VANCOUVER, June 24, 2013 /CNW/ - Prima Fluorspar Corp. (TSX-V: PF) ("Prima" or the "Company") is pleased to announce that it has entered into an agreement with
FronTier Merchant Capital Group ("FronTier") to provide financial
market consulting services to the Company as of June 15, 2013.
ABOUT FRONTIER MERCHANT CAPITAL GROUP
FronTier is a merchant capital group that consults with its clients to
determine their most pressing corporate issues and help them reach
their goals using strong industry contacts and unique services. As a
committed partner, FronTier Merchant Capital Group will work with Prima
to define an incentive program which is aligned with reaching its both
long and short term corporate goals. FronTier will assist Prima in
developing quality company information and project updates to support
potential investors in making more educated investment decisions.
FronTier only introduces Prima to those institutional network companies
that meet Prima's criterion based on its proprietary profiling methods.
FronTier will receive $5,000 per month for twelve months. The contract
may be terminated by either party with 10 days' notice after twelve
months. FronTier will also receive 250,000 incentive options at an
exercise price of $0.10 valid for 5 years.
ABOUT PRIMA FLUORSPAR
Prima is delineating their historic Liard Fluorspar Resource*, easily
accessible on 22,500 ha (55,000 acres) of 100%-owned claims in British
HIGHLIGHTS ABOUT PRIMA'S HISTORIC PROJECT AND RESOURCE*
3.2 million tonnes at an average grade of 32% fluorspar*
Mineralization at surface, pit mining potential
30 km strike length
Metallurgical Testing: 97% CaF2*
22,500 ha (55,000 acres), 100%-owned claims
Easy access, on Alaska Highway in British Columbia
No fluorspar mines in Canada or USA
Primary uses: Refrigeration, aluminum and steel smelting, consumer products like Teflon® and GORE-TEX®, medicines, cement, and
$2.4 billion/annum market
Major North American Purchasers: Chemical Companies - Dupont, Honeywell;
Aluminum Producers: Rio Tinto Alcan (Kitimat)
For more information about Prima please visit: http://primafluorspar.com/
Please feel free to contact me at any time email@example.com or at 604-681-1568. I look forward to hearing from you.
ON BEHALF OF THE BOARD
PRIMA RESOURCES CORP.
President and CEO
Disclaimer for Forward-Looking Statements
Statements in this news release that are not historical facts are
forward-looking statements that are subject to risks and
uncertainties. Words such as "expects", "intends", "plans", "may",
"could", "should", "anticipates", "likely", "believes" and words of
similar import also identify forward-looking statements.
Forward-looking statements in this news release include statements
about the potential of the property to become a major fluorspar
producer. Actual results may differ materially from those currently
anticipated due to a number of factors beyond the Company's control.
These risks and uncertainties include, among other things, the risks
associated with being a mineral exploration 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
Prima Fluorspar Corp. has not undertaken an independent verification to
classify the historic resource estimate quoted from a Mineral Potential
Compilation Report for the BC Department of Economic Development,
written by Wright Engineers Limited and H.N. Halvorson Consultants
Ltd., in January 17, 1975 as a current mineral resource. Neither has
Prima independently verified the results of the previous exploration
work. Therefore, the historical mineral resource should not be relied
upon, but the issuer believes the information to be relevant and
reasonably reliable. An unknown quantity of the 3.2 million tonnes is
on mineral claims outside of the current Liard Fluorspar Property.
However, based on the information available, the majority of the
estimate is based on the deposits located on Prima's Liard Fluorspar
Property. The key assumptions, parameters and methods of the resource
estimate are unknown at this time. New deposit definition drilling is
needed to develop a current resource estimate on the property. Prima
believes that these historical mineral resources provide a conceptual
indication of the potential of the property and are relevant to ongoing
SOURCE: Prima Fluorspar Corp
For further information:
President and CEO