Montello Resources appoints O'Brien as director, CEO Montello Resources Ltd (C:MEO)
Shares Issued 199,325,406
Tuesday May 06 2014 - News Release
Mr. Fred Hill reports
MONTELLO ANNOUNCES NEW DIRECTOR AND CEO
Montello Resources Ltd. has appointed James O'Brien as director, chairman, chief executive officer of the company with Peter Brown's resignation from these positions effective immediately. The company wishes to thank Mr. Brown for his work to reinvigorate the Pincher Creek project and is pleased that he will continue to provide geological expertise to Montello as well as join the newly formed advisory board initially tasked with cleaning up outstanding corporate accounting and filing matters necessary to qualify Montello for reinstatement of trading.
Mr. O'Brien has a strong understanding of acquisitions and structuring, and has demonstrated an ability to raise capital/financing with his knowledge of equity markets and familiarity with audits. He has a global network of business associates and contacts in 29 countries, 10 Canadian provinces and 26 U.S. states, and is experienced in debt syndication, public offerings and securities, dealing with securities lawyers and commissions. His significant experience in equity financing for an exploration company like Montello is timely. He complements Montello's newly recruited officers and directors Mr. Sader, Mr. Hill and Mr. Omorogbe providing Montello new energy and direction to revitalize itself for a fresh start in 2014.
Mr. O'Brien is also recognized for exceptional ability to unearth, develop and manage new business projects, while forming synergistic alliances enhancing the investments of an organization in this case the Pincher Creek project. He is very team oriented with a demonstrated ability to initiate new ventures and develop strong management organizations for start-up of new businesses. He has proven to be a resourceful businessman with over 25 years of progressive experience in all phases of business and project management. He knows the importance of developing a profitable business by utilizing effective research, leadership and demonstrating fiscal responsibility. The company looks forward to providing further updates going forward.
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