News
2021-06-25 17:03 ET - News Release
Mr. David Lees reports
MONTEREY MINERALS ANNOUNCES MANAGEMENT CHANGES
James Macintosh has resigned his position as president, chief executive officer and a director of Monterey Minerals Inc., effective immediately, to pursue other opportunities.
As a result of the resignation, Monterey's board of directors has appointed David Lees as interim chief executive officer.
Mr. Lees currently serves on the board of directors of Monterey. Mr. Lees has over 20 years of experience in the financial services industry, beginning his career as a stockbroker before moving into investment and funds management, with a primary focus on natural resources. These roles have given Mr. Lees extensive experience with capital raising, business development, portfolio management, business relationships and corporate governance. He currently serves as a non-executive director of Australian Securities Exchange listed Sultan Resources Ltd. Mr. Lees's education qualifications include a bachelor of economics and postgraduate diploma in applied finance and investment. Mr. Lees has assumed the role of chairman of the audit committee.
The company thanks Mr. Macintosh for his service and wishes him the best of luck on his future endeavours.
About Monterey Minerals Inc.
The company owns the Cobalt Mountain property in the Omineca mining division of British Columbia near the town of Smithers. The company's National Instrument 43-101 technical report, available on SEDAR, notes historic sampling on the property that returned mineralized showings of gold, silver, copper, zinc and cobalt. The company has optioned its 451 square kilometres of prospective Pilbara basin tenements on the eastern flank of the Pilbara basin in Western Australia to an Australian exploration company.