04:36:39 EDT Mon 13 Jul 2020
Enter Symbol
or Name

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

Montego's Cegielski rejects Jackson claims

2019-06-20 16:11 ET - News Release

Mr. Adam Cegielski reports


Montego Resources Inc. and certain of its directors have disputed the content of Anthony Jackson's June 20, 2019, release, which incorrectly states that Adam Cegielski brought an application seeking the release of Montego funds to the control of the directors. Mr. Cegielski has never made any such application. Instead, Montego Resources commenced proceedings seeking an order from the Supreme Court of British Columbia requiring Mr. Jackson to return control of Montego's bank accounts to Montego, because he had been terminated as Montego's chief financial officer and his signing authority was removed. That civil claim is still before the courts.

In the interim, Mr. Cegielski, Mr. Greig and Mr. Malhotra, all Montego directors, have notified Mr. Jackson that they do not intend to stand for re-election to Montego's board and have consented to Mr. Jackson seeing to the administration of Montego's July 23, 2019, meeting. None of these directors have abandoned their status as directors of Montego, despite Mr. Jackson's efforts to deny that status.

Mr. Cegielski's personal suit against Montego for his advance of legal fees relates to his having to retain legal counsel to respond to a petition commenced by Mr. Jackson naming Montego as a respondent seeking relief in respect of Montego's annual general meeting and the subsequent investigation he performed into Mr. Jackson's conduct as CFO of Montego prior to his termination on March 1, 2019, in circumstances where Mr. Jackson personally controls Montego's accounts and has, to date, refused to reimburse Mr. Cegielski for having to advance legal fees on behalf of the company. That investigation continues.

About Montego Resources Inc.

Montego's flagship property is the Taylor silver project located 16 miles southeast of Ely, Nev. The Taylor project is an advanced-stage silver-gold target located southeast of Ely, Nev., with access from a maintained mine road. The land package comprises 131 unpatented lode claims, five unpatented mill site claims and four patented claims, all covering approximately 2,166 acres.

We seek Safe Harbor.

© 2020 Canjex Publishing Ltd. All rights reserved.