Advanced Primary Minerals Announces Appointment of Michael J. Brezina as Director of Marketing and Technical Support and Closing
February 01 2010 - 1:37PM
Marketwired
Advanced Primary Minerals Corporation (the "Corporation" or "APM")
(TSX VENTURE: APD) is pleased to announce the appointment of
Michael J. Brezina as Director of Marketing and Technical Support.
Mike, a Ceramic Engineer, brings to APM over 30 years experience
including 17 years in a senior management role with the largest
global sanitary ware manufacturer. During the past 13 years he held
senior level marketing and technical service roles with a major,
diversified industrial minerals processor serving over 20 markets
including all sectors of the ceramics industry, a major focus of
APM. Mike will initially be focusing on the replacement of imported
European primary kaolin products by North American manufacturers
within the ceramics industry with APM's new line of comparable
quality primary kaolin products that also offers them elimination
of foreign exchange risk and logistical savings. Mike will be
instrumental in the Corporation's efforts to develop an expanded
line of primary kaolin products that will target the paper, paint,
catalyst, coatings and other specialty applications.
APM also announced the closing of its agreement (the
"Agreement") with C&C Mining and Land Company ("C&C")
whereby in consideration of US$40,000 and 200,000 shares of the
Corporation, the Corporation (formerly Beta Minerals Inc.) was
released from all of its obligations in connection with a purchase
option and exploration right agreement (the "Original Agreement")
entered into on August 26, 2003 between Beta Minerals Inc. and
C&C. The Original Agreement related to certain mineral claims
covering property located in the Delamar Mining District of
Southeast Nevada, USA. Pursuant to applicable securities laws in
Canada, the shares of the Corporation issued in connection with the
Agreement are subject to a hold until May 27, 2010, which is four
months plus one day from the date of issue. Details of the
Agreement were previously announced on December 21, 2009.
About APM
APM, through its wholly owned subsidiary, Advanced Primary
Minerals USA Corp. (formerly Erdene Materials Corp.), operates a
newly constructed kaolin processing plant in Dearing, Georgia and
has been active in Georgia and South Carolina for over 10 years
exploring for, evaluating, extensively testing and securing high
quality primary kaolin resources. APM has also operated an
industrial minerals laboratory in Eatonton, Georgia since 1998. The
Corporation is targeting value added products that benefit from the
unique attributes of its high quality, primary kaolin resource.
Target markets include ceramics, paint and coatings, catalysts and
other specialty industrial applications. APM has 17,009,626 shares
issued and outstanding and a fully diluted share position of
17,466,765.
Forward Looking Statements
Certain information regarding APM contained herein may
constitute forward-looking statements within the meaning of
applicable securities laws. Forward-looking statements may include
estimates, plans, expectations, opinions, forecasts, projections,
guidance or other statements that are not statements of fact.
Although APM believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance
that such expectations will prove to have been correct. APM
cautions that actual performance will be affected by a number of
factors, many of which are beyond APM's control, and that future
events and results may vary substantially from what APM currently
foresees. All forward-looking statements are qualified in their
entirety by the above cautionary statements and are made as at the
date of this news release. APM does not undertake any obligation to
revise or update any forward-looking statements as a result of new
information, future events or otherwise after the date hereof,
except as required by securities laws.
For additional information visit APM's website at
www.advminerals.com or contact the company via email at
info@advminerals.com or sales@advminerals.com
Neither 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.
Contacts: Advanced Primary Minerals Corporation Ken W. MacDonald
President and CEO 902-466-7255 or Toll free: 1-877-539-7255
Advanced Primary Minerals Corporation (TSXV:APD)
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