Montfort Capital Announces Resignations from Its Board of Directors
Montfort Capital (MONT.V) on Monday said Janice Lederman and Paul Geyer stepped down from its board of directors effective April 26. It does not intend to appoint replacements at this time, citing the board's current composition as appropriate for its scale of operations.Separately, Cortland Credit Lending Corporation issued demands under certain credit facilities to Pivot Financial I L.P., with guarantees from Montfort and Langhaus Financial Corporation. Montfort said trading in its securities was halted on April 24.Following discussions over the weekend, the demands were retracted as the parties work toward an alternative solution. The company said it will update shareholders in due course.Montfort shares last traded Friday, closing at $0.015 on the TSX Venture Exchange.
