CMX Chilean Metals Inc

MELBOURNE, FL--(Marketwired - Jun 4, 2014) - Innocent Inc. (OTC: INCT) (the "Company"), a development stage oil and gas exploration and production company, is pleased to announce that it has accepted the resignation of Wayne Doss. The company's current Chief Operating Officer, Patrick Johnson, has been promoted to be the company's new Chief Executive Officer. Additionally, Terry Lynch was appointed as new President and Chairman of the Board.

Mr. Lynch graduated in 1981 from St. Francis Xavier University with a joint honours degree in Economics and BBA. Prior to becoming CEO of Chilean Metals Inc. (TSX-VENTURE: CMX) in 2012, Mr. Lynch had been CEO of privately held Relief Gold. He also had been a director and later CEO of TSX-listed Firstgold Corp. He assumed the CEO position after the company had run into financial difficulty bringing its Relief Canyon mine into production. He arranged a sale of 51% of the company for a total capital injection of $26.5 million from Northwest Non Ferrous Metals, one of China's largest mining engineering and consulting groups. However, due to the rejection of the takeover by the US government, the company filed for bankruptcy. From October 2005 to August 2008 Mr. Lynch was a partner with Kingsmill Capital Partners, a financial advisory firm specializing in advising public and private early stage growth companies. Prior to joining Kingsmill Capital, he spent 15 years operating startup companies in industrial products, media and oil and gas where he was President & Co-founder of Pacific Tiger Energy, a Canadian-listed company ultimately acquired by Pan Orient Energy Corp. (TSX-VENTURE: POE).

Patrick Johnson, CEO of Innocent, stated, "We face considerable challenges in front of us in order to restore and create additional shareholder value and feel Terry's expertise in corporate restructuring and capital formation will be very helpful. Our objective in the short term is to provide a stable balance sheet for the company as we move towards our long term goal of creating a technology-driven North American oil and gas exploration and production company."

About Innocent Inc. Innocent Inc. is a development stage oil and gas exploration and production company focused on developing properties in North America. Innocent Inc. plans to minimize the risk of exploration through development of proved petroleum reserves, and expects to maximize profit through strategic acquisition and liquidation of selected oil and gas properties. Innocent Inc. has partnered with industry experts in this agreement and they will provide the technical guidance and field management experience. Together, this new team of Innocent Inc. and Evergreen Petroleum will focus on acquiring low-risk, high-upside properties coupled with substantial exploration potential. Through improvements in oil and gas production technologies, we seek to rapidly increase production levels and generate predictable, sustainable value. Adhering to our narrow, clearly defined strategy, we are focused on 100% acquisitions and joint ventures to maximize our production capacity. The company can be found online at www.innocentinc.com.

SAFE HARBOR This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act"). All statements other than statements of historical facts included in this report regarding our financial position, business strategy, plans and objectives of management for future operations, industry conditions, and indebtedness covenant compliance are forward-looking statements. When used in this report, forward-looking statements are generally accompanied by terms or phrases such as "estimate," "project," "predict," "believe," "expect," "anticipate," "target," "plan," "intend," "seek," "goal," "will," "should," "may" or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about, actual or potential future sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond our company's control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following: oil and gas prices, general economic or industry conditions, nationally and/or in the communities in which our company conducts business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, our access to capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, and other economic, competitive, governmental, regulatory and technical factors affecting our company's operations, products, services and prices.

We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control.

Contact: Innocent Inc. Patrick J. Johnson Chief Executive Officer 786-508-2884 IR@Innocentinc.com

Grafico Azioni Chilean Metals (TSXV:CMX)
Storico
Da Dic 2024 a Gen 2025

Grafico Azioni Chilean Metals (TSXV:CMX)
Storico
Da Gen 2024 a Gen 2025