News Feed Item

IDM Announces Results from AGM; David Parker and Andrew Farncomb Join the Board of Directors

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/16/14 -- IDM Mining Ltd. (TSX:IDM) ("IDM" or the "Company") (previously Revolution Resources Corp.) is pleased to announce that David Parker and Andrew Farncomb were elected to the Board of Directors at the AGM held earlier today. Shareholders also re-elected Michael McPhie, Robert McLeod and Aaron Keay. Georg Hochwimmer did not stand for re-election; the Company is grateful for Georg's contributions and looks forward to continuing to work with him as a consultant.

"The addition of David Parker and Andrew Farncomb gives IDM two new strong, and enthusiastic Independent Directors," said Rob McLeod, President and CEO. "David is considered one of Canada's foremost leaders and authority in Social License and Sustainability in the mining industry, and Andrew brings strong corporate finance experience, based out of Toronto. We look forward to their contributions and oversight as we advance the Red Mountain Gold Project."

David Parker

David Parker recently joined the Norman B. Keevil Institute of Mining Engineering at the University of British Columbia Faculty of Applied Science on a two year secondment as an Adjunct Professor and Executive in Residence. In addition to teaching in the graduate program, Mr. Parker is developing new programs and initiatives related to governance of the extractives sector, integrated resource management and sustainable livelihoods. He is also working closely with academia, the mining industry, civil society, and government to establish the recently announced Canadian International Institute of Extractive Industries and Development.

Mr. Parker was previously Vice President Sustainability at Teck Resources Limited and is currently on secondment. Over the 22 years that he has been with Teck, Mr. Parker has led and collaborated in several initiatives to advance Teck's approach to sustainability and has been particularly focused on creating mutually respectful and collaborative relationships with First Nations people in Canada. He has conceived and implemented a number of visionary initiatives, such as the Sullivan Round Table, a conference co-chaired by Teck, the City of Kimberley and the World Bank to examine best practices in mine closure. Mr. Parker was the inspiration for the Zinc Saves Kids program with UNICEF, which is active in saving children's lives in Nepal, Peru and India. He also developed Teck's role in the Vancouver 2010 Olympic Winter Games and chaired the Olympic Sponsor's Sustainability Initiative.

Mr. Parker has chaired the Mining Association of British Columbia and the International Council on Mining and Metals Social and Economic Development Task Force. He currently serves as a director on the boards of UNICEF Canada, the Mining Association of British Columbia, and Science World. His education includes a Bachelor of Business Administration degree from Acadia University, a Bachelor of Law degree from Dalhousie University and a Masters of Law degree from the University of British Columbia where he has served as an adjunct professor in environmental law.

Andrew Farncomb

Mr. Farncomb graduated from the Queen's University School of Business with a Bachelor of Commerce (Honours) degree. He is a founding partner of Cairn Merchant Partners LP, an independent merchant bank offering a full range of advisory services to public and private companies. Mr. Farncomb has extensive experience advising public and private companies on mergers, acquisitions and financing transactions, in the natural resources, consumer products, industrial, technology and media sectors. Mr. Farncomb was formerly a Partner and Investment Banking professional at Paradigm Capital Inc., a Canadian investment dealer. Mr. Farncomb sits on the Board and is Chair of the Investment Committee at the Flavelle Foundation.

Detailed results of the election of the directors are set out below:

Director Nominee            Votes For     % For   Votes Withheld  % Withheld
Aaron Keay                 40,471,451     72.17       15,606,200       27.83
Robert McLeod              50,510,451     90.07        5,567,200        9.93
Michael McPhie             55,926,151     99.73          151,500        0.27
David Parker              994,700(ii)   100(ii)          0.0(ii)     0.0(ii)
Andrew Farncomb           994,700(ii)   100(ii)          0.0(ii)     0.0(ii)

(ii)Based only on shares that are present at the meeting, Management Proxy Appointee totals are not included.

Shareholders also determined the number of directors of the Company at five and re-appointed Davidson & Company LLP as the auditor of the Company.

Additional details will be provided in a Report of Voting Results to be filed on SEDAR.

The Company wishes to clarify its June 13, 2014 news release as follows. Of the 5,268,000 shares issued on June 13, 2014 in connection with the Company's Red Mountain option agreement, 4,955,500 common shares were issued to Seabridge Gold Inc. in satisfaction of an option payment and 312,500 common shares were issued as part of advisory fee units. The 250,000 common shares issued by the Company in settlement of outstanding debts were issued as part of 250,000 Common Units (as defined in the June 13 news release).

About IDM Mining Ltd.

IDM Mining Ltd. is mineral exploration company (TSX:IDM) based in Vancouver, BC, Canada. The Company's current exploration activities are focused on precious metals in British Columbia and the Carolina Slate Belt, USA. Further information can be found on the Company's website at www.IDMmining.com.


Robert McLeod, President, CEO and Director

IDM Mining Ltd.
Robert McLeod
604-681-5672 or Cell: 604-617-0616
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
@DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises - and delivering real results.
DXWorldEXPO LLC announced today that Dez Blanchfield joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Dez is a strategic leader in business and digital transformation with 25 years of experience in the IT and telecommunications industries developing strategies and implementing business initiatives. He has a breadth of expertise spanning technologies such as cloud computing, big data and analytics, cognitive computing, m...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
DXWorldEXPO LLC announced today that Kevin Jackson joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Kevin L. Jackson is a globally recognized cloud computing expert and Founder/Author of the award winning "Cloud Musings" blog. Mr. Jackson has also been recognized as a "Top 100 Cybersecurity Influencer and Brand" by Onalytica (2015), a Huffington Post "Top 100 Cloud Computing Experts on Twitter" (2013) and a "Top 50 C...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER give you detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPO also offers s...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory? In her Day 2 Keynote at @DevOpsSummit at 21st Cloud Expo, Aruna Ravichandran, VP, DevOps Solutions Marketing, CA Technologies, was jo...
Daniel Jones is CTO of EngineerBetter, helping enterprises deliver value faster. Previously he was an IT consultant, indie video games developer, head of web development in the finance sector, and an award-winning martial artist. Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams.
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.