Ridgemont Enters Into Public Relations and Marketing Agreement
March 10 2011 - 6:04PM
Marketwired
Ridgemont Iron Ore Corp. (TSX VENTURE: RDG) ("Ridgemont") is
pleased to announce that, subject to regulatory approval, Ridgemont
has engaged the services of Grandich Publications LLC to provide
public and shareholder communications and marketing services.
Grandich Publications LLC provides corporate communications
services to public and private companies in North America and
specializes in the development and management of customized public
relations and marketing programs. The principal of Grandich
Publications LLC, Mr. Peter Grandich, is a long-standing member of
The New York Society of Security Analysts and The Society of
Quantitative Analysts and is the editor of The Grandich Letter,
first published in 1984.
Under the terms of the agreement, Ridgemont will pay Grandich
Publications LLC a monthly fee of US$2,000 and will grant 200,000
incentive stock options to Peter Grandich, managing partner of
Grandich Publications LLC. The options are exercisable at a price
of CDN$1.11 each, with such options vesting over a twelve month
period, and expiring on the 9th day of March, 2016. The agreement
is for an initial term of 12 months. The agreement is subject to
regulatory approval and all terms are subject to and in accordance
with the rules of the TSX Venture Exchange.
About Ridgemont
Ridgemont is an exploration and development company in Canada
and has an option to acquire up to 75% interest in the Redford iron
ore property located 22 kilometres northeast of Ucluelet, in the
Alberni Mining Division, Vancouver Island, British Columbia.
RIDGEMONT IRON ORE CORP.
On behalf of the Board
Mark J. Morabito, President & CEO
Information set forth in this news release may involve
forward-looking statements under applicable securities laws.
Forward-looking statements are statements that relate to future,
not past, events. In this context, forward-looking statements often
address expected future business and financial performance, and
often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or
event "may", "might", "could", "should", or "will" be taken or
occur, or other similar expressions. All statements, other than
statements of historical fact, included herein including, without
limitation; statements about the production potential of the
Redford iron ore property are forward-looking statements. By their
nature, forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements, or other future events, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include, among others, the following
risks: the need for additional financing; operational risks
associated with mineral exploration; fluctuations in commodity
prices; title matters; environmental liability claims and
insurance; reliance on key personnel; the potential for conflicts
of interest among certain officers, directors or promoters with
certain other projects; the absence of dividends; competition;
dilution; the volatility of our common share price and volume and
the additional risks identified the management discussion and
analysis section of our interim and most recent annual financial
statement or other reports and filings with the TSX Venture
Exchange and applicable Canadian securities regulations.
Forward-looking statements are made based on management's beliefs,
estimates and opinions on the date that statements are made and
Ridgemont undertakes no obligation to update forward-looking
statements if these beliefs, estimates and opinions or other
circumstances should change, except as required by applicable
securities laws. Investors are cautioned against attributing undue
certainty to forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) has reviewed or accepts responsibility for the
adequacy or accuracy of this release.
Contacts: Ridgemont Iron Ore Corp. Mark Morabito President &
CEO 604-681-8030 604-681-8039 (FAX)
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