Business
Desert Mountain Energy Appoints Scott Davis as New CFO
(via TheNewswire) May 1, 2019 / TheNewswire / Vancouver, British Columbia -- DESERT MO...
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"Desert Mountain Energy Appoints Scott Davis as New CFO(via TheNewswire)\n \n \nMay 1, 2019 / TheNewswire / Vancouver, British Columbia -- DESERT MOUNTAIN ENERGY CORP. (the \"Company\") (TSX.V: DME) is pleased to announce that Mr. Scott Davis, CPA, CGA, has been appointed to serve as the new Chief Financial Officer of the Company, replacing Ms. Jennifer Todhunter. Ms. Todhunter has resigned as CFO, Corporate Secretary and as a Director in order to pursue other professional and personal interests outside the resource sector. She will remain as a Financial Consultant for the Company through January 31, 2020. \n\n \n \nMr. Davis is a partner of Vancouver-based Cross Davis & Company LLP Chartered Professional Accountants. The firm is focused on providing accounting and management services for publicly-listed companies. Mr. Davis has extensive accounting and finance experience dealing with the complexities of both private and public corporations in a variety of industries. His experience includes CFO positions of several companies listed on the TSX Venture Exchange. His past senior management experience includes four years at Appleby as an Assistant Financial Controller, two years at Davidson & Company LLP Chartered Professional Accountants as an Auditor and five years with Pacific Opportunity Capital Ltd. as an Accounting Manager. \n\n \n \nIn addition to the appointment of Mr. Scott Davis as new CFO of the Company, Ms. Frances Murphy has been appointed to serve as the new Corporate Secretary of the Company. She has been associated with Cross Davis & Co. LLP Chartered Professional Accountants for the past sixteen years. She has developed considerable experience in corporate governance and secretarial matters as well as regulatory compliance. She will be working closely alongside the Company's Senior Management to ensure efficient corporate governance practices and regulatory compliance in her role as Corporate Secretary.\n\n \n \nIn connection with the foregoing appointments, the Company has granted incentive stock options, subject to any necessary regulatory approvals, to purchase up to 100,000 shares of its Common Stock to Mr. Davis and up to 20,000 shares of its Common Stock to Ms. Murphy. The options are exercisable for a term of three years at a price of CAD $0.20 per share. \n\n \n \nAccording to Irwin Olian, CEO of...