SANTIAGO, Chile, Jan. 6, 2014 (GLOBE NEWSWIRE) -- White Mountain Titanium Corporation ("White Mountain" or the "Company") (OTCQB:WMTM) announces that as previously reported, on December 4, 2013, White Mountain Titanium Corporation (the "Company") entered into a Binding Memorandum of Understanding (the "MOU") dated December 3, 2013, with Grand Agriculture Investment Limited (the "Investor"), a company formed in Hong Kong and controlled by Kin Wong, a shareholder of the Company. The MOU provided that the Board of Directors would be expanded to seven persons and that three Investor group designees would be appointed as directors of the Company following the closing of the First Tranche Units, which occurred on December 13, 2013.
White Mountain Announces Appointment Of New Directors
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