MetalCORP Announces Management Transition
October 30 2009 - 6:53PM
Marketwired
MetalCORP Limited (TSX VENTURE: MTC) is pleased to announce that
the mandate of Ken Booth and David Mallalieu to oversee the
re-organization of the management, geological data and exploration
programs of MetalCORP has been fulfilled and, accordingly, to
reflect their reduced activities and responsibilities they are
transitioning out of their roles as Vice-Presidents to continue as
consultants.
"We are extremely pleased with the job that David and Ken have
done for MetalCORP," commented Naomi Nemeth, MetalCORP's new
President and CEO. "David and Ken have helped re-organize the
management and geological team at MetalCORP to position the company
for its next stage of growth. On behalf of the company and its
shareholders I would like to express our appreciation and gratitude
for all that they have done over the past six months. Even though
their original mandate has been fulfilled, we are very pleased that
they have agreed to continue to assist the company."
MetalCORP is a mineral exploration company based in Thunder Bay,
Ontario with gold and base metal projects in the Canadian Shield of
Northern Ontario, Canada, one of the most prolific mineral
districts in the world. The projects, with a total area of more
than 85,000 acres, include the Hemlo East property, the Big Lake
copper-zinc-silver-gold property, the North Rock
copper-nickel-platinum property, and the Dorset, Pickle Lake, Black
Bear and Keezhik Lake gold properties.
MetalCORP has 49,106,636 common shares outstanding and
approximately $1,100,000 in cash and no long-term debt. To find out
more about MetalCORP visit its website at www.metalcorp.ca.
Neither TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy of
this release.
Contacts: MetalCORP Limited Naomi Nemeth President and CEO
416-903-0811 nnemeth@metalcorp.com
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