TORONTO, May 6, 2013 /CNW/ - The Westaim Corporation ("Westaim" or the
"Company") (TSXV: WED) announced today that Mr. Ian W. Delaney has been
appointed as a member of the Company's Audit Committee replacing Mr.
Cameron MacDonald. Mr. MacDonald will remain as a director and as
President and Chief Executive Officer of the Company. With the
addition of Mr. Delaney, the Company's Audit Committee now consists of
John W. Gildner (Chair), Ian Delaney and Daniel Owen, each of whom is
"independent" for the purposes of National Instrument 52-110 - Audit Committees.
Certain portions of this press release as well as other public
statements by Westaim contain forward-looking statements. Such
forward-looking statements include but are not limited to statements
concerning the investment strategies and expected rates of return; and
strategic alternatives to maximize value for shareholder. These
statements are based on current expectations that are subject to risks,
uncertainties and assumptions and Westaim can give no assurance that
these expectations are correct. Westaim's actual results could differ
materially from those anticipated by forward-looking statements for
various reasons generally beyond our control, including but not limited
to: (i) changes in market conditions or deterioration in underlying
investments; (ii) general economic, market, financing, regulatory and
industry developments and conditions; (iii) other risk factors set
forth in Westaim's 2012 Annual Report, quarterly reports or AIF.
Westaim disclaims any intention or obligation to revise forward-looking
statements whether as a result of new information, future developments
or otherwise except as required by law. All forward-looking statements
are expressly qualified in their entirety by this cautionary statement.
SOURCE: Westaim Corporation
For further information:
Jeff Sarfin, Chief Financial Officer