Re: News - Friday, July 11, 2008
08-25 - Cornerstone announces personnel change
Mount Pearl, NL, Canada: Cornerstone Capital Resources Inc.
(TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) announced today that Mr. Mike
Basha is resigning his position with the company but will remain
available to consult to Cornerstone on a limited part-time basis. His
resignation as Executive Vice President of the company is effective
July 14, 2008.
"On behalf of the Directors and employees of Cornerstone, we would
to thank Mr. Basha most sincerely for his dedicated hard work for
Cornerstone and his significant contribution to the development of the
company. We wish him every success in his future endeavors," stated
Colin McKenzie, President & CEO of Cornerstone.
A senior officer of the company was issued 500,000 Cornerstone share
purchase options at the end of June in accordance with his employment
contract. The exercise price is $0.27 and the options expire June 30,
Certain statements contained in this press release may be considered as
forward-looking. Such forward-looking statements are subject to risks
and uncertainties that could cause actual results to differ materially
from estimated or implied results.
On Behalf of the Board,
Colin B. McKenzie
President & CEO
Further information is available on the Cornerstone Web site at
www.cornerstoneresources.com; via e-mail at firstname.lastname@example.org;
or toll free at 1-877-277-8377.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Copyright (c) 2008 CORNERSTONE CAPITAL RESOURCES INC. (CGP) All rights
reserved. For more information visit our website at
http://www.cornerstoneresources.com/ or send
Message sent on Thu Jul 11, 2008 at 5:15:00 AM Pacific Time