Glacier Acquires 50% Interest in InfoMine
10 Noviembre 2011 - 1:13PM
Marketwired
Glacier Media Inc. (TSX:GVC) is pleased to announce that, through
its affiliates, it has acquired a 50% interest in InfoMine Inc.
(www.infomine.com), a leading online provider of rich information
and intelligence to the global mining industry.
Founded in 1990 and headquartered in Vancouver, B.C., InfoMine
employs a staff of 94 people across seven key mining nations --
Canada, USA, Mexico, Brazil, Peru, South Africa and Australia.
InfoMine delivers its online information and services through a
number of divisions including:
-- CareerMine - the largest online job board for the global mining industry
with between 25,000 and 35,000 active job postings at any point in time.
-- CostMine - a comprehensive source of mine cost estimating information.
-- EduMine - an online "campus" with courses covering a broad array of
topics and areas relevant to the mining industry.
-- Companies and Properties Database - a subscription database with
detailed information on thousands of mining companies and mineral
properties.
-- Others such as SupplyMine (an online directory of over 19,000 mining
supply companies), Mining.com (a mining news site) and EquipmentMine (an
online classifieds site for mining equipment and services).
The information delivered on InfoMine.com is provided through a
number of "editions" and is available in English, Spanish and
Portuguese.
InfoMine's experienced management team will continue to operate
and grow the business. InfoMine's founder and CEO, Dr. Andy
Robertson, was previously a founding partner of Steffen, Robertson
and Kirsten (SRK), a leading, international mining consulting
practice with over 1,000 professionals.
The investment in InfoMine further enhances Glacier's mining
information presence, which represents a significant strategic
opportunity. Canada is one of three global hubs in terms of mining
financing, technology, education and overall activity. Through the
Northern Miner group (The Northern Miner, Mining Markets, Diamonds
in Canada, Canadian and American Mines Handbook), Glacier already
has a strong brand and product offering in the mining information
space. InfoMine substantially enhances Glacier's presence in the
sector in terms of expertise, product offering, digital footprint,
and global reach.
Mining information is also an important component of a broader
natural resources information offering for Glacier. Through the
JuneWarren-Nickle's Energy Group, the Western Producer and Farm
Business Communications, Glacier offers a wide variety of
information and intelligence products to parties involved in and
interested in Canada's natural resources industries. The overlap in
customers and information needs between the mining, oil and gas and
agriculture verticals is significant. Glacier will continue to
enhance existing offerings while concurrently partnering and
acquiring to increasingly meet the rich information needs of
clients in this space.
"We are delighted to partner with InfoMine, Andy and his
talented team," said Jonathon Kennedy, President and CEO of Glacier
Media. "The investment in InfoMine continues Glacier's goal of
building our business information operations with particular focus
on digital and rich information opportunities."
Shares in Glacier can be traded on the Toronto Stock Exchange
under the symbol GVC.
About the Company: Glacier Media Inc. is an information
communications company focused on the provision of primary and
essential information and related services through print,
electronic and online media. Glacier Media Inc. is pursuing this
strategy through its core businesses: the local newspaper, trade
information and business and professional information markets.
Forward Looking Statements
This news release contains forward-looking statements that
relate to, among other things, the Company's objectives, goals,
strategies, intentions, plans, beliefs, expectations and estimates.
These forward-looking statements include statements relating to the
anticipated completion of the acquisition. These forward looking
statements are subject to risks, uncertainties and other factors
which may cause results, performance or achievements of the Company
to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements, and undue reliance should not be placed on such
statements.
Important factors that could cause actual results to differ
materially from these expectations are listed in the Company's
Annual Information Form under the heading "Risk Factors" and in the
Company's MD&A under the heading "Business Environment and
Risks", many of which are out of the Company's control. These
factors include, but are not limited to, closing risks and risks
relating to the integration of new businesses.
The forward-looking statements made in this news release relate
only to events or information as of the date on which the
statements are made. Except as required by law, the Company
undertakes no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise, after the date on which the statements
are made or to reflect the occurrence of unanticipated events.
Contacts: Glacier Media Inc. Mr. Mark Melville Vice-President,
Corporate Development 604-418-5972
Glacier Media (TSX:GVC)
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