Northern Iron Announces Appointment of Annie Storey to Its Board of Directors
February 13 2014 - 11:17AM
Marketwired
Northern Iron Announces Appointment of Annie Storey to Its Board of
Directors
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 13, 2014) -
Northern Iron Corp. ("Northern" or the "Company")
(TSX-VENTURE:NFE)(OTCQX:NHRIF)(FRANKFURT:N8I) is pleased to
announce the appointment of Annie Storey, CA to its Board of
Directors.
Ms. Storey brings over 25 years of experience to her role,
having provided accounting, financial reporting and corporate
services to public and private companies with operations around the
world in such industries as mining and exploration, oil and gas,
technology, entertainment, manufacturing, real estate and
biotechnology. Her experience includes twelve years in public
practice with MNP and KPMG in the areas of audit, accounting and
quality control, as well as with other mid-sized CA firms
registered with the Canadian Public Accountability Board and the
Public Company Accounting Oversight Board.
In her most recent role as audit partner, she was invaluable in
guiding clients in a wide range of industries through complex
regulatory environments and assisting them in meeting reporting
requirements in both Canada and the United States. She is
proficient in the areas of Canadian Accounting Standards for
Private Enterprises, U.S. Generally Accepted Accounting Standards,
and International Financial Reporting Standards, and has experience
with both the Canadian and US tax regimes.
Ms. Storey has also held teaching positions with the British
Columbia Institute of Technology and the CA School of Business, and
controllership positions in the manufacturing and entertainment
industries. She was certified as a Chartered Accountant after
obtaining a Bachelor of Business Administration from Simon Fraser
University with majors in finance and international business. Annie
is a member of the Institute of Chartered Accountants of B.C.'s
Practice Review & Licensing Committee, the Canadian Institute
of Chartered Accountants' Practitioners' Technical Advisory
Committee, and regularly participates on boards of non-profit
organizations.
About Northern Iron Corp.
The Company is a 100% owner of five iron ore properties in the
Red Lake district. The Red Lake district is situated in an
established mining area in Ontario, where the company has two near
term development projects, the past producing Griffith mine and the
Karas property.
The Company is currently working towards the production of HBI,
a transportable form of direct reduced iron. HBI is complementary
and a viable metallic supplement to scrap steel. Quality scrap is a
critical raw material in the steel making process. With the
diminishing supply of quality scrap steel and ever increasing
market demand, steel producers around the world will be looking to
secure alternative supplies of metallic products.
As part of the business plan, the Company acquired the past
producing Griffith mine, which produced pellets and sponge iron
(Direct Reduced Iron/DRI) from 1968 to 1986. The mine was owned and
operated by STELCO and supplied pellets and sponge iron to the
Hamilton and Nanticoke steel mills in Ontario. The metallurgy of
the deposit has been proven over eighteen years of production.
Almost the entire transportation infrastructure is currently in
place to both produce HBI and to ship produced HBI into the North
American market via rail and lake barges and into Asian markets via
rail through the port of Prince Rupert. Existing infrastructure
includes all weather roads, 115kV power line, natural gas line,
rail bed and port facilities.
The Company is focusing on de-risking the project by seeking out
potential joint venture partners, off-take agreements or a
combination thereof.
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. No stock exchange, securities commission
or other regulatory authority has approved or disapproved the
information contained herein.
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Northern Iron Corp.Basil BothaPresident &
CEO604-566-8570604-602-9868bbotha@northernironcorp.comwww.northernironcorp.com