QUEBEC CITY, May 23, 2018 (GLOBE NEWSWIRE) — Stelmine Canada (« Stelmine ») (TSXV-STH), a junior mining exploration company which concentrates its activities in the Province of Québec, announced today that is has signed an agreement with one of Canada’s top small cap investor relations and capital markets strategy firms. Effective immediately Stelmine has retained the services of Montreal based Momentum PR for strategic investor relations and capital markets communications services.
“With the Stelmine discoveries and over 994 claims staked in this new exploration sector of the eastern Opinaca and La Grande Sub-provinces, it is critical that our strategy, message and progress are communicated in an accurate and timely fashion. We look forward to supporting our visibility plans by executing operationally and hitting success milestones,” said Isabelle Proulx, CEO of Stelmine.
Momentum PR is a public, investor and media relations agency serving publicly-traded companies listed on Canadian stock exchanges. Momentum is based in Montreal, Canada and was founded in 2008 by President and CEO, Max Gagné. The Company specializes in launching targeted awareness campaigns for small and medium-sized public companies. Momentum PR aims to provide value to those who use its services through effective campaigning, careful client selection and timely dissemination of valuable information.
Under the terms of the agreement, compensation for ongoing strategic communication and investor outreach services is as follows. Momentum, engaged for a period of 6 months will receive a compensation of CAD $8500 per month and will have the right to receive a total of 300 000 stock options of the Company. Options will be granted at an exercise price per share to be determined, to be issued in adherence to the terms and conditions of the Company stock option program in accordance with the terms as dictated by the TSXV.
Mr. Gagné, Momentum PR’s president, commented: “We are proud to add Stelmine Canada to our umbrella of carefully chosen mining clients. The Stelmine team are experts with impressive track records, we are confident in their ability to bring Stelmine to the production level and increase shareholder value.”
Stelmine is a junior mining exploration company which concentrates its activities in the Province of Québec. Stelmine holds 994 claims spanning 517 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high potential for gold deposit discovery in geological contexts similar to the one leading to discovery of the Éléonore Mine. Its capital stock consists of 23,680,645 issued and outstanding shares for a current market capitalization of $4.7 million.
The statements set forth in this press release, which describes Stelmine’s objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of security legislation. Positive or negative verbs such as “believe”, “can”, “shall”, “intend”, “expect”, “estimate”, “assume” and other related expressions are used to identify such statements. Stelmine wishes to state that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Stelmine’s actual results and the projections or expectations set forth in the forward-looking statement include the risk that the Company does not complete the Placement as anticipated, and such other risks as described in detail from time to time in the reports filed by Stelmine with security authorities in Canada. Unless otherwise required by applicable securities laws, Stelmine disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of the new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of this release.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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