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Montego Resources Inc (2)
Symbol MY
Shares Issued 44,751,570
Close 2019-04-22 C$ 0.05
Recent Sedar Documents

Montego director Jackson continues to press for AGM

2019-06-20 12:39 ET - News Release

Mr. Anthony Jackson reports

On May 8, 2019, counsel acting on the instructions of purported Montego Resources Inc. board members Cegielski, Greig and Malhotra made application for an injunction in the Supreme Court of British Columbia requiring Bank of Montreal to release in excess of $1-million of company funds to the Cegielski group's control. Counsel for Anthony Jackson, a director of the company, opposed the application on the basis that the Cegielski group members were not directors of the company, despite having filed records indicating such. Counsel for the Cegielski group asked the court to recognize its clients as the proper directors of the company, despite not having made an application seeking this relief. The court did not grant this relief or the requested injunction. It was left with counsel for the Cegielski group to make such an application. Subsequent to the hearing, counsel for Mr. Jackson invited the Cegielski group counsel to make that application on an expedited time frame, but the members did not respond and it has since been disclosed on Stockwatch that Mr. Cegielski has filed a lawsuit against the company for an advance that was made on his behalf for the Ceglieski group's legal fees and for management fees he is claiming. Although that claim has not been served, it is apparent that the Cegielski group has abandoned its claims to be directors of the company and, as such, Mr. Jackson will take steps to convene the annual general meeting and bring the company into good standing with the Canadian Securities Exchange.

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