Imperial Announces Changes to its Board of Directors
Imperial Mining Group Ltd. announced the resignation of Donald S. Bubar as Chairman of the Board, effective immediately. Citing increased responsibilities at Avalon Advanced Material Inc., Bubar will remain as a technical and strategic advisor. Peter J. Cashin, the company's President and CEO, will serve as interim Chairman until a suitable candidate is found. The Board has initiated a selection committee to identify potential new members. This transition aims to maintain leadership continuity as Imperial advances its technology metals projects.
- Continuity in leadership with Peter J. Cashin as interim Chairman.
- Bubar's continued role as a technical and strategic advisor.
- Concerns about leadership continuity due to the sudden resignation of Bubar.
MONTREAL, May 05, 2021 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial") (TSX VENTURE: IPG; OTCQB: IMPNF) announces that Donald S. Bubar, Imperial’s Chairman of the Board of Directors since the corporation’s founding in 2018, has submitted his resignation as a member of the board, effective immediately. Mr. Bubar has agreed to continue to serve Imperial as a technical and strategic advisor. Peter J. Cashin, Imperial’s Founder, President and CEO was nominated by the Board of Directors to assume the role of Chairman on an interim basis until a new Board member has been identified and nominated who can also serve as an independent Chairman.
In submitting his resignation, Mr. Bubar noted that his duties and responsibilities as President and CEO of Avalon Advanced Material Inc. have greatly increased over the past year and advised that he no longer had enough time to fulfill his responsibilities as Imperial’s Board Chair and, accordingly, decided to step down.
“The Board of Directors and myself wish to express our gratitude for Don’s time and expertise in aiding with the building of Imperial Mining to become one of North America’s leading explorers and developers of critical mineral resources, particularly scandium,” said Peter Cashin, Imperial’s President & Chief Executive Officer. “I am pleased that Don will continue to support Imperial’s growth as an advisor to the Corporation. We want to thank him for his important contribution to the Corporation and its shareholders and wish him success with all of his future endeavors.”
The Board has formed a selection committee with the task of identifying and inviting potential candidates to assume the role and to individually vet those best suited to assume his position. Numerous high-quality candidates have been identified and are currently being evaluated. The introduction of the new Chairman will be made publicly upon completion of the vetting process.
ABOUT IMPERIAL MINING GROUP LTD.
Imperial is a Canadian mineral exploration and development company focused on the advancement of its technology metals projects in Québec. Imperial is publicly listed on the TSX Venture Exchange as “IPG” and on the OTCQB Exchange as “IMPNF” and is led by an experienced team of mineral exploration and development professionals with a strong track record of mineral deposit discovery in numerous metal commodities.
For further information please contact:
| Peter J. Cashin President and Chief Executive Officer Phone: +1 (514) 360-0571 Email: info@imperialmgp.com | CHF Capital Markets Iryna Zheliasko, Manager-Corporate Communications Phone: +1 (416) 868-1079 x229 Email: iryna@chfir.com |
Website: www.imperialmgp.com Twitter: @imperial_mining Facebook: Imperial Mining Group
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.
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