Infrastructure Materials Corp. Appoints New CEO
RENO, Nev., Oct. 2, 2012 (GLOBE NEWSWIRE) -- Infrastructure Materials Corp.
(OTCQB:IFAM) (TSX-V:IFM) (TSX-V:IFM.s) (the "Company") is pleased to announce
that it has appointed Mason Douglas as its Chief Executive Officer effective
as of October 1, 2012. Mr. Douglas is currently the President and a Director
of the Company.
Mr. Douglas received an MBA from the University of Saskatchewan in 2000. He
received his Bachelor of Law (LL.B) from the University of Calgary in 2007.
Mr. Douglas is presently an inactive member of the Law Society of Alberta.
Between 2001 and 2004, Mr. Douglas was Vice President of Operations of Western
Petrochemicals Corp. a privately owned oil development company. He also was
Vice President of Operations and a Director of Anglo Aluminum Corp., a junior
mining company that trades on the TSX-V under the symbol ALU.V. He presently
sits on the board of Canadian Platinum Corp. (TSX-V:CPC), Anglo Canadian Oil
Corp. (TSX-V:ACG), and Oil Reserve Inc., a private oil development company.
Mr. Douglas has also operated as an independent consultant between 2001 and
2006 providing business plans, economic modeling and project management for a
variety of mining projects. His arrangement with the Company permits him to
oversee operations from his office in Canada. Mr. Douglas is 37 years old.
The Company also accepted the resignation of Todd D. Montgomery as CEO. The
Company looks forward to Mr. Montgomery's continued active involvement as a
Director of the Company.
Infrastructure Materials Corp. is a Reno, Nevada based exploration stage
company that is directing its efforts to the exploration and development, if
warranted, of cement grade limestone deposits in strategic locations in the
United States and Canada and precious metal properties located in Nevada.
For further information please see our public filings at www.sedar.com and
Neither 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.
FORWARD-LOOKING STATEMENTS: This news release contains certain
"forward-looking statements" within the meaning of U.S. securities laws
Forward-looking statements are frequently characterized by words such as
"plan," "expect," "project," "intend," "believe," "anticipate," "estimate" and
other similar words or statements to the effect that certain events or
conditions "may," "have" or "will" occur. This release also contains
statements based upon historical records pertaining to our mineral claims that
have not been verified by the Company. The term, "resource" is not a term that
is recognized by SEC guidelines and does not rise to the level of certainty
required by SEC guidelines. Forward-looking statements or references to
historical records are based on the material in our possession, opinions and
estimates of management at the date the statements are made, and are subject
to a variety of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those stated or projected
in this press release. The Company undertakes no obligation to update
forward-looking statements or historical information unless specifically
required by law. The reader is cautioned not to place undue reliance on
CONTACT: Steve McGuire (Teatyn Enterprises Inc.)
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