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| | Fri Feb 26, 2010
ICN Announces Resignation of Directors and Appointment of New Director
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| | ICN Resources Ltd. (the "Company" or "ICN"), TSX.V:ICN, announces that as part of the transition to a new management team Mr. Barry Coughlan has resigned as a director. The Company wishes to thank Mr. Coughlan for his many years of dedicated service to the Company and wishes Mr. Coughlan the best in his future endeavours. Mr. Coughlan has agreed to stay on as a consultant for several months to assist the Company as it transitions to new management.
The Company would also like to announce that Mr. Dave Rhys has resigned as a Director, but will be retained in the capacity of Technical Advisor for future work on the Hog Ranch Project as well as for technical evaluation of new acquisition opportunities.
The Company is also pleased to announce the appointment of Mr. Carl Hering to the board of directors. Mr. Hering was appointed as President and CEO of the Company last December. The board of directors has approved the issuance of an additional 50,000 options to Mr. Hering upon his appointment to the board, such options to be exercisable at a price of $0.22 for a period of five years.
The Company is also pleased to announce the appointment of Tasso Baras to the position of VP Business Development. The board of directors has approved the issuance of 50,000 options to Mr. Baras upon his appointment, such options to be exercisable at a price of $0.22 for a period of five years.
ICN is still awaiting final check assay results from the drill program at Hog Ranch that ended in December, 2009. Final results are expected shortly.
On Behalf of the Board of Directors of ICN Resources Ltd.
"Herrick Lau"
Herrick Lau, Director
For more information please contact:
ICN Resources Ltd.
www.icnresources.com
Tel: (604) 685-8666
For further information about the Company, please contact Tasso Baras at 1-877 738-3882
The forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, Icon does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise. By its very nature, such forward-looking information requires Icon to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information. Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release. |
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| | You can view the Next Press Releases item: Tue Mar 9, 2010, Encouraging Phase I Results from Hog Ranch Project
You can view the Previous Press Releases item: Thu Dec 3, 2009, ICN Announces Close of Private Placement and Appointment of new President and CEO
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