Meadow Bay Appoints Directors and CFO
March 15 2011 - 2:02PM
Marketwired
Meadow Bay Capital Corporation (the "Company") (TSX VENTURE:
MAY)(FRANKFURT: 20M)(WKN: A1C3DN) is pleased to announce the
appointment of Jordan Estra and Eric Allison to the Board of
Directors of the Company.
The Company is also pleased to announce the appointment of Keith
Margetson as Chief Financial Officer of the Company.
Mr. Estra has been a leading research analyst and global
metals/mining team leader for a number of major investment banks,
including SG Warburg (now UBS), Merrill Lynch, BT Alex Brown (now
Deutsche Bank) and Oppenheimer. He began his career in the mining
industry, at AMAX Inc., a global natural resources leader with
interests in precious metals, copper, lead, zinc, coal, oil &
gas, molybdenum, tungsten and iron ore. At AMAX Mr. Estra held a
number of positions in Finance, Marketing and Strategic Business
Development.
Mr. Allison is the managing director and chief geologist at
Casimir Capital L.P., an investment bank and North American
specialist in commodities and mining. Mr. Allison's work in the
natural resources industry includes technical evaluation, M&A
and business development experience in metals, mining and oil &
gas. Prior to joining Casimir, he was a director and vice president
at Sempra Commodities from 1999-2009, where he was responsible for
the business development activities at Sempra Metals &
Concentrates and Sempra Energy Trading. Mr. Allison has also served
as a consultant to various companies and law firms including Cyprus
Amax Minerals, Phelps Dodge and Schlumberger. He was the director
of Business Development for Amax Energy from 1991-1994 and served
as the head of Planning and Analysis at Amax Oil & Gas from
1988-1991.
Mr. Margetson is a chartered accountant and has been in public
accounting for over three decades. He is a member of the British
Columbia Institute of Chartered Accountants and a member of the
Illinois CPA Society.
The appointment of Messrs. Estra and Allison to the Board of
Directors follows the resignation of Messrs. Dan Forigo and Terry
Fields. The Company would like to thank Dan and Terry for their
many contributions to the Company and wish them well in their
future endeavours. Mr. Fields has also resigned as chief financial
officer of the Company.
"We welcome Jordan and Eric to the Board and Keith to our senior
executive team. Their appointments are another important step in
positioning Meadow Bay for success as each of them bring extensive
experience to Meadow Bay," said Robert Dinning, Chairman and Chief
Executive Officer.
The above appointments are subject to the approval of the TSX
Venture Exchange.
Management of the Company will now comprise of Robert Dinning,
Chief Executive Officer, Keith Margetson, Chief Financial Officer,
Bill (Charles) Reed, Director of Exploration.
The Company also wishes to report that Tim Master will be in
charge of the Company's Atlanta gold project in Nevada. Mr. Master
is a Certified Professional Geologist with AIPG and obtained a MS
degree in Geology from the University of Wyoming and has over 35
years of experience working in a variety of metal deposit types
with the majority of the work in gold deposits and exploration in
Nevada. Mr. Master was instrumental in the successful acquisition
of the Atlanta Gold, the Colorback Gold and the Spruce Mountain
Molybdenum-Copper Projects currently owned by the Company.
The Company also announces that the Board of Directors have
approved the grant of 1,850,000 stock options to Officers,
Directors and Consultants of the Company. Each option entitles the
holder to purchase one common share of the Company at a price of
$1.24 per share for a period of five years.
The Company has appointed an audit committee consisting of Bob
Dinning, Jordan Estra and Adrian Robertson.
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 press release.
Contacts: Meadow Bay Capital Corporation Robert Dinning CEO
604-682-2928 604-685-6905 (FAX) Launch IR Matthew Harrington
613-882-7467
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