VANCOUVER, BRITISH COLUMBIA - Nelson Baker, President and CEO of Mineral Mountain Resources Ltd. (“Mineral Mountain Resources” or the “Company”) (TSX VENTURE:MMV - News), is pleased to announce the engagement of Kin Communications, (“Kin”) to assist with the Company’s investor relations efforts.
Kin Communications is a Vancouver based, full service investor relations firm specializing in resource companies. Kin will assist Mineral Mountain Resources in creating communication and marketing strategies and building relationships with finance professionals, investors and media contacts. Kin’s current roster of clients has a combined market capitalization of over $2B.
Mineral Mountain Resources will pay Kin Communications a fee of $7,500 per month and will issue Kin 350,000 stock options of the Company at a minimum of $0.30 per share over a period of 60 days. The options are exercisable for a period of three years and in accordance with the TSX Venture Exchange policies, 25% of the options will vest each quarter from the date of grant. The options are subject to regulatory and shareholder approval. The agreement with Kin has an initial term of 12 months and is subject to regulatory approval.
Mineral Mountain would also like to announce the grant of 1,550,000 stock option to employees, directors and consultants. These options are at a price of $0.30 and are exercisable for a period of three years, subject to TSX Venture Exchange policies.
About Mineral Mountain
Mineral Mountain intends to become a significant explorer and developer of precious metals with a particular focus on gold and silver. Our business model is based on a strong management team and strategic partnerships. Right from the onset, our strategy has been to build an experienced, well-balanced management team with expertise in finance, business management, exploration and later mining. Our strong management has led us to an initial solid financial position with a healthy treasury allowing us to grow the Company through exploration and project acquisitions.
MINERAL MOUNTAIN RESOURCES LTD.
Nelson W. Baker, President and CEO
This release includes certain statements that may be deemed to be “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, including without limitation, the Copper Hill transaction, the Unit Offering and the FT Offering, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “could” or “should” occur. 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 may differ materially from those in forward looking statements. Factors that cause the actual results to differ materially from those in forward-looking statements include gold prices, results of exploration and development activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, continued availability of capital and financing and general economic, market or business conditions. The Company cautions the foregoing list of important factors is not exhaustive. Investors and others who base themselves on the Company’s forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. The Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. Please see the public filings of the Company at www.sedar.com for further information.
Neither TSX Venture Exchange 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.
Mineral Mountain Resources Ltd.