SPOKANE VALLEY, WA, Oct. 6 /CNW Telbec/ - Revett Minerals Inc., ("TSX-RVM") ("Revett" or the "Company") announced today that it has retained the services of the Toronto based Buick Group for investor relations as part of its ongoing plan to increase awareness of the Company.
The retention of the Buick Group is the latest of the Company's recent initiatives taken over the past year to strengthen Revett's position and future outlook. During the last nine months, the Company has focused on corporate streamlining efforts; completing conversion of Revett Silver Class B shares for Revett Minerals common shares, restructuring US$4.3 million in debt and a reduction in production costs at the Troy Mine. These actions have allowed the company to place additional focus on strategic marketing initiatives which will significantly increase the visibility and awareness of Revett Minerals among the international investment and analyst community.
John Shanahan, President and CEO, stated "We are delighted to be working with Jonathan Buick, Dr. Michael Berry, and Christopher Tibbs. The timing is right and these individuals have a vast array of expertise and knowledge of the natural resource industry. We are confident that the The Buick Group, working with management, will enhance our investor relations strategies and increase shareholder value.
About the Buick Group
The Buick Group is a Toronto-based advisory firm that specializes in assisting emerging growth companies in achieving fair market value and strengthened brand recognition in the global financial markets. The firm provides business management services across several areas including strategic planning, equity raising and shareholder relations. The firm's signature approach as advisors provides management of companies with the freedom to focus on their strengths and core business activities, while The Buick Group establishes and carries out strategies for public relations, capital markets experience, brand building and brand awareness.
Revett Minerals, through its subsidiaries, owns and operates the currently producing Troy Mine and development-stage Rock Creek Project, both located in northwestern Montana, USA. The proven reserves at the Troy Mine and significant resources at the Rock Creek project will form the basis of our plan to become a solid mid-tier base and precious metals producer. Revett plans on expanding production through exploration in and around its current properties, as well as through targeted business combinations of advanced stage projects.
President & CEO
Except for the statements of historical fact contained herein, the information presented in this press release may contain "forward-looking statements" within the meaning of applicable Canadian securities legislation and The Private Securities Litigation Reform Act of 1995. Generally, these forward looking statements can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "is not expected", "budget", "plans", "schedule", "estimates", "forecasts", "intends", "anticipates", "or does not anticipate" or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward looking statements are subject to known and unknown risks, uncertainties and other factors. Reference is also made to those factors discussed in the section entitled "Risk Factors" in the Form 10-K filed on SEDAR at www.sedar.com and with the SEC on EDGAR. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Revett Minerals does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
SOURCE REVETT MINERALS INC.
For further information: For further information: Doug Ward, VP Corporate Development; Monique Hayes, Manager Investor/Corporate Communications, (509) 921-2294; www.revettminerals.com; The Buick Group: Jonathan Buick, (416) 915-0915, toll free 1-866-748-0914, email@example.com; www.buickgroup.com