Northern Vertex (TSXV: NEE) has seen its President and CEO exit the firm little more than a week after the completion of the controversial merger with Eclipse Gold. The company this morning issued the news in the early hours.
Ken Berry has stepped down from his role as both President and Chief Executive Officer, however has elected to remain as a director of the firm. Taking on the rule will be will be that of Douglas J Hurst, whom is Chairman of the board and came to the firm via Eclipse.
Michael Allen meanwhile, whom is currently EVP of Corporate Development for the firm will be taking on the role President of the company. Allen also came to the company via the merger with Eclipse, where he served as President and CEO.
Northern Vertex last traded at $0.42 on the TSX Venture.
Information for this briefing was found via Sedar, and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
