Montero Announces Change to the Board of Directors
May 26 2014 - 4:33PM
Marketwired
Montero Announces Change to the Board of Directors
TORONTO, ONTARIO--(Marketwired - May 26, 2014) - Montero Mining
and Exploration Ltd. (TSX-VENTURE:MON) ("Montero") announces the
resignation of Michael Wolley, effective immediately, as a member
of the Board of Directors of the Company due to increased work
commitments in Australia. The Board of Directors will look to fill
the vacancy in the coming months.
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Dr. Tony Harwood, President and Chief
Executive Officer of Montero commented, "On behalf of Montero's
management team and the Board, I would like to extend my sincere
gratitude to Michael for this significant contribution to the
Company. With substantial experience in the resource sector,
Michael Wolley has played a crucial role in advising on the
development of the Company and we wish him well in his future
endeavours." |
About Montero Mining & Exploration
Montero Mining and Exploration Ltd. is a mineral exploration and
development company focused on achieving production of rare earths
primarily from its flagship Wigu Hill project in Tanzania. With
China's control over rare earth export quotas, it is becoming
imperative that the rest of the world develops new rare earth
resources to meet the increasing demand from "green" technology and
high-tech applications. Montero has a highly experienced Board and
Management team that has built and operated mines and refineries in
Africa, which brings significant credibility to our strategy of
becoming a rare earth producer. In addition to rare earths, Montero
has phosphate assets in South Africa for sale or joint venture.
Dr. Tony Harwood, President and CEO
CAUTIONARY STATEMENT: Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. This News Release
includes certain "forward-looking statements". This News
Release includes certain "forward-looking statements". These
statements are based on information currently available to Montero
and Montero provides no assurance that actual results will meet
management's expectations. Forward-looking statements include
estimates and statements with respect to Montero's future plans,
objectives or goals, including words to the effect that Montero or
management expects a stated condition or result to occur.
Forward-looking statements may be identified by such terms as
"believes", "anticipates", "expects", "estimates", "may", "could",
"would", "will", or "plan". Since forward-looking statements are
based on assumptions and address future events and conditions, by
their very nature they involve inherent risks and uncertainties.
Actual results relating to, among other things, results of
exploration, project development, reclamation and capital costs of
Montero's mineral properties, and Montero's financial condition and
prospects, could differ materially from those currently anticipated
in such statements for many reasons such as: changes in general
economic conditions and conditions in the financial markets;
changes in demand and prices for minerals; litigation, legislative,
environmental and other judicial, regulatory, political and
competitive developments; technological and operational
difficulties encountered in connection with Montero's activities;
and other matters discussed in this News Release and in filings
made with securities regulators. This list is not exhaustive of the
factors that may affect any of Montero's forward-looking
statements. These and other factors should be considered carefully
and readers should not place undue reliance on Montero's
forward-looking statements. Montero does not undertake to update
any forward-looking statement that may be made from time to time by
Montero or on its behalf, except in accordance with applicable
securities laws.
Montero Mining and Exploration Ltd.ir@monteromining.com+1 416
840 9197+1 866 688 4671www.monteromining.com
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