TIMMINS, ON, Feb. 11 /CNW/ - Moneta Porcupine Mines Inc. (TSX: ME / OTC: MPUCF / XETRA: MOP) (the "Company" or "Moneta") announces the appointment of Richard Boulay as interim Chief Financial
Officer, effective immediately. The role of acting Chief Financial Officer was previously held by Ian C. Peres, who
continues as the Company's President and Chief Executive Officer and
Ian C. Peres said, "The significant increase in Moneta's level of
exploration activity on its highly prospective property portfolio
requires a separate CEO and CFO role and we are pleased to have Mr.
Boulay step in as interim Chief Financial Officer. This will afford me
more time to focus on operations, marketing and the continued expansion
of the shareholder base."
Mr. Boulay, who is currently a member of Moneta's Board of Directors,
has over 35 years of experience in the mining and exploration
industries, including senior and executive level management of mining
companies. His distinguished career includes fifteen years of mining
and infrastructure project financing for three international banks; the
Bank of Montreal, Royal Bank of Canada and Bank of Tokyo. Mr. Boulay
has over 25 years of public company experience and is currently a
director of several public companies including San Gold Corporation.
Mr. Boulay served as San Gold Corporation's first Chief Financial
Officer from 2005 until June 2007.
Moneta also announces the resignation of Charles Parsons from the Board
of Directors to afford him more to time to focus on his personal
business interests. The Board of Directors would like to thank Mr.
Parsons for his meaningful contribution over his longstanding term as a
Director and wishes him well in his future endeavours.
Moneta is a long-established gold mineral exploration and development
company and former gold producer which owns one of the largest property
portfolios over approximately 10% of the Destor Porcupine Fault Zone
(from Timmins, Ontario to the Quebec border), one of the key structural
features in the Abitibi Greenstone belt in Ontario. Moneta owns 100%
of the Golden Highway Project, North Tisdale, Nighthawk Lake, Kayorum
and Denton Thorneloe (West Timmins) core projects located in the
Porcupine and Golden Highway Camps, one of the most prolific gold
producing regions in North America, with over 72 million ounces of gold
mined to date.
The TSX does not accept responsibility for the adequacy or accuracy of
Moneta's public documents may be accessed at www.sedar.com.
For further information on Moneta, please visit our website at www.monetaporcupine.com or email us at email@example.com.
SOURCE Moneta Porcupine Mines Inc.
For further information:
Ian C. Peres, President & CEO