TORONTO, May 14, 2013 /CNW/ - EPM Mining Ventures Inc.
("EPM" or the "Company") (TSXV: EPK - OTCQX: EPKMF) is pleased to
announce the director election results of its 2013 Annual and
Special Meeting of Shareholders held in Toronto on May 9
(the "Meeting"). At the Meeting, all nominees listed in the
Company's Proxy Statement, dated April 5,
2013, as candidate directors of the Company were reelected.
These are: Arthur Ditto, Chairman;
Daniel Basse, De Lyle Bloomquist,
Theodore Botts, Lance D'Ambrosio,
Jeff Gentry, Ramakrishnan Mukundan, and Thomas Pladsen.
The Company is also pleased to report its first
quarter 2013 ("First Quarter") results. The Company's
unaudited condensed consolidated interim financial statements ("Q1
Financials") and Management Discussion and Analysis are available
on SEDAR (www.sedar.com) as well as on the Company's website
(www.epmmining.com). Highlights from the Q1 Financials include:
- The Company reported a net loss for the First Quarter of
$0.69 million ($0.01 per share) compared with a net loss of
$0.64 million ($0.01 per share) for the first quarter of
2012.
- The Company incurred a total of $3.0
million during the First Quarter on project-related
activities for its Sevier Playa Project, compared to $4.1 million for the first quarter of 2012.
First Quarter activities included an expansion of its 2012 drilling
program, prefeasibility study engineering, bench scale test work,
and environmental permitting.
- The Company ended the First Quarter with cash and cash
equivalents of $7.8 million compared
with $10.6 million as at December 31, 2012.
About EPM Mining Ventures
EPM, through its wholly owned subsidiary Peak
Minerals Inc., controls directly or through agreement, mineral
leases on more than 124,000 acres on the Sevier Playa property in
Millard County, Utah, EPM is
targeting the future development and production of Sulfate of
Potash (SOP), a premium-priced fertilizer used for specialty crops
and arid soils, using an industry proven, cost-effective solar
evaporation process.
For more information on the Company, please
visit our web site at www.epmmining.com.
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.
SOURCE EPM Mining Ventures Inc.