VANCOUVER, July 20, 2012 /CNW/ - Search Minerals Inc. ("Search" or the
"Company") (TSXV: SMY) announces that the special committee (the
"Strategic Committee") of the Company's board of directors has engaged
Byron Capital Markets Ltd. ("Byron") of Toronto, Ontario, Canada as the
Strategic Committee's financial and capital markets advisor to assist
it in fulfilling its mandate of examining the strategic and corporate
development of the Company.
The term of the engagement will be for a period of 6 months, subject to
extension on agreement of the parties.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility of the adequacy or accuracy of this release.
Search Minerals Inc. (TSXV:SMY) is a TSX Venture Exchange listed
company, headquartered in Vancouver, B.C. Search is the discoverer of
the Port Hope Simpson REE District, a highly prospective light and
heavy REE belt located in southeast Labrador where the company controls
a dominant land position in a belt 135km long and up to 12km wide. In
addition, Search has a number of other mineral prospects in its
portfolio located in Newfoundland and Labrador, including a number of
claims in the Strange Lake Complex, where Quest Rare Minerals has an
earn-in agreement with the Company; and at the Red Wine Complex, where
Great Western Minerals Group has a Joint Venture with the Company.
Furthermore, Search Minerals is the owner of the Starved Acid Leaching
Technology (patents pending) ("SALT"), a process with the potential to
economically recover nickel and cobalt from known deposits currently
considered sub economic.
Search Minerals is led by a management team and Board of Directors with
a proven track record in the mining industry. The Company has
experienced geological and metallurgical teams led by Dr. Randy Miller
and Dr. David Dreisinger respectively.
All material information on the Company may be found on its website at www.searchminerals.ca and on SEDAR at www.sedar.com.
Byron Capital Markets Ltd. is an innovative, intellectually-driven, and
independent investment dealer focused on providing an unparalleled
level of service to institutional investors and corporate clients
throughout the lifecycle of their businesses with idea-driven
investment banking, research, sales and trading platforms.
Byron Capital Markets Ltd. is a full service, institutional investment
dealer, a member of the Investment Industry Regulatory Organization of
Canada and a participating organization of the Toronto Stock Exchange
and the TSX Venture Exchange with offices in Toronto and Montreal,
Canada. More information about Byron is available at www.byroncapitalmarkets.com.
This news release contains forward-looking statements that are not
historical facts. Forward-looking statements involve risks,
uncertainties and other factors that could cause actual results,
performance, prospects, and opportunities to differ materially from
those expressed or implied by such forward- looking statements. Factors
that could cause actual results to differ materially from these
forward- looking statements include those risks set out in Search's
public documents filed on SEDAR at www.sedar.com. Although Search believes that the assumptions and factors used in
preparing the forward-looking statements are reasonable, undue reliance
should not be placed on these statements, which only apply as of the
date of this news release, and no assurance can be given that such
events will occur in the disclosed time frames or at all. Except where
required by law, Search disclaims any intention or obligation to update
or revise any forward-looking statement, whether as a result of new
information, future events or otherwise.
SOURCE Search Minerals Inc.
For further information:
President & Chief Executive Officer