EPM Mining Ventures Inc. Announces New Board Member
September 30, 2014 (Source: Marketwired) — EPM Mining Ventures Inc. (“EPM” or the “Company”) (TSX VENTURE:EPK)(OTCQX:EPKMF) today announced that it added Ronald Bryan to its Board of Directors (“Board”) overseeing its Sevier Lake Playa Sulphate of Potash (“SOP”) Project located in southwestern Utah. With this appointment, the Board increases to nine members.
“We are very pleased to welcome Mr. Bryan to the board,” said Lance D’Ambrosio, Chief Executive Officer of EPM. “He brings tremendous knowledge and a wealth of experience to our company and we look forward to his contributions as we work to bring our SOP project to fruition.”
“I am very excited about joining the board of EPM,” said Ron Bryan. “I believe that this project represents a terrific opportunity for the market, and I truly look forward to helping the team realize its great potential.”
Mr. Bryan is a former Senior Vice-President of Borden Chemicals & Plastics as well as a former Vice-President & General Manager of Compass Minerals International (“Compass”), an approximately $3 billion market cap company specializing in the production of sulphate of potash, salt, and other specialty minerals. From 2005 until 2012, he ran the sulphate of potash business for Compass. He has broad experience and a proven track record in specialty and commodity chemicals, minerals, and agriculture fertilizers with proficiency in business management and analysis, P&L oversight, production management, sales & marketing, market research, strategic planning, new business development, and process engineering. Trained as a chemical engineer, Mr. Bryan has also worked for Conoco Chemicals, and Arco Chemical. In addition, he has been a board member of The Fertilizer Institute, The Sulfate of Potash Information Board, and the International Plant Nutrition Institute.
In connection with his appointment, the Board has granted Mr. Bryan 300,000 options. One-quarter, or 75,000 options, shall vest on December 31, 2014; one-quarter, or 75,000 options, shall vest on March 31, 2015; one-quarter, or 75,000 options, shall vest on June 30, 2015; and the final quarter, or 75,000 options, shall vest on September 30, 2015. All options are exercisable over a period of five years at a price of $0.40 per common share, which is which is a premium of 45.45% over the closing price on September 26.
About EPM Mining Ventures
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EPM is an exploration-stage company focused on specialty fertilizers. Through Peak Minerals Inc., its indirect wholly-owned subsidiary, EPM controls directly or through agreement mineral leases on more than 124,000 acres on its Sevier Lake Playa property in Millard County, Utah. With a brine resource known to contain potassium, magnesium, sulphate, lithium, and a suite of other beneficial minerals, EPM is targeting the development and production of specialty fertilizers, including SOP, through the use of a cost-effective solar evaporation process. SOP and other specialty fertilizers are used in the production of high value, chloride-sensitive crops such as fruits, vegetables, and tree nuts. With the recent completion of a Preliminary Feasibility Study, the Company is currently engaged in engineering and analysis designed to support a feasibility study, environmental permitting, and ultimately mineral production.
For more information, please visit our web site at www.epmmining.com.
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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