TSX Venture Exchange: TME, Frankfurt Exchange: TQ1
TORONTO, Oct. 18 /CNW/ - Temex Resources Corp. (TSX Venture Exchange:
TME, Frankfurt: TQ1) ("Temex" or "the Company") is pleased to announce that 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, Temex 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 October 29th, a customized and monitored Temex IR HUB will
allow both the Company and AGORACOM to communicate with all investors
simultaneously, anytime and in near real-time. Our new IR HUB will also
provide management with an 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.
LAUNCH OF TEMEX COMMUNITY
The Temex 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 Centres - Powered by AGORACOM" to
Yahoo Finance Canada, AOL Finance Canada and Blackberry devices, AGORACOM will
provide Tier-1 financial coverage of all newsworthy Temex press releases for
the purposes of attracting new and prospective shareholders.
Temex President and CEO, Ian Campbell stated, "We are excited to be
working with AGORACOM 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 with a great story to
tell." Commented Bruce Durham, Executive Chairman of Temex, "We felt that our
increasing efforts to become one of the key explorers in the area of the
rapidly developing Noront Double Eagle Ni-Cu-PGE discovery should be better
communicated to the investing public. Our decision to work with AGORACOM
provides the investing public with a great set of real time and near real time
products that will significantly enhance our visibility as this exciting area
The Company has entered into an agreement with AGORACOM which has an
initial term of 12 months, beginning on October 17, 2007, pursuant to which
the monthly cash compensation of $CDN $3,000 per month is payable at the
beginning of each month. Additionally, the Company has granted to AGORACOM
options to acquire up to 225,000 shares in the common stock of Temex at $CDN
0.71 per share pursuant to the Company's stock option plan. This agreement has
been negotiated entirely at arm's length. AGORACOM other than as discussed
herein, has no interest, directly or indirectly, in Temex or its securities,
or any right or intent to acquire such an interest.
AGORACOM Investor Relations (http://www.AgoracomIR.com) is North
America's largest online investor relations firm for small-cap companies.
AGORACOM has partnered with the world's biggest internet companies, including
Yahoo, AOL, Google and Blackberry to market to clients to a massive audience
of new small-cap investors. AGORACOM is a privately held business based in
Toronto Ontario, and has served over 200 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
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 rumours, profanity, stock bashing or hyping. AGORACOM's traffic
ranking is above the top 1% of all websites around the world.
TEMEX has several active exploration projects in Ontario including
ongoing land acquisition and airborne geophysical surveying near the Noront
Double Eagle Ni-Cu-PGE discovery in the Webequie area, as well as several
surface exploration and diamond drill programs on its precious and base metals
Temex recently announced an update on its extensive activities and
progress in the area of and immediately adjacent to the Noront Double Eagle
Ni-Cu-PGE discovery in the McFaulds Lake area of northern Ontario. Claim
acquisition has now been completed under a joint venture with MacDonald Mines
Exploration Ltd. ("MacDonald") however staking continues with other parties. A
total of approximately 1500 claim units covering some 24,000 hectares were
acquired under the initial joint venture arrangement. In some instances the
claim boundaries are adjacent to the boundary of the Noront Double Eagle
Property and in other instances the claims are well removed from the main
Noront Property covering features thought to be geological environments
similar to the Noront Ni-Cu-PGE discovery.
Based on the significant drill results reported by Noront, Temex and
MacDonald have initiated an aggressive initial exploration program on these
extensive new properties consisting of a combination of ground and airborne
geophysical surveying followed immediately by diamond drilling. Airborne
geophysical surveying has commenced and geophysical crews and support staff
have been dispatched to the base of operations in the town of Webequie.
Compilation work suggests the claims acquired have never been subjected to any
previous exploration for Ni-Cu-PGE mineralization and for the most part the
properties have not been covered by any kind of modern magnetic and
electromagnetic geophysical survey. Limited available data indicates the
presence of geophysical targets similar in scope to the geophysical features
near the Double Eagle Ni-Cu-PGE discovery that warrant diamond drill testing.
The diamond drill equipment required for the program is already on site and it
is expected that drilling operations will commence in approximately two weeks.
Temex is conducting diamond drilling on its precious metals properties
located in northeastern Ontario, with drill results pending on recently
completed diamond drill programs on its Timmins Gold Project and on its Juby
JV Gold Property in Tyrrell Township. Surface exploration programs on both
projects as well as the Gowganda Silver project is ongoing in preparation for
additional diamond drilling later this year and early in 2008. Additionally,
Temex has just commenced a $1 million exploration program on its Merico Ethel
and Yarrow gold-copper-uranium properties located near Elk Lake in which
Uranium Star has an option to earn a 50% interest by funding 100% of the
exploration costs. A field program consisting of 5000 metres of diamond
drilling and an extension surface exploration program is underway.
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical facts that address future events or developments that
the Company expects to occur are forward-looking statements. Although the
Company believes the expectations expressed in such forward-looking statements
are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ materially
from those in the forward-looking statements. Factors that could cause actual
results to differ materially from those in forward-looking statements include
continued availability of capital and financing, and general economic, market
or business conditions. Investors are cautioned that any such statements are
not guarantees of future performance and actual results or developments may
differ materially from those projected in the forward-looking statements. For
more information on the Company, investors should review the Company's
continuous disclosure documents which are available under the Company's
profile at www.sedar.com.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Temex is a well-funded Canadian exploration company focused on advancing
its precious metal, diamond, nickel and uranium projects in Manitoba and
On behalf of the Board of Directors,
President and CEO
(*)The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release(*)
For further information:
For further information: please contact Ian Campbell or Bruce Durham at
(416) 862-2246 or visit the Company's website at www.temexcorp.com