NOT FOR DISTRIBUTION TO THE UNITED STATES OR FOR DISSEMINATION IN THE UNITED STATES
RENO, Nev., Dec. 31, 2018 (GLOBE NEWSWIRE) -- Infrastructure Materials Corp. (the "Company") announces that on December 28, 2018, the following officers and members of the Board of Directors resigned their positions (including subsidiaries):
- Randy Ludwar: Director (the Company, SRC, IMC US), Corporate Secretary (the Company, SRC, IMC US)
- Brent Walter: Director (the Company, SRC, IMC US)
- Mason Douglas: Director (the Company, SRC, IMC US), President (the Company, SRC, IMC US), Chief Executive Officer (the Company, SRC, IMC US)
- Rakesh Malhotra: Chief Financial Officer (the Company, SRC, IMC US)
(Subsidiaries: SRC – Silver Reserve Corp.; IMC US – Infrastructure Materials Corp US)
Replacements for these resignations is under review.
Infrastructure Materials Corp. is a Reno, Nevada based exploration stage company that is directing its efforts to the exploration and development, if warranted, of cement grade limestone deposits in strategic locations in the United States and precious metal properties located in Nevada.
For further information please see our public filings at www.sedar.com or contact:
Todd Montgomery, Director Phone: 775-322-4448 Email: info@infrastructurematerialscorp.com
CAUTIONARY STATEMENT: No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements regarding the working capital and solvency of the Company, the estimation of mineral resources, exploration results, potential mineralization, exploration and mine development plans, the availability of financing, the timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the ability to operate without adequate capital, failure to convert estimated mineral resources to reserves, capital and operating costs varying significantly from estimates including the costs of operations in remote mountainous environments, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
