TORONTO, June 9 /CNW Telbec/ - Xmet Inc. (TSX-V: XME) ("Xmet") is pleased to announce that it has retained the services of Renmark Financial Communications Inc. ("Renmark") to handle its investor relations activities, including, among other things, creating financial market and investor awareness for Xmet among institutional and retail investors. Renmark is a Montreal and Toronto based company with over 12 years of experience in providing consulting and financial communication services for Canadian listed companies.
"We are pleased to announce that we have selected Renmark to reinforce Xmet's profile in the financial community and enhance the visibility of our project portfolio. We choose Renmark because its standards and methodologies fit best with the message we wish to communicate to the investing public," noted Alexander Stewart, Chief Executive Officer of Xmet.
Xmet and Renmark have entered into a 12-month agreement effective June 9, 2010, pursuant to which Renmark will be paid $7,000 per month.
Renmark Financial Communications does not have any interest, directly or indirectly, in Xmet Inc. or its securities, or any right or intent to acquire such an interest.
About Xmet Inc.
Xmet Inc., through its wholly-owned subsidiary Duquesne-Ottoman Mines Inc. ("Duquesne-Ottoman Mines"), carries out gold and resource exploration and development. Pursuant to the terms of a mining option agreement between Duquesne-Ottoman Mines and Duparquet Assets Ltd., Duquesne-Ottoman Mines can earn an option to purchase 75% of the common shares in the capital of Duparquet Assets Ltd, which legally and beneficially owns 20 claims (commonly referred to as Duquesne West) and 40 claims (commonly referred to as Ottoman) covering an area of 928.6 hectares located approximately 30 kilometres north of the city of Rouyn-Noranda and 10 kilometres east of the village of Duparquet within the townships of Duparquet and Destor in the Province of Quebec.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Xmet Inc.
For further information: For further information: Xmet Inc.: Alexander Stewart, Chief Executive Officer, (905) 997-5647, firstname.lastname@example.org; Tim Gallagher, Director, (416) 925-0090, email@example.com; Renmark Financial Communications Inc.: Maurice Dagenais, firstname.lastname@example.org; Christine Stewart, email@example.com; Media: Guy Hurd, firstname.lastname@example.org; (514) 939-3989, (416) 644-2020, www.renmarkfinancial.com