Toronto, Ontario CANADA, February 13, 2012 /FSC/ - IBI Corp.("IBI")a junior international mining and investment company, announces the appointment of Aldine J. Coffman Jr. as corporate secretary.
Aldine J. Coffman Jr. BA, JD had been appointed to the board of directors of IBI Corporation in November 2009 and is now appointed as corporate secretary. Mr. Coffman is the principal technical advisor on IBI's Uranium and Nuclear Strategy Advisory Board, and will continue in that role and as a director, in addition to his new responsibilities as corporate secretary.
In announcing the appointments, IBI president and CEO Gary A Fitchett, commented, "The appointments of Mr. Coffman as a director and corporate secretary, bring significant public company, legal, energy infrastructure, and scientific exploration and development experience to IBI's board that is particularly relevant to the Company's focus in Uganda and contemplated growth. I have worked with Mr. Coffman for some eleven years and have always appreciated his diversified experience and entrepreneurial spirit and drive."
Mr. Coffman's practice of law, from 1965 to 1985, was primarily in the states of Virginia and Utah and involved corporate and commercial, financial and banking, real estate development, mining and energy law (with focus on uranium mining, oil and gas, geothermal), and general litigation. He qualified with cases before United States Supreme Court, United States Court of Military Appeals, various Federal Courts of Appeal and District Courts, Interior Board of Land Appeals, Defense Department Board of Contract Appeals, Court of Claims and Patent Appeals.
His public company experience includes International Methane Company, director (1993 to present), CFO (1993-95), and CEO (1995-96) (Alberta Stock Exchange); coalbed methane in China, first foreign country onshore natural gas concession (coalbed methane) issued by the People's Republic of China since 1949 revolution; Stansbury Holdings Corp., director (1998-02) CEO (1999-02) (OTC Electronic Bulletin Board): industrial minerals company with mines and mills for vermiculite and garnet abrasives.
Mr Coffman's project development background from 1985 to present has involved hydro electric and thermal projects, as principal of owner/developer, and includes Colorado (1.6 mW hydel) and Belize (25 mW hydel), Central America, and Pakistan (15 mW thermal).
From 2004 to the present, Mr. Coffman has assembled and marketed thirteen significant Colorado Plateau area uranium projects to public companies, twelve of the buyers of which were either Canadian listed, or Canadian headquartered, public companies.
Concurrent with the appointment of Mr. Coffman, Dennis C. Mellersh has stepped down from his interim position as corporate secretary, but continues as IBI's director of communications and investor relations.
Reader Advisory: Statements in this document may contain forward-looking information. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including, but not limited to, any potential outcomes resulting from matters discussed in this news release, such as the changes to the position of corporate secretary. The reader is cautioned not to place undue reliance on this forward-looking information.
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For further information, please contact:
Gary A. Fitchett CA - President and CEO
Tel: (905) 985-3144
e.mail: G.Fitchett@IBInvest.com
Dennis Mellersh - Investor Relations
Tel: (416) 754-4454
e.mail: D.Mellersh@IBInvest.com
http://www.IBInvest.com
To view this release as a web page, please click on the following link:
http://www.usetdas.com/pr/ibi02132012.htm
Source: IBI Corporation http://www.IBInvest.com
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