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Industrial Minerals Selects Allen & Caron Inc for Investor Relations, Corporate Communications

February 28, 2011

COOS BAY, Ore., Feb. 28, 2011 /PRNewswire/ — Industrial Minerals Corp. (Pink Sheets: ILMCY), a minerals processing company focused on developing the Southern Oregon Mineral Sands project, announced today that is has selected Allen & Caron Inc as its agency for investor relations and corporate communications. With offices in New York City, Irvine, CA and London, Allen & Caron will help Industrial Minerals develop an effective outreach program to increase visibility in the investment community and the business/financial media.

Industrial Minerals Chief Executive Officer Philip Garratt said: “This is an important time for us, as we begin developing our unique minerals project in southern coastal Oregon, an area containing the only domestic source of a high-quality, foundry-grade chromite. We selected Allen & Caron because of their experience and well-established reputation for helping companies develop and implement meaningful communications with investment community professionals and the business media. Allen & Caron will lead our efforts to communicate our progress effectively to all our constituencies, which will be key to increasing the trading and valuation.”

Allen & Caron Chairman and CEO Joe Allen said: “Industrial Minerals is building a world-class reputation for minerals extraction along with sensitivity for the environment. Their project in southern Oregon will be beneficial to the local economy, and provide a group of unique minerals that don’t require refining or chemical leaching in their processing and are important elements for a variety of industries. We look forward to working closely with Industrial Minerals and helping them communicate with an increasing audience of influential investors and the media.”


    Contacts:

    Industrial Minerals Corporation
    Scott Mison
    Company Secretary
    www.industrialmineralscorp.com.au

    Allen & Caron Inc
    Rudy Barrio (Investors)
    r.barrio@allencaron.com
    +1 212 691 8087

    Len Hall (Media)
    len@allencaron.com
    +1 949 474 4300

SOURCE Allen & Caron Inc


Source: newswire



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