Quantum Lists on Frankfurt Exchange, Hires AXINO
March 17 2010 - 9:20AM
Marketwired
Quantum Rare Earth Developments Corp. (TSX VENTURE: QRE)(FRANKFURT:
BR3) ("Quantum", the "Company") is pleased to announce that is has
commenced trading on the Frankfurt Stock Exchange ("FWB" -
Frankfurter Wertpapierboerse) in Germany under the trading symbol
"BR3".
Peter Dickie, CEO, said, "The listing on the Frankfurt Stock
Exchange is another milestone in the long term growth strategy of
our company. There is significant interest in Rare Earth projects
among European companies and investors, the listing will strongly
increase the Company's visibility and investor base within the
European market."
Quantum has, subject to regulatory approval, retained AXINO AG
to provide investor relations services. AXINO will present Quantum
in Germany and other European countries, disseminating investor
relations information and creating awareness of Quantum in the
European financial community.
AXINO will be responsible for maintaining timely contact with
Quantum's shareholders, potential investors and investment
community professionals. AXINO will receive compensation of 30,000
euros for an initial term of 12 months starting March 1, 2010, as
well as 300,000 incentive stock options under the company's 2009
stock option plan at an exercise price of 50 cents per share
exercisable for a period of two years. AXINO has advised Quantum
that it does not hold directly or indirectly any shares of Quantum
and that it do not have any right to acquire any shares.
"AXINO is pleased to introduce Quantum throughout the European
financial communities. We see this as an excellent opportunity for
Quantum to increase and diversify its shareholder base to include
both retail and institutional investors with differing investment
strategies," said Wolfgang Seybold, president and chief executive
officer of AXINO.
About AXINO AG
AXINO AG is a privately owned full-service investor relations
firm based in Stuttgart, Germany. It specializes in representing
resource sector companies that wish to obtain investor exposure and
develop a shareholder following in the European financial markets
with a special focus on the German-speaking financial communities.
AXINO's clients in the resource sector include; Agnico-Eagle Mines
Ltd., Endeavour Silver Corp., Monument Mining Ltd., Tiger Resources
Ltd., Yukon-Nevada Gold Corp. and others.
On Behalf of the Board,
Peter Dickie, President
"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."
Contacts: Quantum Rare Earth Developments Corp. Peter Dickie
President and CEO (604) 669-9330 (604) 669-9335 (FAX)
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