Monarchy Resources announces appointment of new President and CEO
27 Jun, 2013, 07:00 ET
CAMPBELL, CA, June 27, 2013 /CNW/ - Monarchy Resources, Inc., (OTCBB: MONK.OB) today announced that the company has appointed Steve Staehr as its new President and Chief Executive Officer.
Steven Staehr, is a management and financial professional with over 25 years of professional experience in formulating and administering accounting and financial services to a number of mid to large size and publically traded corporations. Over the years Mr. Staehr has worked with a professional and executive capacity with a number well known privately held and publicly traded companies, including, Deloitte & Touche, Mirage Resorts, Boyd Gaming, Encore Productions, PEM Group, Cash Systems among other highly successful corporations. Mr. Staehr has significant experience with the formation and implementation of IPO's, including his work with Boyd Gaming who launched one of the largest IPO's in the gaming industry. Mr. Staehr is a certified public accountant, and a member of the American Institute of Certified Public Accountants.
"I am honored and excited to be leading Monarchy Resources at this important phase of the company's development," said Staehr. "The business model of the Monarchy taking non-operative positions in companies with high quality properties and strong opportunities is one that I believe will be a game changer in the junior mining sector."
Monarchy is in the process of moving its office to Campbell, California located in the heart of the Silicon Valley with potential access to venture capital and technology.
Steve adds, "The relocation of our offices to the United States will provide management to be within closer proximity of our joint venture properties in Mexico, as well as allowing us to be more accessible to our investors and new opportunities that may come our way."
About Monarchy Resources
Monarchy Resources ("Monarchy") engages in a variety of investments in historically significant, mining claims and mining real estate world-wide with mineral reserves primarily consisting of precious metals. Monarchy Resources takes a minority, non-operated position in precious metal mining projects. We combine experienced management, low overhead and capital towards promising strategic acquisitions. We allow operators to remain focused on their operated interests and in return Monarchy receives revenue share of the profits from such participation. Monarchy's non-operated position continues to gain momentum as Monarchy partners with more operators and land professionals.
About New World Metals
New World Metals Corporation ("NWM") is a mineral development, ore processing and refining company focusing on expanding its production of gold and silver in Chihuahua, Mexico. NWM has two operational mines currently producing 200 tons per day. As of 2013 the company is in the process of acquiring an equal share percentage on a 250-ton per day processing plant. They will expand their mine production to 360 ton-per-day within two years.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, including the Company's beliefs about its business prospects and future results of operations. Some factors that could cause actual results to differ materially include economic and operational risks, changes in anticipated earnings, continuation of current contracts, and other factors detailed in the Company's filings with the Securities and Exchange Commission, including its most recent Forms 10-K and 10-Q. The Company forecasts provided above are dynamic and therefore refer only to this release date. The Company does not undertake to update any forecasts that it may make available to the investing public.
SOURCE: Monarchy Resources, Inc.
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