IDM Mining Announces Changes to its Board of Directors, Grants Stock Options
19 Oktober 2017 - 3:00PM
IDM Mining Ltd. (TSX-V:IDM) (OTCQB:IDMMF) (“IDM”
or the “Company”) is pleased to announce that it has appointed Ms.
Andree St-Germain, and Dr. Terry Harbort, to its Board of
Directors, effective immediately. Additionally, the Company
has accepted Mr. Gernot Wober’s resignation from the Board.
“We welcome the addition of Ms. St-Germain and
Dr. Harbort to our Board of Directors. Both have an ideal
combination of strong technical skills sets in project finance and
geology, respectively coupled with experience and enthusiasm.
We look forward to their guidance on our Board as we continue to
advance Red Mountain through engineering, permitting and ongoing
exploration,” said Robert McLeod, President and CEO of IDM
Mining. “Additionally, on behalf of the entire IDM team, we
are grateful for Mr. Wober’s contributions as Director, and will
continue to work with him as a committee member, advisor and
consultant to the Company.”
Andree St-Germain
Ms. St-Germain is the Chief Financial Officer of
Integra Resources Corp. (CSE:ITR). She is an experienced mining
finance executive with an extensive background in banking, mining
finance and financial management. She began her career in
investment banking for Dundee Capital Markets Inc. As an investment
banker, Ms. St-Germain worked exclusively with mining companies on
M&A advisory and financing. In 2013, Ms. St-Germain joined
Golden Queen Mining Co. Ltd. (TSX:GQM) as CFO. During her tenure at
Golden Queen, she played an instrumental role in securing project
finance and overseeing Golden Queen as it transitioned from
development and construction to commercial production. She joined
Integra Gold (TSX-V:ICG) as CFO in early 2017 and helped oversee
the sale to Eldorado Gold Corporation in July 2017 for C$590
million. Ms. St-Germain is a director of Barkerville Gold Mines
Ltd. (TSX-V:BGM). Ms. St-Germain holds a Master of Business
Administration (Honours) degree from the York University Schulich
School of Business.
Ms. St-Germain is an Independent Member of the
IDM’s Board of Directors.
Terry Harbort B.Sc. (Hons) PhD.
Dr. Terry Harbort is a professional economic
geologist with 24 years of multi-continent experience in mineral
exploration. As Senior Geologist and later Chief
Structural Geologist for the Americas Region, he was a senior
member of the discovery team of AngloGold’s Ashanti’s La Colosa and
Gramalote deposits. Dr. Harbort is a specialist in mapping and
interpretation of ore geometries and ore controls covering
various types of geological environments with direct applications
to mineral economics from target generation, target definition
and evaluation, and project management. He is a
co-founder and VP–Exploration of Talisker Exploration Services Inc.
Talisker provides technical consulting predominantly to the
Osisko Group and their investee companies. Dr. Harbort also holds
the position of Chief Geoscientist at Barkerville Gold Mines and is
a Director of Sable Resources (TSX-V:SAE).
Dr. Harbort was recommended by Osisko Gold
Royalties as their representative on IDM’s Board of Directors, and
is not Independent.
Stock Option Grant
The Company announces that it has granted a
total of three million incentive stock options to new directors, as
well as employees and consultants to IDM. The options will have a
term of five years expiring on October 18, 2022. Each option
will allow the holder to purchase one common share in the Company
at a price of $0.14. The options are subject to vesting
over a period of two years in accordance with the TSX Venture
Exchange regulations.
ABOUT IDM MINING LTD.
IDM Mining Ltd. is a mineral exploration and
development company based in Vancouver, BC, Canada. The
Company's current exploration and development activities are
focused on precious metals in British Columbia, with a primary
focus on the high grade underground Red Mountain gold project.
ON BEHALF OF THE BOARDof IDM Mining Ltd.
“Robert McLeod”
President, CEO and Director
For more information, contact:
Robert McLeod604-681-5672 direct604-617-0616
cellrm@idmmining.com
Investor Relations:Shobana Thaya
st@idmmining.com416-807-1009
Alex Horsleyah@idmmining.com604-773-7269
“Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.”
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