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Montego Resources Inc (2)
Symbol MY
Shares Issued 44,751,570
Close 2019-04-22 C$ 0.05
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Montego CEO Cegielski sues over salary, legal fees

2019-06-19 10:53 ET - Street Wire

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by Mike Caswell

The legal feud surrounding Montego Resources Inc. has grown another strand, with Montego's chief executive officer, Adam Cegielski, filing a lawsuit in the Supreme Court of British Columbia against his own company. He says that Montego owes him $250,000, representing money that he paid on the company's behalf for legal fees. The company also owes him money for salary, he claims.

The allegations are contained in a brief notice of claim that Mr. Cegielski filed at the Vancouver courthouse on June 11, 2019. The suit states that Mr. Cegielski advanced $250,000 to a law firm that represents Montego in a dispute with its former chief financial officer, Anthony Jackson, who controls the company's bank accounts. The legal fees to date have exceeded the $250,000 that Mr. Cegielski advanced.

In addition, Mr. Cegielski claims that Montego owes him for his salary. He is supposed to be receiving $10,000 per month, but has received nothing, he claims. He has been CEO since Sept. 1, 2018, or for a period of over nine months.

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