International Montoro Resources Inc (CVE:IMT) (OTCPINK:IMTFF) named finance industry veteran Geoff Balderson its finance chief on Tuesday, as the company makes rapid progress advancing its new holdings.
In a statement, the Vancouver-based emerging resource company said Balderson replaces Fraser Rieche, who has stepped down as the CFO, but will remain as a director for the ensuing year. Montoro has also accepted the resignation of one its directors Brent Griffin.
"I welcome Geoff to the International Montoro team and thank Brent for his service to the company,” International Montoro CEO Karim Rayani said in a statement. “The company is making great progress as we continue to develop our new holdings and rebrand the company as an emerging gold and platinum group element (PGE) focused issuer.”
Balderson has over two decades of capital markets experience having worked in both public and private practice. He is currently a senior officer with Falcon Gold Corp, a director of several Canadian public companies and a principal of Harmony Corporate Limited.
Prior to this, Balderson was an investment advisor at both Union Securities and Georgia Pacific Securities. He is a graduate in marketing and sales from the University of British Columbia.
Separately, the company said its stock option plan has granted 1.3 million incentive stock options exercisable for up to two years at a price of $0.10 cents a unit to directors, officers, and company consultants.
Montoro has been listed on the TSX Venture Exchange for more than 25 years. It describes itself as looking for the next gold, nickel, cobalt and copper, vanadium deposit in Ontario and Quebec, while also being on the hunt for rare earth elements in British Columbia. The company has an extensive property portfolio.
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