VANCOUVER, March 21 /CNW/ - North American Gem Inc. (TSX-V symbol: NAG)
is pleased to announce it has retained the services of The Richmond Club Corp.
("Richmond Club") of Toronto, Canada, to provide investor relations services
for the Company, subject to TSX Venture Exchange approval.
The Richmond Club is a media company that showcases 3-4 companies that it
feels, have an excellent chance of out-performing the market over a 1-2 year
period, at its monthly luncheon meetings. These companies are showcased to The
Richmond Club's 612 members, through its website and at investor luncheon
meetings. Richmond Club members are a mixture of brokers, fund managers
analysts and high net-worth investors. Monthly luncheon meetings are held in
Toronto at the National Club, at Bay & King Street and are free of charge to
brokers, fund managers, analysts and high net-worth investors. Richmond Club
will receive a monthly fee of $1,450 and will be granted 196,000 stock options
vesting 25% now and every three months during the first 12 months at an
exercise price of $0.18 per share. The term of the investor relations contract
with the Richmond Club is one year.
About North American Gem Inc. North American Gem Inc. (TSX-V symbol: NAG)
is a junior exploration Company based in Western Canada. The Company's primary
goal is to explore for Uranium, Molybdenum, Gold, Copper and other base
metals. The Company is actively pursuing several opportunities, including the
Louise Lake copper-gold-molybdenum-silver deposit located in British Columbia,
Canada. The Company is also pursuing its uranium projects, consisting of the
Whiskey Gap, Del Bonita, Western Basin, and Bonny Fault projects, all located
in Alberta, Canada. In addition the Company is also pursuing its Mosquito
Gulch uranium property located in the North West Territories.
On Behalf of the Board of Directors
NORTH AMERICAN GEM INC.
President and Director
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. Statements in
this press release other than purely historical information, historical
estimates should not be relied upon, including statements relating to the
Company's future plans and objectives or expected results, are forward-looking
statements. News release contains certain "Forward-Looking Statements" within
the meaning of Section 21E of the United States Securities Exchange Act of
1934, as amended. Forward-looking statements are based on numerous assumptions
and are subject to all of the risks and uncertainties inherent in the
Company's business, including risks inherent in resource exploration and
development. As a result, actual results may vary materially from those
described in the forward-looking statements.
For further information:
For further information: Phone (604) 683-5445, Facsimile (604) 687-9631,