Mentor Capital, Inc. Announces Audit Committee Changes
April 26, 2024 at 05:02 pm EDT
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On April 24, 2024, David G. Carlile resigned from the Audit Committee of the Board of Directors and resigned from the Board of Directors of the Mentor Capital, Inc. Mr. Carlile resigned at a meeting of the Board of Directors called in order to remove him from the Company?s Audit Committee. On April 25, 2024 Mr. Carlile delivered a letter to the Company which is attached hereto as Exhibit 1. The Company did file its most recent Annual Report without the signature of Mr. Carlile, but substantially disagrees with the other statements made by Mr. Carlile in the attached letter. On April 24, 2024, the Board of Directors of the Company appointed Director Lori Stansfield, CPA, to the Audit Committee of the Board of Directors of the Company.
Mentor Capital, Inc. is a public energy company. The Company targets the classic energy sectors of oil and gas, coal, uranium, and their related operations, with already established cash flows, especially through royalty payments. Its classic energy segment includes the fair value of securities investments in oil and gas through Exxon Mobil Corp. (XOM) stock, Occidental Petroleum Corp. (OXY) stock, and Chevron Corp. (CVX) stock, uranium through Cameco Corp. (CCJ) stock, and coal through Arch Resources, Inc. (ARCH) stock. It maintains a diverse and opportunistic acquisition focus. It also invests in its larger pre-initial public offering (IPO)-related acquisitions and fundings. Its subsidiaries include Mentor IP, LLC (MCIP), Mentor Partner I, LLC, (Partner I), Mentor Partner II, LLC (Partner II), and TWG, LLC (TWG).
MENTOR CAPITAL, INC. 
