Sokoman Iron Welcomes New Director Peter Dimmell
TSX VENTURE: SIC
St. John’s, NL (FSCwire) - 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 Geochemists (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 table. I am honoured to have him aboard,” commented Timothy Froude, President & CEO of Sokoman Iron Corp.
The Company will be issuing stock options to directors and officers of the Company 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 Project 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.
For more information, please contact:
Sokoman Iron Corp.
Timothy Froude, P. Geo., President & CEO
CHF Capital Markets
Cathy Hume, CEO
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 these 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.