Baymount Incorporated announced that David Carbonaro has resigned as its Chairman and as a member of the Board of Directors, effective September 30, 2014. Mr. Carbonaro was appointed as Chairman of the Board of Directors in 2005 and will remain as counsel to the company. The company's Board of Directors has appointed J. Graham Simmonds as Chairman of the Board of Directors, effective September 30, 2014, who will continue to serve as President and Chief Executive Officer of the Company.