By
NMC Resource Corporation (TSX-V: NRC) ("NMC
Resource") is pleased to announce the appointment of
Paul Matysek to its Board of Directors (the
"Board").
Mr. Matysek has over 30 years of experience in the mining industry and is an experienced professional geochemist and geologist with a Bachelor and Master of Science degrees in Geology from the University of Toronto and British Columbia respectively. Mr. Matysek has held senior management and/or director positions with several mining and development companies including First Majestic Silver Corp, Uranium One Inc, Nevada Copper Corp., Potash One Inc., Energy Metals Corp. and Forsys Metal Corp. Mr. Matysek is currently serving as CEO of Lithium One Inc.
Mr. Matysek is a recognized company builder and a proven wealth creator; most recently holding the position of Founder, President and CEO of Potash One Inc. In January 2011, Potash One Inc. completed a friendly takeover by the K+S Group of Germany for $4.50 per share in a $434 million transaction. In November 2011, K+S Group committed $3.25 billion for the development of the Legacy potash project acquired in the takeover. Prior to joining Potash One Inc., Mr. Matysek was President and CEO of Energy Metals Corp., a premier uranium company traded on the New York Stock and Toronto Stock Exchanges. Energy Metals Corp. became one of the fastest growing companies in Canada during 2004 through 2007, from a market capitalization of only $10 million in 2004 to approximately $1.5 billion when a uranium producer acquired it in 2007.
Mr. Do Hyung Kim, President and CEO of NMC Resource, comments: "We are very pleased to have Paul join our Board. Paul's proven success in developing world class assets in specialty metals (potash, uranium, lithium) and translating them into shareholder value is unparalleled. I look forward to working with Paul to refine and implement our near and long term corporate strategy."
In connection with his appointment, Mr. Matysek will be granted a total of 200,000 incentive stock options (exercisable into 200,000 common shares in the capital of NMC Resource) under the Stock Option Plan of NMC Resource. The incentive stock options granted are exercisable at $0.59 per common share for a term of 5 years. The said grant of incentive stock option is subject to TSX Venture Exchange ("TSX-V") approval.
Private Placement
NMC Resource further announces that it is raising, by way of non-brokered private placement (the "Private Placement") of up to 1,000,000 units (the "Units") at a price of $0.50 per Unit, for aggregate proceeds of up to $500,000. Each Unit will consist of one common share in the capital of NMC Resource and one half of one common share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one common share for a period of two years at an exercise price of $1.00 per common share. The proceeds of the Private Placement will be used for general working capital. The Private Placement is subject to TSX-V approval. There will be 27,566,667 common shares issued and outstanding on a post-private placement basis.
Key Corporate Development
Dong Won Corporation ("Dong Won") is the largest shareholder of NMC Resource. In order to generate a greater shareholder interest and corporate options, Dong Won has agreed to make available its shareholdings for strategic investors or buyers. The purpose of the above strategy is to realize fair market value of NMC Resource while minimally diluting public shareholders of NMC Resource. Major shareholders of NMC Resource are Dong Won and KTB 2007 Private Equity Fund, holding 61.59% and 21.24% of NMC Resource respectively on a fully diluted pre-private placement basis.
About NMC Resource Corporation
NMC Resource Corporation (TSX-V: NRC) is a mining company with two molybdenum assets: NMC Moland Mine ("Moland") in South Korea and Boss Mountain Mine ("Boss Mountain") in British Columbia, Canada. Moland started commercial production in April 2010 and has been operating with a positive operating cash flow since. A new technical report was filed in December 2011 with an updated resource, and an active resource expansion drill program continues at Moland. Resource expansion drilling program requiring deep drill holes has been sponsored by KORES (Korea Resources Corporation, a state-owned mining company). As a sole producer of high grade molybdenum in South Korea, NMC Resource is also examining a number of marketing and production strategies to further enhance the mine's economics. Boss Mountain is a past molybdenum producer. NMC Resource is currently assessing historic resource data from 247 drill holes completed by the last mine operator Noranda Mines Ltd.
On behalf of the board of
NMC RESOURCE CORPORATION
Per: "Do Hyung Kim"
Do Hyung Kim; President, Chief Executive Officer and Director
Suite 500-666 Burrard Street
Vancouver, BC Canada V6C 3P6
Tel: (604) 643-1730
For further information, please contact:
Investor Relations Contact:
KIN Communications Inc.
Suite 210-736 Granville Street
Vancouver, BC Canada V6Z 1G3
ir@kincommunications.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Forward-Looking Statements: This news release includes certain forward-looking information and forward-looking statements (collectively "Forward-Looking Statements") concerning the future performance of the Company's business, operations and financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Specifically, this news release includes Forward-Looking Statements regarding to refine and implement NMC Resource's near and long term corporate strategy, Dong Won Corporation has agreed to make available its shareholdings for strategic investors or buyers, to realize fair market value of NMC Resource while minimally diluting public shareholders of NMC Resource, an active resource expansion drill program continues at Moland and NMC Resource is also examining a number of marketing and production strategies to further enhance the mine's economics. Forward-Looking Statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-Looking Statements are based on the current opinions and expectations of management. All Forward-Looking Statements are inherently uncertain and subject to a variety of risks and uncertainties, including the speculative nature of mineral exploration and development generally and specifically in respect of the interpretation of the geology, continuity, grade and size of mineral deposits, unanticipated operational or technical difficulties, fluctuating commodity prices, competitive risks and the availability of financing, changes in laws or regulations, changes in the financial markets and changes in general economic conditions, as described in more detail in our recent securities filings available at www.sedar.com. Such Forward-Looking Statements are based on a number of assumptions, including but not limited to the level and volatility of the price of molybdenum, the availability of financing, the accuracy of reserve and resource estimates and the assumptions on which those estimates are based and the ability to achieve and maintain certain operational efficiencies. Should one or more risks and uncertainties materialize or should any assumptions prove incorrect, then actual events or results may differ materially from those expressed or implied in the Forward Looking-Statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these Forward-Looking Statements, except as required by applicable law.
Mr. Matysek has over 30 years of experience in the mining industry and is an experienced professional geochemist and geologist with a Bachelor and Master of Science degrees in Geology from the University of Toronto and British Columbia respectively. Mr. Matysek has held senior management and/or director positions with several mining and development companies including First Majestic Silver Corp, Uranium One Inc, Nevada Copper Corp., Potash One Inc., Energy Metals Corp. and Forsys Metal Corp. Mr. Matysek is currently serving as CEO of Lithium One Inc.
Mr. Matysek is a recognized company builder and a proven wealth creator; most recently holding the position of Founder, President and CEO of Potash One Inc. In January 2011, Potash One Inc. completed a friendly takeover by the K+S Group of Germany for $4.50 per share in a $434 million transaction. In November 2011, K+S Group committed $3.25 billion for the development of the Legacy potash project acquired in the takeover. Prior to joining Potash One Inc., Mr. Matysek was President and CEO of Energy Metals Corp., a premier uranium company traded on the New York Stock and Toronto Stock Exchanges. Energy Metals Corp. became one of the fastest growing companies in Canada during 2004 through 2007, from a market capitalization of only $10 million in 2004 to approximately $1.5 billion when a uranium producer acquired it in 2007.
Mr. Do Hyung Kim, President and CEO of NMC Resource, comments: "We are very pleased to have Paul join our Board. Paul's proven success in developing world class assets in specialty metals (potash, uranium, lithium) and translating them into shareholder value is unparalleled. I look forward to working with Paul to refine and implement our near and long term corporate strategy."
In connection with his appointment, Mr. Matysek will be granted a total of 200,000 incentive stock options (exercisable into 200,000 common shares in the capital of NMC Resource) under the Stock Option Plan of NMC Resource. The incentive stock options granted are exercisable at $0.59 per common share for a term of 5 years. The said grant of incentive stock option is subject to TSX Venture Exchange ("TSX-V") approval.
Private Placement
NMC Resource further announces that it is raising, by way of non-brokered private placement (the "Private Placement") of up to 1,000,000 units (the "Units") at a price of $0.50 per Unit, for aggregate proceeds of up to $500,000. Each Unit will consist of one common share in the capital of NMC Resource and one half of one common share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one common share for a period of two years at an exercise price of $1.00 per common share. The proceeds of the Private Placement will be used for general working capital. The Private Placement is subject to TSX-V approval. There will be 27,566,667 common shares issued and outstanding on a post-private placement basis.
Key Corporate Development
Dong Won Corporation ("Dong Won") is the largest shareholder of NMC Resource. In order to generate a greater shareholder interest and corporate options, Dong Won has agreed to make available its shareholdings for strategic investors or buyers. The purpose of the above strategy is to realize fair market value of NMC Resource while minimally diluting public shareholders of NMC Resource. Major shareholders of NMC Resource are Dong Won and KTB 2007 Private Equity Fund, holding 61.59% and 21.24% of NMC Resource respectively on a fully diluted pre-private placement basis.
About NMC Resource Corporation
NMC Resource Corporation (TSX-V: NRC) is a mining company with two molybdenum assets: NMC Moland Mine ("Moland") in South Korea and Boss Mountain Mine ("Boss Mountain") in British Columbia, Canada. Moland started commercial production in April 2010 and has been operating with a positive operating cash flow since. A new technical report was filed in December 2011 with an updated resource, and an active resource expansion drill program continues at Moland. Resource expansion drilling program requiring deep drill holes has been sponsored by KORES (Korea Resources Corporation, a state-owned mining company). As a sole producer of high grade molybdenum in South Korea, NMC Resource is also examining a number of marketing and production strategies to further enhance the mine's economics. Boss Mountain is a past molybdenum producer. NMC Resource is currently assessing historic resource data from 247 drill holes completed by the last mine operator Noranda Mines Ltd.
On behalf of the board of
NMC RESOURCE CORPORATION
Per: "Do Hyung Kim"
Do Hyung Kim; President, Chief Executive Officer and Director
Suite 500-666 Burrard Street
Vancouver, BC Canada V6C 3P6
Tel: (604) 643-1730
For further information, please contact:
Investor Relations Contact:
KIN Communications Inc.
Suite 210-736 Granville Street
Vancouver, BC Canada V6Z 1G3
ir@kincommunications.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Forward-Looking Statements: This news release includes certain forward-looking information and forward-looking statements (collectively "Forward-Looking Statements") concerning the future performance of the Company's business, operations and financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Specifically, this news release includes Forward-Looking Statements regarding to refine and implement NMC Resource's near and long term corporate strategy, Dong Won Corporation has agreed to make available its shareholdings for strategic investors or buyers, to realize fair market value of NMC Resource while minimally diluting public shareholders of NMC Resource, an active resource expansion drill program continues at Moland and NMC Resource is also examining a number of marketing and production strategies to further enhance the mine's economics. Forward-Looking Statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-Looking Statements are based on the current opinions and expectations of management. All Forward-Looking Statements are inherently uncertain and subject to a variety of risks and uncertainties, including the speculative nature of mineral exploration and development generally and specifically in respect of the interpretation of the geology, continuity, grade and size of mineral deposits, unanticipated operational or technical difficulties, fluctuating commodity prices, competitive risks and the availability of financing, changes in laws or regulations, changes in the financial markets and changes in general economic conditions, as described in more detail in our recent securities filings available at www.sedar.com. Such Forward-Looking Statements are based on a number of assumptions, including but not limited to the level and volatility of the price of molybdenum, the availability of financing, the accuracy of reserve and resource estimates and the assumptions on which those estimates are based and the ability to achieve and maintain certain operational efficiencies. Should one or more risks and uncertainties materialize or should any assumptions prove incorrect, then actual events or results may differ materially from those expressed or implied in the Forward Looking-Statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these Forward-Looking Statements, except as required by applicable law.
| distribué par | Ce noodl a été diffusé par NMC Resource Corporation et initialement mise en ligne sur le site http://www.nmcresource.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-04 23:05:38 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
