Nevada Clean Magnesium Reports TSX Venture Exchange Approval of Crucible Capital Group's Financial Services Agreement
27 6월 2014 - 10:10PM
Access Wire
VANCOUVER, BRITISH
COLUMBIA / ACCESSWIRE / June 27,
2014 / Nevada
Clean Magnesium, Inc. (TSXV: NVM;
Frankfurt-M1V; OTC Pink Sheets: MLYFF) (the "Company" or "Nevada
Clean") reports that the TSX Venture Exchange has approved of the
Company's financial services agreement with Crucible Capital Group,
Inc. As stated in the agreement, Crucible will act as a consultant,
financial advisor and agent for the Company. In addition to a
monthly retainer and fees to be paid to Crucible for services such
as arranging for: financing, mergers, and acquisition of a business
merger, the Company will also provide Crucible with 750,000 common
shares and 250,000 warrants exercisable into common shares for two
years at an exercise price of $0.08.
The contract is in effect for
an initial term of 180 days, and there is no assurance
that the Company will carry out any financing or transaction of
which Crucible has arranged.
Shares issued to Crucible are
subject to a hold period in Canada of four months from the date of
their issuance. Additional United States resale restrictions may
apply.
About Crucible
Capital Group, Inc.
Headquartered in New York
City, Crucible Capital Group provides comprehensive investment
banking services to micro- and small-cap companies in the United
States and internationally. The firm is distinguished by the
experience of its principals and their proven track record of
successful engagements. Crucible Capital Group is a
FINRA-registered broker/dealer and a
SIPC member firm.
About Nevada Clean
Magnesium, Inc.
Nevada Clean Magnesium is
focused on becoming a major U.S. producer and distributor of
primary, high grade, low cost magnesium extracted from its 100%
owned Tami-Mosi property located in North Central Nevada. Based on
the Company's NI 43-101 Preliminary Economic Assessment Report
published in late 2011, the Tami-Mosi Project has an inferred
resource of 412 million tonnes with an average grade of 12.3% Mg
for a contained metal content of 111 billion pounds of magnesium
using a 12% cut-off grade contained within a high purity dolomite
block. This document was selected for reviewed by the BCSC. The
BCSC has advised that the Preliminary Economic Assessment and
Technical Report of the Tami-Mosi Magnesium Project dated
Septemeber 15, 2011 (the "Technical Report") does not comply with
the requirements of National Instrument 43-101 "Standards of
Disclosure for Mineral Projects" in certain areas and as a result
the Company hereby advises that readers are cautioned not to rely
on the disclosure contained in the Technical Report or on any
information based upon that Technical Report until the Company has
resolved the comments raised by the BCSC. The Company is currently
in the process of preparing an amended technical report and does
not anticipate any difficulty in addressing the comments raised by
the BCSC. The amended technical report will be posted on the
Company's SEDAR profile once complete For more information, please
visit www.nevadacmi.com.
Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Forward Looking
Statements
Statements in
this news release that are not historical facts are forward-looking
statements that are subject to risks and uncertainties.
Forward-looking statements in this news release include statements
about the closing a joint venture and private placement.
Actual results may differ materially from
those currently anticipated due to a number of factors, including
that we may not be able to agree on final terms with a financier or
joint venture partner that ScanMag introduces, ScanMag may not be
successful in securing investors or joint venture partners, that
the Company's dolomite reserves may not mined because of technical, regulatory, financing or
other obstacles, the market price for magnesium may make our
resources uneconomic, and other risks associated with being a
mineral exploration and development company. These forward-looking
statements are made as of the date of this news release and, except
as required by applicable laws, the Company assumes no obligation
to update these forward-looking statements, or to update the
reasons why actual results differed from those projected in the
forward-looking statements.
CONTACT
INFORMATION:
Hanover|Elite
Kathy Addison, Chief
Operating Officer
Phone: 407-585-1080
Email: NVM@hanoverelite.com
SOURCE: Nevada Clean Magnesium, Inc.
Nevada Clean Magnesium Inc. (TSXV:NVM)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Nevada Clean Magnesium Inc. (TSXV:NVM)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024