TSX: PFN OTCBB: PAWEF Frankfurt: P7J
VANCOUVER, Jan. 12 /CNW/ - Pacific North West Capital Corp. (TSX: PFN; OTCBB: PAWEF; FSE: P7J.F) ("PFN","Company") is pleased to announce it has retained the services of AGORACOM Investor Relations ("AGORACOM") (http://www.agoracom.com) to provide online investor relations services, a Web 2.0 social network for current shareholders and Tier-1 awareness through the world's biggest websites for the purpose of attracting new shareholders.
ONLINE INVESTOR RELATIONS MAXIMIZES SPEED, TRANSPARENCY AND ACCESS TO
In response to overwhelming data representing the online research and communications habits of small-cap investors, PFN has turned the primary focus of its investor relations to the web via the AGORACOM system to facilitate faster, better and more accessible communications with both current and prospective shareholders around the world.
Effective immediately, a customized and monitored PFN IR HUB will be available on AGORACOM at (http://agoracom.com/ir/pacific). The IR HUB will allow Pacific North West Capital to communicate with all investors simultaneously, anytime and in near real-time. This HUB will provide PFN's Management with the ability to extend communications beyond text via audio messages, video presentations, webcasts and podcasts. In addition to traditional e-mail, investors will also have the ability to receive all communications via RSS feed.
THE "AGORACOM 100"
On January 19th, 2009 AGORACOM launched a Canadian TV, web and search engine marketing campaign to drive small-cap investors to the "AGORACOM 100", an elite and exclusive group of great Canadian small-cap companies in which FAU will be included. This marketing campaign will target main stream media including daily spots on BNN, CNBC TV, Bloomberg TV, Globe & Mail's GlobeInvestor.com, Google, Yahoo!, MSN, AOL, Facebook, AGORACOM and an array of other Tier 1 properties.
LAUNCH OF PACIFIC NORTH WEST CAPITAL CORP. COMMUNITY
The PFN IR HUB propels the Company into the forefront of Web 2.0 community building by providing investors with two very important functions. First, a monitored discussion forum for the purposes of constructive and high-quality discussion amongst investors that is free of spam, profanity and misinformation. Second, a social network that provides investors with the ability to create extensive profiles that include photos, bios, video messages to fellow investors, a rating system and other important items to create a closer bond between our shareholders.
TIER-1 EXPOSURE AND AWARENESS
As an exclusive provider of "Small-Cap Centers - Powered by AGORACOM" to Globe Investor, Yahoo Finance Canada, AOL Finance Canada and every Blackberry device on the planet, AGORACOM will provide Tier-1 financial coverage of all newsworthy Pacific press releases for the purposes of attracting new and prospective shareholders.
PFN President & CEO Harry Barr states, "I believe the time has now come to significantly increase our communications with both existing shareholders and the massive online small-cap community of investors that are searching for their next great investment. I strongly encourage our shareholders to begin taking advantage of our new online IR system, which demonstrates we are a fully accessible organization."
For all future PFN investor relations needs, investors are asked to visit our IR Hub at http://agoracom.com/ir/pacific where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors.
The terms of the agreement are as follows: Duration - 12 months Monthly Cash Compensation - $6,000 plus GST with the option to renew for an additional 12 months. AGORACOM also wishes to disclose the ownership of 360,000 shares of PFN.
AGORACOM Investor Relations (http://www.AgoracomIR.com) is North America's largest online investor relations firm for small-cap companies. We have partnered with the world's biggest internet companies, including Yahoo, Globe Investor, AOL, Google and Blackberry to market our clients to a massive audience of new small-cap investors. We have served over 300 companies since 1997.
AGORACOM Investor Relations has displaced the telephone and e-mail as primary IR communications devices. Our IR HUB delivers two-way investor relations in near real-time that is 24/7/365 accessible to shareholders around the world and goes far beyond text by offering both audio and video communications.
AGORACOM (http://www.Agoracom.com) is North America's only small-cap community built to serve the needs of serious small-cap and micro-cap investors. No rumors, profanity, stock bashing or hyping. Our traffic ranking is above the top 0.5% of all websites around the world.
About Pacific North West Capital Corp.
Pacific North West Capital Corp. is a mineral exploration company focused on platinum group metals (PGM), precious and base metals. Management's corporate philosophy is to be a project generator, explorer and project operator with the objective of option/joint venturing projects with major mining companies through to production. PFN is well funded, has an experienced management team and has the ability to take advantage of the tremendous acquisition opportunities presented by current market conditions. The Company's focus is to acquire advanced stage precious metals projects and to continue to expand its PGM and base metals division.
River Valley, Platinum Group Metals Project, Ont.
- One of only two primary PGM discoveries in North America in the past
- 50:50 Joint Venture with Anglo Platinum Ltd.
- Anglo Platinum provides all funding, PFN is operator
- $23M in exploration since 1999
- Current 43-101 resources total 1.3M oz Pd, Pt, Au
30.5 MILLION TONNES CONTAINING 953,900 OZ OF PALLADIUM (0.97 G/T) 329,500
OZ OF PLATINUM (0.34 G/T) 59,500 OZ OF GOLD (0.061 G/T)
- Primary PGM deposit
- 70 km from Sudbury, the largest Ni-Cu-PGM mining and smelting complex
- Sudbury has produced 70 million ounces as a by-product Pt, Pd and Au
- Excellent local infrastructure
2009-2010 Program in Progress
- $250,000 Budgeted program to be completed
- Planning 2010 budget and program
- Geochemical study underway to develop genetic model and define
exploration strategy for high grade ore
- Palladium, up more than 150% since its 2008 low, has a robust outlook
- Study will include evaluation of a full suite of PGM including
Rhodium to improve economic modeling
- Rhodium demand currently depressed but will recover with auto sector
- Rhodium has the potential to significantly enhance economics of River
Destiny Gold Project:
- Joint Venture with Alto Ventures
- High grade gold including 44.39 g/t (1.56 ounces/ton), 39.5 g/t (1.39
ounces/ton) and 20.6 g/t (0.72 ounces/ton) across 0.5m intersected in
wide shear zones
- Open along strike and at depth
- Phase I 5000 meter diamond drill program completed
- Phase II drill program slated for early 2010
Rock and Roll Polymetallic Project:
- 2009 drill highlights include intersections up to 1.31 g/t gold,
296.2 g/t silver, 0.46% copper, 1.25% lead, and 3.99% zinc over 3.14
meters in drill hole RR09-107
- Initial re-sampling of historic core confirms original assay data
- Numerous airborne geophysical anomalies remain to be tested
- Additional core sampling planned to provide basis for updated
- Planning for expanded 2010 exploration program and phase II drilling
Majority Shareholder in Fire River Gold ("FAU")
- PFN sold the Nixon Fork Gold mine in July 2009 for a 500% gain and
will participate in the upside of the Nixon Fork Gold Mine through
its majority ownership of FAU
- PFN was issued 6.5 Million shares of FAU on Sept. 2009 and was paid
approximately US $1Million within six months
- The Nixon Fork Gold Mine is a fully permitted and bonded mine, which
management of FAU plans to put back into production within the next
- Over US$100 Million has been spent to date on the mine, Mill, and
- Previous production averaged over 40 grams per ton and additional
credits of copper and silver
New PGM Acquisition Focus:
1. Under funded advanced stage projects
2. Projects with demonstrated resource
3. Continued aggressive stance on PGM exploration and development in
North America and a new focus in South Africa
- Southern Africa
Management & Consultants:
Harry Barr Richard Goodwin Ali Hassanalizadeh
President & CEO - P.Eng VP - MSc. MBA Senior Geologist
of Engineering /Project Manager
Chris Davies-B.Sc, John Royall - B.Sc. Curt Freeman - M.Sc.,
(Hon) P. Eng (Hon) P.Eng. P.Geo. Technical Consultant
Technical Consultant Technical Consultant
About the International Metals Group
The International Metals Group (IMG) is an organization of professionals with a wealth of experience in all aspects of the mining industry.
Our group consists of a brain bank of project acquisition, exploration and development professionals, including dedicated CEOs, geologists, engineers, corporate finance, investor relations experts, corporate management, public company administrators, and regulatory and government affairs specialists. The companies within the group are able to share resources, costs and expertise, which provides a significant advantage in comparison to individual public companies.
For further information on the International Metal Group Companies, please visit:
On behalf of the Board of Directors, I look forward to keeping you updated with our corporate developments.
President & C.E.O.
On behalf of the Board of Directors
President and CEO
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
SOURCE Pacific North West Capital Corp.
For further information: For further information: Investor Relations Department at Toll Free 1-800-667-1870