🕐21.03.11 - 13:27 Uhr
Mediterranean Announces Senior Management and Board Changes
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News Release - Monday, March 21, 2011
Mediterranean Announces Senior Management and Board Changes
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Vancouver, B.C., March 21, 2011 - Mediterranean Resources Ltd.
(TSX:
MNR; Frankfurt: MHM1) ("Mediterranean" or the "Company") announces that
Christopher Ecclestone has been appointed as Interim Chief Executive
Officer of the Company, pending the engagement of a permanent CEO.
The Company also announces that Winnie Wong (of Pacific Opportunity
Capital Ltd.) has resigned from her position of Chief Financial Officer
to allow for the appointment of Ann Fehr as the new Chief Financial
Officer.
Ann Fehr has several years of experience with the
implementation and use of International Financial Reporting Systems
which will greatly aid the Company in its transition to IFRS.
This
change follows discussions initiated some time ago.
Interim Chairman,
John Clarke commented "The Board of Mediterranean would like to thank
Winnie Wong for her many years of service, which began when the Company
first started operations in Turkey over six years ago".
The Company also announces that Peter Guest has resigned as a Director
of the Company.
Signed on behalf of the Board of Directors.
For further information please contact:
Dr.
John Clarke
Interim Chairman
604-669-3397
www.medresources.ca
The TSX does not accept responsibility for the adequacy or accuracy of
this release.
Statements contained in this news release that are not historical fact,
such as statements regarding the prospects of the Companys Chief
Executive Officer ("CEO") search, are forward-looking statements as
that term is defined in Canadian Securities legislation and the Private
Securities Litigation Reform Act of 1995.
Such forward looking
statements are subject to risks and uncertainties which could cause
actual results to differ materially from estimated results.
Such risks
and uncertainties include, but are not limited to, the Companys
ability to identify and engage a suitable CEO and the other risks and
uncertainties described more fully in the Companys Form 20-F as
amended and other filings with Canadian regulators and the Securities
and Exchange Commission.
Our forward-looking statements are based on
the beliefs, expectations and opinions of management on the date the
statements are made, and we do not assume any obligation to update
forward-looking statements if circumstances or managements beliefs,
expectations or opinions should change, other than as required by
applicable law.
For the reasons set forth above, you should not place
undue reliance on forward-looking statements.
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Copyright (c) 2011 MEDITERRANEAN RESOURCES LTD.
(MNR.H) All rights
reserved.
For more information visit our website at
http://www.medresources.ca/ or send
mailto:
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