News Out!!!! :(
This is sad NR; IMO Glen set up Cornerstone Resources and moved this company forward from day one. It was his business knowledge and smarts. He chose the peoples who were best for the job at hand and it was through his leadership that got CGP where it is today. Thanks Glen:) Cheers..
Now we have Brooke running the show; IMO. Never had a face to face with Brooke, but several conversations since he was placed in charge some months ago; his direction is strong and firm even though it is different than Glens, which is not a bad thing lets see how CGP unfolds in 2012. Cheers to all.
December 30, 2011 08:00 ET
Cornerstone Announces Management Changes
MOUNT PEARL, NEWFOUNDLAND--(Marketwire - Dec. 30, 2011) - Cornerstone Capital Resources Inc. ("Cornerstone" or the "Company") (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (OTCBB:CTNXF) today announced that the Company's current President, Brooke Macdonald, has also been appointed CEO effective January 1, 2012, replacing Glen H. McKay in that role. Mr. McKay will remain a director of and an advisor to Cornerstone.
In announcing the appointment, outgoing CEO and co-founder of Cornerstone, Glen H. McKay, said: "Since Brooke's appointment as President earlier this year (see news release dated February 24, 2011), he has been taking on increasing levels of responsibilities in Cornerstone and I believe it is now time for me to step aside and let the team we have built take the Company to the next level. I will continue to be actively involved with Cornerstone as a director and an advisor."
John Fleming, Cornerstone's Chairman, commented: "Glen H. McKay has held various executive and board positions with the Company since 1997, and helped provide the vision for the Company to expand internationally and to build a strong management team. Under his leadership, the Company expanded into Ecuador and Chile, and together with our 50% partner Thundermin Resources Inc. advanced the Little Deer Cu deposit to completion of a preliminary economic assessment (see news release dated November 1, 2011). In addition to our interest in Little Deer, Cornerstone now has several key properties with excellent potential including the Shyri property in Ecuador, in which Intrepid Mines Ltd. (TSX:IAU) (ASX:IAU) is currently earning a 60% interest. The Board wishes to thank Mr. McKay for his service as CEO and is pleased he will continue to serve as a non-executive director and to advise the Company on its strategic direction."
About Cornerstone
Cornerstone Capital Resources Inc. is a mineral exploration company based in Mount Pearl, Newfoundland and Labrador, Canada, with a diversified portfolio of projects in Ecuador, Chile, and Atlantic Canada, and a strong technical team that has proven its ability to identify, acquire and advance properties of merit. The company's business model is based on generating exploration projects whose subsequent development is funded primarily through joint venture partnerships. The company is well funded and commitments from JV partners constitute significant validation of the strength of Cornerstone's projects. Further information is available on Cornerstone's website:
