Business
AIM Completes Reorganization
SYDNEY, NS, March 23 /CNW Telbec/ - Atlantic Industrial Minerals Incorporated (TSXV:ANL.V) ("AIM"...
About this update from Sylla Gold Corp
[{"type":"text","content":"\n\n\n\nSYDNEY, NS, March 23 /CNW Telbec/ - Atlantic Industrial Minerals\nIncorporated (TSXV:ANL.V) ("AIM") announced today that it has completed its\npreviously announced sale of its common shares of Kelly Rock Limited to\nMunicipal Capital Incorporated.\n\n\nEffective upon completion of the transaction, the Board of Directors of\nAIM have appointed Colin J. MacDonald as President and director and H. Robert\nHemming, FCA, as a director, in each case subject to regulatory approval, and\nDavid MacKenna, Glen Dexter and Barclay Cunningham have resigned as officers\nand directors of AIM.\n\n\nColin J. MacDonald is an Antigonish businessman. Mr. MacDonald was a\nfounding shareholder and director of Kaoclay Resources Inc., a private mineral\nresource company, until its acquisition by Erdene Gold Inc. in 2006. Prior to\nthat Mr. MacDonald worked in the financial services sector for 16 years. Mr.\nMacDonald has previously served as a director of Seabright Resources Inc., a\npublic mineral resource company. H. Robert Hemming, FCA, is president of\nTowerview Apartments Limited. Mr. Hemming is also a retired chartered\naccountant and was a founding partner of the Nova Scotia accounting firm,\nHemming Weir Casey Inc., and practiced with that firm until 2006. Mr. Hemming\nwas also previously a director of Seabright Resources Inc.\n\n\nThe common shares of AIM are currently listed on the TSX Venture\nExchange, and AIM will seek to maintain this listing. However, due to the\neffects of the transaction on the nature of AIM's primary business activity,\nthe TSX Venture Exchange is reviewing AIM's compliance with its Tier\nMaintenance Standards for continued listing. Should the TSX Venture Exchange\ndetermine that the common shares of AIM no longer meet its minimum listing\nrequirements, AIM will seek to list its common shares on the NEX board of the\nTSX Venture Exchange.\n\n\nAIM is a natural resource company based in Sydney, Nova Scotia, with\ninterests in several limestone and water resources located in the Atlantic\nProvinces.\n\n\nCommentary regarding forward looking statements:\n\n\nThis news release may contain forward-looking statements, including in\nconnection with the continued listing of the common shares of AIM on the TSX\nVenture Exchange. Such statements involve known and unknown risks,\nuncertainties, and other factors...