ICN Resources Forms Strategic Advisory Board to Pursue Accretive Growth
August 25 2010 - 4:08PM
Marketwired
ICN Resources Ltd. ("ICN" or the "Company") (TSX VENTURE: ICN) is
pleased to announce the creation of a strategic Advisory Board, to
include George Brack and Raymond Threlkeld.
The Advisory Board will provide expert advice on the development
and implementation of the Company's Strategic Plan.
"We are planning a significant program to build ICN. As seasoned
mining professionals, Mr. Brack and Mr. Threlkeld bring immense
knowledge and experience which will greatly enhance ICN shareholder
value. I welcome them to the ICN team. Their contribution will be
invaluable to the growth of our Company," ICN President and CEO,
Carl Hering comments.
George Brack, Corporate Director
Mr. Brack's 24-year career in investment banking and corporate
development roles in the mining industry has focused on the
identification, evaluation and execution of strategic mergers and
acquisitions and the provision of equity financing.
Mr. Brack was most recently Managing Director and Industry Head,
Mining Group of Scotia Capital. Prior to joining Scotia Capital in
2006, he served 7 years as President of Macquarie North America
Ltd., an investment banking firm specializing in mergers and
acquisitions advice to the global mining industry. Previously, Mr.
Brack held the position of Vice President, Corporate Development at
Placer Dome Inc., working for CIBC Wood Gundy, where he was a Vice
President of the Investment Banking Group and worked in Rio Algom's
corporate development department.
Mr. Brack serves as a director of Alexco Resource Corp.,
Capstone Mining Corp, Red Back Mining, Geologix Explorations and
Silver Wheaton Corp. Mr. Brack's extensive experience in both
completing and advising on merger and acquisition opportunities
will be of considerable value to ICN Resources as it continues its
accretive growth strategy.
Raymond W. Threlkeld, President and CEO Rainy River Resources
Ltd.
Mr. Threlkeld is a seasoned mining professional with more than
30 years of experience in exploration, mine development, mine
operations and executive management and is presently President and
CEO of Rainy River Resources.
Mr. Threlkeld was President and Chief Executive Officer of
Western Goldfields Inc. from 2006 - 2009, where he led the team
that acquired, developed and put into operation the Mesquite Gold
Mine in California. During his tenure the market capitalization of
Western Goldfields rose from $12 million to over $300 million in
less than 24 months. Western Goldfields was successfully merged
into New Gold Inc. in June 2009. He currently remains on the New
Gold Board of Directors.
From 1996 until 2004, Mr. Threlkeld was employed with Barrick
Gold Corp. where he was responsible for placing more than 30
million ounces of gold resources into production in South America,
Africa and Australia.
About ICN Resources
ICN is primarily focused on exploration for volcanic-hosted
precious metal deposits in Nevada, emphasizing targets with
geological similarities to Sleeper, Ivanhoe, Midas and Aurora in
Nevada and El Penon in Chile. ICN plans to explore for the
high-grade feeder zones associated with large low-grade gold+silver
systems, primarily in western Nevada, but are looking for similar
opportunities in established mineral belts elsewhere in the United
States. The ICN management and geologic team have extensive
experience in Nevada and will use it to generate new
opportunities.
On Behalf of the Board of Directors of ICN Resources Ltd.
Carl Hering, President & CEO
ICN Resources Ltd.
The forward-looking information contained in this press release
is made as of the date of this press release and, except as
required by applicable law, ICN does not undertake any obligation
to update publicly or to revise any of the included forward-looking
information, whether as a result of new information, future events
or otherwise. By its very nature, such forward-looking information
requires Icon to make assumptions that may not materialize or that
may not be accurate. This forward-looking information is subject to
known and unknown risks and uncertainties and other factors, which
may cause actual results, levels of activity and achievements to
differ materially from those expressed or implied by such
information. Neither TSX Venture Exchange nor the Investment
Industry Regulatory Organization of Canada accepts responsibility
for the adequacy or accuracy of this release.
Contacts: ICN Resources Ltd. Tasso Baras 1-877-738-3882 or
604-738-3882 www.icnresources.com
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