IMM International Metals Mining Corp

Immunotec Inc. (TSX VENTURE:IMM), a Canadian based company and a leader in the
wellness industry (the "Corporation" or "Immunotec") announced today that at a
meeting of its board of directors (the "Board") held on this date, the Board
approved the following matters:




--  the ratification of the termination of Mr. Robert Henry as CEO and
    Chairman of the Board of the Corporation which occurred on May 10, 2013
    and the termination of Mr. Henry as director of the Corporation's
    subsidiaries. The Board asked for the resignation of Mr. Henry as a
    director of the Corporation and its subsidiaries. The Chairman indicated
    to Mr. Henry that directors representing over 50% of the issued and
    outstanding shares held in the capital of Immunotec (the "Shares") voted
    in favour of his dismissal. As Mr. Henry declined to resign, the Board
    also approved the calling of a special meeting of the shareholders of
    Immunotec for the purpose of removing Mr. Henry from its Board;

--  the appointment of Mr. Rod Budd, who has been a director since 2011, as
    Chairman of the Board, and of Mr. Charles Roberts, one of the founders
    of the Corporation, as Chairman Emeritus of the Corporation;

--  the ratification of the appointment of Mr. Charles Orr as CEO of the
    Corporation as of June 1st, 2013, the approval of his employment
    agreement as well as the grant of options (the "Options"), pursuant to
    the Immunotec Stock Option Plan, entitling him to acquire up to an
    aggregate of 500,000 Shares. These Options will be issued on the date
    which is 2 trading days after the issuance of the Corporation's
    financial results of the second quarter of the 2013 financial year, at
    an exercise price established at the greater of $0.30 or the market
    price of the Shares at the close of business on the day preceding the
    date of grant, since the Board believes that the current market price of
    the Corporation's Shares is undervalued. These Options will vest over a
    two-year period, with 250,000 vesting on each of June 1, 2014 and June
    1, 2015. Each Option is exercisable, once vested, for a period of five
    years from the date of the grant. Mr. Orr's role as Lead Director of the
    Corporation was terminated due to his CEO appointment.



About Immunotec Inc.

Immunotec is a world-class business opportunity supported by unique,
scientifically proven products that improve wellness. Headquartered with
manufacturing facilities near Montreal, Canada, the Corporation also has
distribution capacities to support its commercial activities in Canada and
internationally to the United States, Mexico, Europe and the Caribbean.


The Corporation files its consolidated financial statements, its management and
discussion analysis report, its press releases and such other required documents
on the SEDAR database at www.sedar.com and on the Corporation's website at
www.immunotec.com. The Shares are listed on the TSX Venture Exchange under the
ticker symbol IMM. 


CAUTION REGARDING FORWARD-LOOKING STATEMENTS: Certain statements contained in
this news release are forward-looking and are subject to numerous risks and
uncertainties, known and unknown. For information identifying known risks and
uncertainties and other important factors that could cause actual results to
differ materially from those anticipated in the forward-looking statements,
please refer to the heading Risks and Uncertainties in Immunotec's most recent
Management's Discussion and Analysis, which can be found at www.sedar.com.
Consequently, actual results may differ materially from the anticipated results
expressed in these forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Patrick Montpetit
Chief Financial Officer
(450) 510-4527

International Metals Min... (TSXV:IMM)
Historical Stock Chart
From May 2024 to Jun 2024

International Metals Min... (TSXV:IMM)
Historical Stock Chart
From Jun 2023 to Jun 2024