October 30, 2009
MetalCorp Announces Management Transition
Toronto, Canada (October 30, 2009) - MetalCorp Limited (TSX-V: MTC) is pleased to announce that the mandate of Ken Booth and David Mallalieu to oversee the re-organization of the management, geological data and exploration programs of MetalCorp has been fulfilled and, accordingly, to reflect their reduced activities and responsibilities they are transitioning out of their roles as Vice-Presidents to continue as consultants.
"We are extremely pleased with the job that David and Ken have done for MetalCorp," commented Naomi Nemeth, MetalCorp's new President and CEO. "David and Ken have helped re-organize the management and geological team at MetalCorp to position the company for its next stage of growth. On behalf of the company and its shareholders I would like to express our appreciation and gratitude for all that they have done over the past six months. Even though their original mandate has been fulfilled, we are very pleased that they have agreed to continue to assist the company."
MetalCorp is a mineral exploration company based in Thunder Bay, Ontario with gold and base metal projects in the Canadian Shield of Northern Ontario, Canada, one of the most prolific mineral districts in the world. The projects, with a total area of more than 85,000 acres, include the Hemlo East property, the Big Lake copper-zinc-silver-gold property, the North Rock copper-nickel-platinum property, and the Dorset, Pickle Lake, Black Bear and Keezhik Lake gold properties.
MetalCorp has 49,106,636 common shares outstanding and approximately $1,100,000 in cash and no long-term debt. To find out more about MetalCorp visit its website at www.metalcorp.ca.
For further information, please contact:
Naomi Nemeth, President and CEO
Note: Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
© 2018 MetalCorp Inc.