TORONTO, June 28 /CNW/ - Aldridge Minerals Inc. (TSX-V: AGM) ("Aldridge" or the "Company") announced today that it has retained Profinnotiv AG ("Profinnotiv") to provide Aldridge with investor relations and public relations services in the European market.
Profinnotiv will leverage extensive relationships within the professional investment community to expand Aldridge's profile as well as to communicate with existing Aldridge stakeholders in Europe. The Company has a long history in Europe with strong investor support and a listing on the Frankfurt Stock Exchange.
"Beginning with our recent financing, sell-side research coverage and management changes, Aldridge has been working to re-engage the capital markets in Canada as we make progress with the further development of our properties," said Jacob Willoughby, President. "As we move forward with this strategy, we need to continue to recognize and interact with our strong shareholder base in Europe, who have been supporting us since our inception."
Under the terms of the agreement, Aldridge will pay Profinnotiv an annual fee of CAD $180,000 for select communication services. The contract term is 12 months with an option to terminate after an initial six month period, commencing immediately. In addition, the Company has granted Profinnotiv 250,000 options exercisable at $.67 per share. The options will expire five years from the grant date and are subject to the approval of the TSX Venture Exchange.
About Aldridge Minerals
Aldridge Minerals Inc. is focused on mineral opportunities in Turkey where the Company is conducting an ambitious exploration and development program at its flagship Yenipazar polymetallic VMS project. Aldridge has also identified several other prospective opportunities in Turkey and Papua New Guinea, and has amassed a large property position where a systematic exploration program is underway.
Neither 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 or accuracy of this release.
SOURCE Aldridge Minerals Inc.
For further information: For further information: Aldridge Minerals Inc., Jacob Willoughby, President and Director, (416) 558-4717, www.aldridgeminerals.com; The Equicom Group Inc., James Kitchen, (416) 815-0700 x 267 or Dave Feick, (403) 218-2839, www.equicomgroup.com; Profinnotiv AG, Manfred Goldbach, +41 (0) 43 - 317 88 22