02/05/2014 10:48 EST | Updated 04/07/2014 05:59 EDT

Newfoundland and Labrador Progressive Conservatives to choose new leader in July

ST. JOHN'S, N.L. - The Newfoundland and Labrador Progressive Conservative Party will hold a leadership convention in early July.

The event will be held in St. John's the weekend of July 4-5.

The Tories were forced to look for a new leader after former premier Kathy Dunderdale stepped down last month and current Premier Tom Marshall said he wouldn't serve for more than three or four months.

The only declared leadership contender so far, is Corner Brook businessman and fishery magnate Bill Barry.

Party president Cillian Sheahan says Sheila Kelly-Blackmore and Tommy Williams have been appointed as co-chairman of the leadership convention committee.

Kelly-Blackmore says the committee will release details on the opening and closing of nominations at a later date.