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MONTREAL, November 26, 2021 (GLOBE NEWSWIRE) – Imperial Mining Group Ltd. (“Imperial”) (TSX VENTURE: IPG; OTCQB: IMPNF) is pleased to announce the appointment of Mr. Nick Nikolakakis, MBA, to the Board of Directors.
Nick Nikolakakis, MBA, director
We are pleased to announce that Nick Nikolakakis has agreed to join the Board of Directors of Imperial Mining Group.
Mr. Nikolakakis has over 26 years of senior management, strategic and capital planning, as well as finance and accounting experience in the mining industry and has raised over $ 2 billion in capital. He was Vice President, Finance and Chief Financial Officer of Battle North Gold from October 2013 to May 2021, when the Company was acquired by Evolution Mining Limited; Mr. Nikolakakis has also served as an executive or senior officer of several public mining companies, including Rainy River Resources Ltd., Barrick Gold Corporation, Placer Dome Canada and North American Palladium Ltd.
Mr. Nikolakakis holds an Applied Science Degree in Geological Engineering from the University of Waterloo and an MBA from the Ivey School of Business at the University of Western Ontario.
“I am very pleased that Nick Nikolakakis has agreed to join us,†said Peter J. Cashin, President and CEO of Imperial. “Nick shares my vision for the meaningful value proposition offered by our Crater Lake Scandium project and will help me attract the financial support needed to move the project into production. Our intention is to provide manufacturers with next generation, high strength, lightweight and corrosion resistant materials to reduce the carbon footprint of their platforms. Please join me in welcoming Nick to the Imperial team. I look forward to his contribution to supporting Imperial’s intention to be the premier supplier of pure scandium to North America.
The Company also announces that it has granted 300,000 Company incentive stock options to Nick in accordance with the Company’s stock option plan. The options may be exercised at a price of $ 0.13 per share for a period of five years from the date of grant in accordance with the vesting provisions of the plan. The options are subject to the approval of the TSX Venture Exchange.
ABOUT THE IMPERIAL MINING GROUP LTD.
Imperial Oil is a Canadian mining exploration and development company focused on advancing its technological metals projects in Quebec. Imperial is listed on the TSX Venture Exchange under the name “IPG” and on the OTCQB exchange under the name “IMPNF” and is led by an experienced team of mineral exploration and development professionals with a solid background. in the discovery of mineral deposits in many metal products.
For more information, please contact:
| Peter J. Cashin President and CEO Telephone: +1 (514) 360-0571 E-mail: [email protected] |
Capital markets in CHF Cathy Hume, Executive Director Telephone: +1 (416) 868-1079 ext 231 E-mail: [email protected] |
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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