DNI Metals appoints Minty as director

Jun 3, 2016

DNI METALS INC. APPOINTS NEW DIRECTOR

DNI Metals Inc. has added a new director, Keith Minty, a mining engineer, to help with the development of the Vohitsara graphite deposit.

Mr. Minty, PEng, MBA, has more than 30 years of professional experience in mineral resource exploration and development in precious and base metals, industrial minerals and coal in Canada and internationally. Mr. Minty was directly involved in realizing the mineral resource projects’ value by constructing, operating and managing gold and platinum group metal projects. Mr. Minty has been associated with premier mineral resource exploration and developing companies, such as Hunter Dickinson Inc., Viceroy Resources, North American Palladium and Thani Investments Ltd., in many senior operating and management positions. Until 2013, Mr. Minty was the chief operating officer for Thani Investment (a private Dubai-based venture capital group) and a subsidiary of Thani Emirates Resources Ltd., and was primary responsible for unlocking value from their worldwide mineral resource projects.

Mr. Minty obtained extensive graphite technical and operating experience at both North Coast Industries’ (now Northern Graphite Corp.) Bissett Creek graphite and Cal Graphite Corp.’s (now Ontario Graphite Inc.) Kearney graphite mine, and has experience of in the development of several past and new Sri Lanka graphite projects.

Mr. Minty has had the opportunity of conducting Madagascar precious metals project valuations, and is knowledgeable of the political and social requirements associated with Madagascar project development and operations.

Mr. Minty is an active member of the board of directors of Auryn Resources Inc. and Callinex Mines Inc., mineral resource companies.

Mr. Minty obtained a BSc in mining engineering from Queen’s University in 1978 and an MBA from Athabasca University in 2014.

Paul Gorman has resigned from the board of DNI. The board expresses its appreciation in Mr. Gorman’s valuable contributions in advancing the company to its new operating entity.

DNI’s board of directors approved a debt-for-equity transaction and is issuing 300,000 shares to a consultant.

In the next 90 days, DNI has 437,500 options expiring. With the addition of a new chief financial officer and three new directors, the board has approved the granting of incentive stock options.

Pursuant to its stock option plan, DNI has granted incentive stock options to certain directors, officers and consultants of the company to purchase up to an aggregate of 2.25 million common shares in the capital stock of the company. The options are exercisable at a price of six cents per common share, on or before June 3, 2021. The company’s approved option plan allows for up to 10 per cent, or 3,972,420 options, to be issued.