Atlantic Industrial Minerals Incorporated: Changes of Directors and Officers; Computershare Appointed Transfer Agent; Reefton Option Lapses
NEWS RELEASE
Atlantic Industrial Minerals Incorporated: Changes of Directors and Officers; Computershare Appointed Transfer Agent;
Reefton Option Lapses
HALIFAX, NOVA SCOTIA -- (Stockwatch October 28, 2013) – J. François Lalonde, President of Atlantic Industrial Minerals Incorporated. ("AIM" or the “Corporation”) (NEX: ANL) announces:
Changes to Board of Directors and Officers
Colin MacDonald has resigned as director and President and Brett Richards has resigned as a director of the Corporation. We thank them for their past service to the Corporation.
The following have been appointed as officers of the Corporation :
J. François Lalonde President and Chief Executive Officer Paul Brownlee Chief Financial Officer pro tempore Greg Isenor Secretary
The Corporation has begun a search for a permanent Chief Financial Officer.
Change of Transfer Agent
Computershare Investor Services Inc. has been appointed as registrar and transfer agent for the Corporation effective October 25, 2013.
Reefton Option Lapses
The Corporation has allowed the Reefton option to lapse. Management did not consider it financially justifiable to continue to pay relatively high carrying costs of New Zealand land taxes for a large land package at a time when due to the difficult financial markets proportionate exploration budgets to advance the project were not also available.
About AIM
AIM wholly owns Glencoe Resources Inc. which holds the 1425 hectares Glencoe carbonate property, and directly owns the 448 hectares Kewstoke carbonate property, both located in Cape Breton, Nova Scotia.
On behalf of the Board
J. François Lalonde, President and CEO
Atlantic Industrial Minerals Inc.
Suite 820, Sun Tower 1550 Bedford Highway Bedford, NS B4A 1E6 Tel.: (902) 832-5555 Fax: (902) 832-2223
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.
Neither the NEX 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.