NWM Mining Announces Investor Relations Engagements
TSX Venture Exchange
Symbol: NWM
Shares Outstanding: 215,769,527
TORONTO, March 31 /CNW/ - NWM Mining Corporation (the "Company" TSX-V: NWM) is pleased to announce that, subject to regulatory approval, it has retained the services of D&D Securities Company of Toronto to provide various investor relations consulting services for the Company. In addition to organizing broker road shows, D&D Securities will introduce the Company to retail and institutional research houses, and undertake miscellaneous tasks related to the Company's investor relations and public relations programs to strengthen the Company's profile in the financial community and enhance the visibility of our portfolio. The Company will pay D&D Securities a fee of CDN $36,000 in instalments over the one year term of the agreement which either party may terminate on written notice. NWM will also grant 1,000,000 incentive stock options to D&D Securities, subject to regulatory approval. The options vest at 25% every three months and are exercisable at a price of $0.10 per share for a period equal to the lesser of 30 days after termination and two years from the date of grant.
NWM has also retained the services of StrataStar Marketing Group, LLC to provide marketing and investor relations through an integrated communications and marketing program. StrataStar Marketing LLC is a marketing and investor relations company established in 2007 by Gary Lindsey and specializes in the natural resource sector and is located in Centennial, Colorado. NWM Mining will pay StrataStar a fee of USD $1,000 for the first two months of the contract and USD $4,000 per month for the remainder of the one year term of the contract which either party may terminate on written notice. The Company will also grant 500,000 incentive stock options to StrataStar Marketing, subject to regulatory approval. The options vest at 25% every three months and are exercisable at a price of $0.10 per share for a period equal to the lesser of 30 days after termination and two years from the date of grant.
Ubika Corporation ("Ubika") of Toronto has also been retained to provide research and exposure services to raise NWM's investment profile. Ubika Corporation is a Toronto based premier research, analytics and capital market exposure company with operations in Toronto and Vancouver, Canada. Ubika Corporation operates its research, capital markets and media exposure business through its divisions Ubika Research and www.smallcappower.com. The Company will pay Ubika a one time Research & Exposure Enrolment Fee of CDN $3,500 plus a monthly Research & Exposure Fee of CDN $3,500 for the one-year term of the contract. The Company will also grant 395,000 options subject to regulatory approval. The options vest at 25% every three months and are exercisable at a price of $0.10 per share for a period equal to the lesser of 30 days after termination and two years from the date of grant. The contract is automatically renewable unless terminated by either party on 60 days' notice.
The Company has also engaged International Financial Consulting International Coordination Ltd. ("IFC") of Hannah Bay Estates, Sea Cows Bay, Tortola, British Virgin Islands as an investor relations consultant to provide international investment promotional services. IFC is a private company incorporated in the British Virgin Islands, solely-owned by James Mark Plaxton and provides international investment promotion services. As compensation, IFC will be granted options under the Company's stock option plan entitling IFC to purchase up to a total of 500,000 common shares, subject to regulatory approval. The options vest at 25% every three months and are exercisable at a price of $0.10 per share for a period equal to the lesser of 30 days after termination and three years from the date of grant. IFC currently holds 500,000 stock options which have a strike price of $0.17 and expire on August 31, 2010.
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.
For further information: please contact NWM Mining Corporation at (416) 364-6799
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