Sokoman Iron Welcomes New Director Peter Dimmell
Sokoman Iron Welcomes New Director Peter Dimmell
St. John’s, NL, September 10, 2018 – Sokoman Iron Corp. (TSX-V: SIC) (the “Company” or “Sokoman”)
is pleased to announce that Peter Dimmell, P.Geo, has joined the Board of Directors.
Mr. Dimmell is a geologist and prospector who has been involved in mineral exploration in North America
(Canada, Mexico and the US) and overseas for 47 years. He is a professional geoscientist (P.Geo)
registered in NL and ON and is a Fellow of Geoscientists Canada (FGC).
Mr. Dimmell is a past president (2004 -06) of the Prospectors and Developers Association of Canada
(PDAC), a past Chairman, and a past executive director of Mining Industry NL, a member and past
councillor of the Geological Association of Canada (GAC), a member of the Canadian Institute of Mining,
Metallurgy and Petroleum (CIM), and an associate member of the Association of Applied G eochemists
(AAG) and the Society of Economic Geologists (SEG). He has served on the Boards and associated Board
committees of both TSX and TSX-V listed companies.
“I have known Peter Dimmell most of my geological career and in that time he has been a trusted friend
and mentor, so it gives me great pleasure to welcome Peter to our Board of Directors. Having had such
vast experience working in the Canadian exploration industry and in particular our own Newfoundland,
he certainly has a lot to bring to the ta ble. I am honoured to have him aboard,” commented Tim othy
Froude, President & CEO of Sokoman Iron Corp.
The Company will be issuing stock options to directors and officers of the C ompany that will vest in
accordance with TSX.V Exchange rules and guidelines.
Exercise of Warrants
Sokoman is also pleased to announce that the Company has exercised 13.1 million warrants at $0.05–
$0.09 per warrant. The proceeds of $827,000 are expected to be applied toward Phase 2 drilling
program at the Moosehead Proj ect as well as general corporate and working capital needs of the
Company. The Company currently has $3.7 million in the treasury and no debt.
About Sokoman Iron Corp.
Sokoman Iron Corp. (TSX -V: SIC) is a discovery -focused company with projects in Newfoundland &
Labrador, Canada. The Company’s primary focus is its portfolio of gold projects in Central
Newfoundland focused on the structural corridor hosting the 3.1 million ounce Valentine Lake gold
project 150 kms southwest of Moosehead. The Company also has a 100% interest in an early-stage
antimony project in Newfoundland, as well as a 100% interest in the Iron Horse (Fe /U/REE) project in
Western Labrador.
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For more information, please contact:
Sokoman Iron Corp.
Timothy Froude, P. Geo., President & CEO
Phone: 709-765-1726
Email: [email protected]
CHF Capital Markets
Cathy Hume, CEO
Phone: 416-868-1079
Email: [email protected]
Website: www.sokomaniron.com
Neither the 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.
Investors are cautioned that trading in the securities of the Corporation should be considered highly
speculative. Except for historical information contained herein, this news release contains forward -
looking statements that involve risks and uncertainties. Actual results may differ materially.
Sokoman Iron Corp. will not update the se forward -looking statements to reflect events or
circumstances after the date hereof. More detailed information about potential factors that could
affect financial results is included in the documents filed from time to time with the Canadian
securities regulatory authorities by Sokoman Iron Corp.