VANCOUVER, April 23, 2014 /CNW/ - Mediterranean Resources Ltd. (TSX: MNR; Frankfurt: MHM1) ("MNR" or the "Company") wishes to advise that Alex Gostevskikh has resigned as a director of the Company. The Board would like to thank Mr. Gostevskikh for his services to the Company since 2011 and wishes him well for the future.
David Taylor has been appointed as a Director of the Company.
Mr. Taylor has been involved with junior companies as President of Capital Street Group, a finance advisory firm, since 2007. He has over 15 years of experience in financial markets in Asia, the USA and Canada. He began his career in investment banking executive search and was later recruited by the Thomson Reuters software division. He helped launch a venture capital deal database for the US National Venture Capital Association in 1999. Clients included Intel Capital, Microsoft and US Venture Capital Funds. During this time, he was a prominent speaker at venture capital and buyout conferences in the US and internationally and regularly presented data warning of the bubble in dotcom investments.
Following that, Mr. Taylor was a manager at a boutique provider of alternative asset management software for institutions and family offices. Representative clients included the Rockefeller Foundation, CALPERS, CALSTERS, UTIMCO, Princeton University, Stanford University, Cascade Investments (Bill and Melinda Gates Foundation), MSD Capital (Michael Dell), Mousse Capital (Chanel Family) and the Hewlett Foundation.
Additional Company information is also obtainable on the Company's web site: www.medresources.ca
Signed on behalf of the Board of Directors.
Forward-Looking Statements: This Mediterranean Resources Ltd. news release may contain certain "forward-looking" statements and information relating to Mediterranean which are based on the beliefs of Mediterranean management, as well as assumptions made by and information currently available to Mediterranean management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.
SOURCE: Mediterranean Resources Ltd.
For further information: Christopher Ecclestone, Chairman of the Board, 604-669-3397, www.medresources.ca