June 17, 2016 08:00 ET
MONTREAL, QUEBEC–(Marketwired – June 17, 2016) – MDN Inc. (the “Company”) (TSX VENTURE:MDN) is pleased to announce the appointment of Jean Rainville as a Director of the Company as of today following the resignation of Claude Boulay as a Director of the Company.
Mr. Rainville has over 35 years of experience in the mining industry and financial markets. He is one of the founding members of BlackRock Metals Inc. where he holds the position of President and Chief Executive Officer since 2008. Jean Rainville has worked as an engineer, fund manager and corporate financing manager, and also served as Director of several private and public companies. He holds a Bachelor of Mining Engineering and Metallurgy as well as a Bachelor of Administration from McGill University.
The board of Directors of the Company agreed to grant to Mr. Rainville 200,000 stock options at the date of his appointment in accordance with the Company’s stock options plan. The price of the options was fixed at $0.07 per share and the expiry date of these options has been established at June 16, 2021.
“We would like to thank Claude for his contribution to the Company over the past years and wish him well in his future projects” said Claude Dufresne, President and CEO. “Jean’s experience in financing and mining will strongly benefit the development of the James Bay (Argor) niobium project” added Mr. Dufresne.
About MDN (TSX VENTURE:MDN)
MDN Inc. is a mining exploration company that recently concluded an agreement to acquire the James Bay (Argor) Niobium property in Ontario, Canada. MDN also holds a 72.5% interest in Crevier Minerals Inc., which owns a niobium tantalum resource in Quebec, Canada and the Ikungu and Ikungu East Gold properties in Tanzania.
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