Iona Energy Inc. announced changes to the company's Board of Directors. On March 27, 2015 bondholders approved a series of amendments to the Company's bond agreement. Pursuant to specific amendments regarding the number of Board Directors and appointment of a new independent director, Bill McCall has been appointed to the Board of Iona as an independent director and Richard Ames and Roger Laing have resigned as Directors.

The Board changes will take place with immediate effect. Bill McCall is currently a Principal of McCall & Partners, a strategic corporate finance advisory business and has extensive experience as an Independent Director.