IDM Announces Results from AGM; David Parker and Andrew Farncomb Join the Board
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/16/14 -- IDM
Mining Ltd. (TSX: IDM) ("IDM" or the "Company") (previously
Revolution Resources Corp.) is pleased to announce that David Parker
and Andrew Farncomb were elected to the Board of Directors at the AGM
held earlier today. Shareholders also re-elected Michael McPhie,
Robert McLeod and Aaron Keay. Georg Hochwimmer did not stand for
re-election; the Company is grateful for Georg's contributions and
looks forward to continuing to work with him as a consultant.
"The addition of David Parker and Andrew Farncomb gives IDM two new
strong, and enthusiastic Independent Directors," said Rob McLeod,
President and CEO. "David is considered one of Canada's foremost
leaders and authority in Social License and Sustainability in the
mining industry, and Andrew brings strong corporate finance
experience, based out of Toronto. We look forward to their
contributions and oversight as we advance the Red Mountain Gold
David Parker recently joined the Norman B. Keevil Institute of Mining
Engineering at the University of British Columbia Faculty of Applied
Science on a two year secondment as an Adjunct Professor and
Executive in Residence. In addition to teaching in the graduate
program, Mr. Parker is developing new programs and initiatives
related to governance of the extractives sector, integrated resource
management and sustainable livelihoods. He is also working closely
with academia, the mining industry, civil society, and government to
establish the recently announced Canadian International Institute of
Extractive Industries and Development.
Mr. Parker was previously Vice President Sustainability at Teck
Resources Limited and is currently on secondment. Over the 22 years
that he has been with Teck, Mr. Parker has led and collaborated in
several initiatives to advance Teck's approach to sustainability and
has been particularly focused on creating mutually respectful and
collaborative relationships with First Nations people in Canada. He
has conceived and implemented a number of visionary initiatives, such
as the Sullivan Round Table, a conference co-chaired by Teck, the
City of Kimberley and the World Bank to examine best practices in
mine closure. Mr. Parker was the inspiration for the Zinc Saves Kids
program with UNICEF, which is active in saving children's lives in
Nepal, Peru and India. He also developed Teck's role in the Vancouver
2010 Olympic Winter Games and chaired the Olympic Sponsor's
Mr. Parker has chaired the Mining Association of British Columbia and
the International Council on Mining and Metals Social and Economic
Development Task Force. He currently serves as a director on the
boards of UNICEF Canada, the Mining Association of British Columbia,
and Science World. His education includes a Bachelor of Business
Administration degree from Acadia University, a Bachelor of Law
degree from Dalhousie University and a Masters of Law degree from the
University of British Columbia where he has served as an adjunct
professor in environmental law.
Mr. Farncomb graduated from the Queen's University School of Business
with a Bachelor of Commerce (Honours) degree. He is a founding
partner of Cairn Merchant Partners LP, an independent merchant bank
offering a full range of advisory services to public and private
companies. Mr. Farncomb has extensive experience advising public and
private companies on mergers, acquisitions and financing
transactions, in the natural resources, consumer products,
industrial, technology and media sectors. Mr. Farncomb was formerly a
Partner and Investment Banking professional at Paradigm Capital Inc.,
a Canadian investment dealer. Mr. Farncomb sits on the Board and is
Chair of the Investment Committee at the Flavelle Foundation.
Detailed results of the election of the directors are set out
Director Nominee Votes For % For Votes Withheld % Withheld
Aaron Keay 40,471,451 72.17 15,606,200 27.83
Robert McLeod 50,510,451 90.07 5,567,200 9.93
Michael McPhie 55,926,151 99.73 151,500 0.27
David Parker 994,700(ii) 100(ii) 0.0(ii) 0.0(ii)
Andrew Farncomb 994,700(ii) 100(ii) 0.0(ii) 0.0(ii)
(ii)Based only on shares that are present at the meeting, Management
Proxy Appointee totals are not included.
Shareholders also determined the number of directors of the Company
at five and re-appointed Davidson & Company LLP as the auditor of the
Additional details will be provided in a Report of Voting Results to
be filed on SEDAR.
The Company wishes to clarify its June 13, 2014 news release as
follows. Of the 5,268,000 shares issued on June 13, 2014 in
connection with the Company's Red Mountain option agreement,
4,955,500 common shares were issued to Seabridge Gold Inc. in
satisfaction of an option payment and 312,500 common shares were
issued as part of advisory fee units. The 250,000 common shares
issued by the Company in settlement of outstanding debts were issued
as part of 250,000 Common Units (as defined in the June 13 news
About IDM Mining Ltd.
IDM Mining Ltd. is mineral exploration company (TSX: IDM) based in
Vancouver, BC, Canada. The Company's current exploration activities
are focused on precious metals in British Columbia and the Carolina
Slate Belt, USA. Further information can be found on the Company's
website at www.IDMmining.com.
ON BEHALF OF THE BOARD of IDM Mining Ltd.
Robert McLeod, President, CEO and Director
IDM Mining Ltd.
604-681-5672 or Cell: 604-617-0616
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