Josephine Mining Corp. Engages CHF Investor Relations
October 06 2011 - 7:03PM
Marketwired
Josephine Mining Corp. ("Josephine" or the "Company") (TSX
VENTURE:JMC) is pleased to announce that it has engaged CHF
Investor Relations, effective immediately. CHF is a highly regarded
Canadian investor relations firm headquartered in Toronto and
operating under the same management for the past eighteen
years.
"Our financial and technically experienced management team is
making strides on the ground to fast-track the Turner Gold Project
which could begin production in first quarter 2014. We look forward
to working with CHF to leverage their vast experience and close
ties with the investment community to benefit JMC, the Turner Gold
Project and our shareholders," commented Robert Russell,
Josephine's President and CEO.
Subject to TSX Venture Exchange approval, the agreement for
investor relations services is for a twelve-month term, subject to
a performance review after six months and may be extended by up to
one year. Under the terms of the agreement, fees to CHF are $6,000
per month and eligible expenses will be reimbursed. As part of this
agreement, CHF will be granted a total of 300,000 options premium
priced; however, under the Company's Stock Option Plan only 150,000
are currently available to grant. Therefore, CHF has been granted,
subject to regulatory approval, 100,000 JMC options at an exercise
price of $0.70 and 50,000 options at an exercise price of $1.00,
which will vest no more than 25% in each successive three-month
period, to expire in three years. All options granted will be
cancelled 30 days after investor relations services are
terminated.
Prior to the grant of options, CHF had no direct or indirect
interests in the Company or its securities.
About CHF Investor Relations
CHF's effectively acts as the public Company's outsourced,
low-cost equivalent to an internal investor relations department.
CHF serves an international portfolio of TSX, TSX Venture and
CNSX-listed companies that operate in a broad range of industries
including mining exploration and production, oil & gas,
renewable energy, industrial services, high-tech, biotech, and
consumer products. CHF's depth of capital market experience is
formidable dating back to the late 1970's. Its head office is in
Toronto, with another Canadian office in Calgary, and satellite
offices in New York, Sao Paulo and Shanghai.
About Josephine Mining Corp.
Josephine's principal focus is the engineering design,
permitting, construction and operation of advanced stage mineral
projects, particularly precious metals and copper deposits in North
America and abroad. Its main focus is the Turner Gold Project in
Southwest Oregon. Turner is a substantially drilled advanced stage
Au/Cu-VMS deposit which is the subject of a 43-101 compliant
report. The Company's proven and experienced management team is
working towards a production target to begin in 2014.
For more information please visit our website at
www.josephinemining.com. To receive Company news by e-mail, contact
dominique@chfir.com with "Josephine news" as the subject line.
Neither the 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.
Contacts: Josephine Mining Corp. Robert Dumont Vice-President
(509) 343-3193 (509) 343 3194
(FAX)info@josephinemining.comwww.josephinemining.com CHF Investor
Relations Julia Clark Director of Communications (416) 868-1079
x236julia@chfir.com CHF Investor Relations Dominique Vaillancourt
Associate Account Manager (416) 868-1079 x237 (416) 868-6198
(FAX)dominique@chfir.comwww.chfir.com