International Nickel Ventures Appoints New President and CEO
TORONTO, ONTARIO – (CCNMatthews – January 29, 2007) – International Nickel Ventures Corp. (TSX:INV) reports that Mr. Jim Clucas, the Company’s current Chairman, has also been appointed President and Chief Executive Officer, effective February 5, 2007.
Mr. Roland Horst has resigned as the Company’s President and CEO effective February 5, 2007 to accept the position of CEO of a private company. Mr. Horst will remain a Director of the Company.
Jim Clucas stated that “Roland managed the Company through the transition from a private to a public company trading on the Toronto Stock Exchange and the development and accumulation of its valuable assets and alliances in Brazil. I would like to thank Roland for his professional contribution and wish him well in his future endeavours.”
INV is a Canadian mineral resource company focused on the acquisition, exploration and development of nickel projects in Brazil. Its primary asset is an option to acquire, with partner and operator Teck Cominco, a 75% (INV’s interest equals 20.25%, Teck Cominco equals 54.75%) interest in two advanced-stage nickel laterite deposits, Santa Fe and Ipora, in the Goias nickel camp of Brazil. In addition, INV has 100% ownership in an extensive land package of prospective lateritic and sulphide nickel properties in Goias, Para and Tocantins States. INV had a cash position of approximately $17.5 million at September 30, 2006 and has 34.5 million shares outstanding.