ore, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, currency fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims, limitations on insurance coverage and the timing and possible outcome of litigation. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be future results materially different from any results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to the integration of acquisitions; risks related to international operations; risks related to joint venture operations; actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of uranium, copper, gold, nickel and iron ore; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Third Party Links
Lionheart Exploration Inc. has provided links from this web site to several other web sites which are arms-length to the Company. The viewer should be aware that in linking to these outside web sites, he or she is leaving the Lionheart Exploration Inc., web site and that Lionheart Exploration Inc., is not responsible for the content of any other site.