DNI Metals Inc. Appoints New Director
TORONTO, ON / ACCESSWIRE / June 3, 2016 / DNI Metals Inc. (CSE: DNI) (OTC: DMNKF) (FSE: DG7N) ("DNI" or the "Company") DNI adds New Director, Keith Minty, a mining engineer to help with the development of the Vohitsara Graphite Deposit.
Mr. Minty, P. Eng. MBA has more than 30 years professional experience in mineral resource exploration and development in precious and base metals, industrial minerals and coal in Canada and internationally. Mr. Minty has directly involved in the realizing mineral resource projects value by constructing, operating and managing gold and platinum group metal projects. Mr. Minty has been associated with premier mineral resource exploration and developing companies such as Hunter Dickinson Inc., Viceroy Resources, North American Palladium and Thani Investments in many senior operating and management positions. Until 2013, Mr. Minty was the Chief Operating officer for Thani Investment Ltd.,(a private Dubai based Venture Capital Group) and a subsidiary of Thani Emirates Resources Ltd., and was primary responsible for unlocking value from their worldwide mineral resource projects.
Mr. Minty obtained extensive graphite technical and operating experience at both North Coast Industries (now Northern Graphite Corp.) Bissett Creek Graphite and Cal Graphite Corp. (now Ontario Graphite Inc.) Kearney graphite mine and has experience of in the development of several past and new Sri Lanka graphite projects.
Mr. Minty has had the opportunity of conducting Madagascar precious metals project valuations and is knowledgeable of the political and social requirements associated with Madagascar project development and operations.
Mr. Minty is an active member of the board of directors of Auryn Resources Inc. and Callinex Mines Inc. mineral resource companies.
Mr. Minty obtained a B.Sc. in Mining Engineering from Queen' University in 1978 and a MBA from Athabasca University in 2014.
Paul Gorman has resigned from the board of DNI. The board expresses their appreciation in Mr. Gorman valuable contributions in advancing the company to it's new operating entity.
DNI's board of directors approved a debt for equity transaction and is issuing 300,000 shares to a consultant.
In the next 90 days DNI has 437,500 options expiring. With the addition of a new CFO and three new directors, the board has approved the granting of incentive stock options.
Pursuant to its Stock Option Plan, DNI has granted incentive stock options to certain directors, officers, and consultants of the Company to purchase up to an aggregate of 2,250,000 common shares in the capital stock of the Company. The options are exercisable at a price of $0.06 per common share, on or before June 3, 2021. The company's approved option plan allows for up to 10% or 3,972,420 options to be issued.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
DNI — Canadian Securities Exchange
DG7N — Frankfurt
DMNKF — OTC
Issued: 39,724,204
For further information, contact:
DNI Metals Inc. — Dan Weir, President & CEO 416-595-1195
DanWeir@dnimetals.com
Also visit www.dnimetals.com
We seek Safe Harbour. This announcement may include forward looking statements. While these statements represent DNI's best current judgment, they are subject to risks and uncertainties that could cause actual results to vary, including risk factors listed in DNI's Annual Information Form and its MD&As, all of which are available from SEDAR and on its website.
SOURCE: DNI Metals Inc.