Vancouver, B.C. – October 6, 2016 – Montego Resources Inc. (CSE: MY) (the “Company” or “Montego”) is pleased to announce that it has appointed Kenneth Tollstam as CEO and director of Montego.
Mr. Tollstam will be replacing Robert Coltura as the CEO of the company who has resigned from the board to pursue other opportunities. The Company thanks Mr. Coltura for his time and effort as a director and CEO and wishes him well in his future endeavors.
Mr. Tollstam has spent a number of years at Deloitte Touche, where he obtained his CA before going on to hold various executive management and director of finance positions throughout his career. Currently Mr. Tollstam serves as director of several private and publicly traded companies.
ON BEHALF OF THE BOARD OF MONTEGO RESOURCES INC.
CEO and Director
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
This press release includes “forward-looking statements” including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Montego Resources Inc. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Montego Resources Inc. does not assume the obligation to update any forward-looking statement, except as required by applicable law.