Welcome!

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.

ON BEHALF OF THE BOARD of IDM Mining Ltd.

Robert McLeod, President, CEO and Director

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
What's the role of an IT self-service portal when you get to continuous delivery and Infrastructure as Code? This general session showed how to create the continuous delivery culture and eight accelerators for leading the change. Don Demcsak is a DevOps and Cloud Native Modernization Principal for Dell EMC based out of New Jersey. He is a former, long time, Microsoft Most Valuable Professional, specializing in building and architecting Application Delivery Pipelines for hybrid legacy, and cloud ...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, presented a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to ma...
We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
@DevOpsSummit at Cloud Expo taking place Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center, Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is ...
In 2014, Amazon announced a new form of compute called Lambda. We didn't know it at the time, but this represented a fundamental shift in what we expect from cloud computing. Now, all of the major cloud computing vendors want to take part in this disruptive technology. In his session at 20th Cloud Expo, Doug Vanderweide, an instructor at Linux Academy, discussed why major players like AWS, Microsoft Azure, IBM Bluemix, and Google Cloud Platform are all trying to sidestep VMs and containers wit...
"When we talk about cloud without compromise what we're talking about is that when people think about 'I need the flexibility of the cloud' - it's the ability to create applications and run them in a cloud environment that's far more flexible,” explained Matthew Finnie, CTO of Interoute, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), provided an overview of various initiatives to certify the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldwide re...
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assista...