MEGA APPOINTS GLEN KUNTZ AS PRESIDENT AND INTERIM CEO
Mega Precious Metals Inc. (MGP:TSX-V) (“Mega”) is pleased to announce the appointment of Mr. Glen Kuntz, P.Geo. to the positions of President and Interim Chief Executive Officer effective immediately as Mr. James Rogers has decided to resign from his current position and from the board for personal reasons.
Mr. Rogers will remain with the Corporation in a technical consulting capacity. Mega wishes to thank Jim for his generous contribution to the company and the integral part he has played in the company's growth and successes.
Mr. Kuntz has held the role of Chief Operating Officer with Mega since February 2011 and has more than 20 years of experience in mining, exploration, financings and business development including Placer Dome, Runge, GMC Global, Noranda, Rea Gold and Vale. He brings an abundance of experience gained from over 200 projects at all stages of development located in more than 20 countries.
Mr. Kuntz commented, "I am excited about the opportunity to lead Mega through this important growth phase. Mega has two active and growing projects in Canada (Monument Bay and North Madsen Projects), is well-funded for ongoing exploration and will continue to develop these projects in a timely fashion. We look forward to growing both the Red Lake and Monument Bay Resources well beyond its current resource base. Concurrent with ongoing exploration, we will continue to develop these known resources and will expand these assets with our strong pipeline of well-defined exploration targets. Furthermore, the company is currently updating its combined NI 43-101 compliant Measured and Indicated resources of 36M tonnes at 1.86 g/t equating to 1.98 million gold ounces and the Inferred resources of 25M tonnes at 2.81 g/t equating to 2.11 million gold ounces at both of its key projects to ensure the company is properly valued; as such we are well-positioned to add significant shareholder value in the near future.
Mega has assembled an excellent team to work together to continue to deliver results. The gold markets continue to reward new discoveries and our investors can look forward to a steady pace of activity and regular communications."
September 11, 2012 (Source: Mega Precious Metals Inc.)
Disclosure: Mega Precious Metals is a Vulture Bargain Candidate of Interest (VBCI). Members of the GGR team are actively accumulating and may hold long positions in MGP.V.