TORONTO, ONTARIO, Jun 10 (MARKET WIRE) —
INV Metals Inc. (“INV Metals” or “Company”) (TSX:
INV) is pleased to announce the shareholders of International Nickel
Ventures Corporation formally approved the Company’s name change to INV
Metals Inc. at the Company’s Annual and Special Meeting held June 9,
2010. Mr. Robert Bell, Chief Executive Officer, is also pleased to report
the appointment of Mr. Paul Conibear and Mr. Parviz Farsangi to the
Company’s Board of Directors and Mr. Terry MacGibbon to Chairman of the
Board of Directors.
Mr. Paul Conibear is currently the Senior Vice President, Corporate
Development of Lundin Mining Corp. Mr. Conibear holds a B.Sc. in Civil
Engineering from the University of Waterloo and has more than 28 years of
international operating and senior management experience in the mining
sector, including experience in several African countries. For the past
10 years, Mr. Conibear has been a corporate officer and board director
for several successful Lundin group public companies. Mr. Conibear served
as former President, CEO and director of Tenke Mining Corporation and was
instrumental in progressing the world class Tenke Fungurume
sediment-hosted copper/cobalt project, located in the Democratic Republic
of Congo. Mr. Conibear is active in advancing the Lundin group’s
corporate social responsibility initiatives and is a founding director of
the Lundin for Africa Foundation, a charitable entity established to
support sustainable development across Africa.
Mr. Farsangi holds a B.Eng. in Mining Engineering from Laurentian
University, a M.Eng. in Rock Mechanics and a Ph.D. in Mining Engineering
from McGill University and an Executive MBA from Queen’s University. Mr.
Farsangi served as Executive Vice President and Chief Operating Officer
of Vale Inco from 2007 to 2009, and was with Falconbridge Limited from
1987 to 2007 in roles that included General Manager, Sudbury Mines/Mill
Business Unit and President of Gramercy Alumina and St. Ann Bauxite. Mr.
Farsangi is President of PF Mining and Metals Consulting Inc. Mr.
Farsangi has served on a number of mining association boards and is
currently a director of a TSX Venture Exchange listed company.
Mr. Terry MacGibbon, B.Sc., P.Geo., ICD.D, is a registered professional
geologist with over 40 years of international experience in the mining
business. Mr. MacGibbon has been on the Board of Directors of INV Metals
since the company was founded in 2005 and has served as lead director
since March 2009. Mr. MacGibbon is a certified director, Institute of
Corporate Directors, and has held directorships and senior executive
positions in several TSX and TSX Venture public mining companies and is
currently a director of four other TSX listed companies. Mr. MacGibbon is
Chairman of the newly merged QuadraFNX Mining Ltd. and was formerly the
founder, Chairman and CEO of FNX Mining Company.
Mr. Robert Bell stated, “We would like to express our thanks to
David Dreisinger and Brent Peters, who decided not to stand for
re-election to the Board of Directors, for their commitment and
contribution to the Company over the years. I would also like to welcome
Paul and Parviz to the board and look forward to working with them as we
continue to transform INV into an emerging resource company.”
About INV Metals Inc.
INV Metals is an international mineral resource company focused on the
acquisition, exploration and development of base and precious metal
projects in Brazil, Namibia and Canada. Currently, INV Metals’ primary
assets are: (1) its option to acquire 50% of the Rio Novo property,
located in Brazil, (2) its option to acquire 50% of the Kaoko property,
located in Namibia, (3) its 100% owned Itapora gold properties, located
in Brazil and (4) its option to acquire 50% of the Thorne Lake gold
property, located in northwestern Ontario. Please also refer to INV
Metals’ Management’s Discussion and Analysis dated May 11, 2010,
available on SEDAR at www.sedar.com and the corporate presentation on INV
Metals’ website at www.invmetals.com to view additional details relating
to the properties.
INV Metals Inc.
President and Chief Financial Officer
INV Metals Inc.
Chief Executive Officer
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