Chlormet to Drop Tanzania Optionadmin
Chlormet to Drop Tanzania Option
Vancouver, British Columbia CANADA, January 20, 2014 /FSC/ – Chlormet Technologies Inc (CMT – TSX Venture), (“Chlormet” or the “Company”) announces that the Board has decided to not proceed with a letter of intent to acquire a 100% undivided interest in the Pugu Hills kaolin clay property in Tanzania (see news release dated June 11, 2013).
Commensurate with the decision to not proceed, the Company announces that Mr. Paul Lemmon, P. Geo. will not be acting as the Company’s Vice-President, Exploration and will hold no position with the Company at this time.
About Chlormet Technologies
Chlormet Technologies Inc. is a mineral resource company with an advanced stage exploration project in British Columbia. The Company has an experienced management team with a growth strategy to develop a diversified portfolio of exploration projects that can be taken into production. The Company’s main objective is to add shareholder value through cost efficient exploration, strategic acquisitions, joint ventures, and effective marketing while maintaining a lower risk profile through project diversification and sound financial management.
ON BEHALF OF THE BOARD OF DIRECTORS
“Mark A. McLeary”
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view this press release as a PDF, please click on the following link:
Source: Chlormet Technologies Inc. (TSXV: CMT)
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Posted: January 20th, 2014 under FSCWIRE.