INV Metals Announces Management Appointment
TORONTO, ON – June 10, 2010 – INV Metals Inc. (“INV Metals” or “Company”) (TSX: INV) – On behalf of the Board of Directors, Mr. Robert Bell, Chief Executive Officer and Director, is pleased to announce the appointment of Ms. Candace MacGibbon to the position of President and Chief Financial Officer, effective immediately. Mr. Bell will continue in his position of Chief Executive Officer of the Company.
Mr. Bell stated, “The appointment of Ms. MacGibbon to President recognizes her significant contribution to the recent transformation of INV Metals. Ms. MacGibbon joined INV Metals in March 2008 as Vice President and Chief Financial Officer. Ms. MacGibbon will continue in her current role as Chief Financial Officer with responsibility over the financial management of the Company.” Mr. Bell added, “Over the past two years, Candace has been a pivotal member of the team responsible for defining and implementing the corporate strategy and vision of INV Metals and her appointment to President recognizes her expanded role within the Company.”
Ms. MacGibbon is a CA and CPA (Illinois) and a graduate of the University of Western Ontario and Sir Wilfred Laurier University. Ms. MacGibbon has extensive experience in the mining sector, along with significant contacts within the financial community, as a result of her previous employment as a global mining institutional salesperson with RBC Capital Markets and in base metals research as a mining associate with BMO Capital Markets. Ms. MacGibbon’s experience in accounting matters includes her previous role as a Manager at Deloitte LLP and as a cost analyst with Inco Limited.
About INV Metals Inc.
INV Metals is an international mineral resource company focused on the acquisition, exploration and development of base and precious metal projects in Brazil, Namibia and Canada. Currently, INV Metals’ primary assets are: (1) its option to acquire 50% of the Rio Novo property, located in Brazil, (2) its option to acquire 50% of the Kaoko property, located in Namibia, (3) its 100% owned Itaporã gold properties, located in Brazil and (4) its option to acquire 50% of the Thorne Lake gold property, located in northwestern Ontario. Please also refer to INV Metals’ Management’s Discussion and Analysis dated May 11, 2010, available on SEDAR at www.sedar.com and the corporate presentation on INV Metals’ website at www.invmetals.com to view additional details relating to the properties.