VANCOUVER, British Columbia,
Oct. 24, 2011 /PRNewswire/ --
Medallion Resources Ltd (TSX-V: MDL; OTCQX: MLLOF –
"Medallion" or the "Company") is pleased to announce that it has
engaged Hamza Thindal Capital Corp. ("Hamza
Thindal") to provide investor relations services to the
Company. Hamza Thindal is an established small-cap investor
relations firm based in Vancouver,
BC and has successfully demonstrated the ability to
articulate a company's unique value to the investment community and
strategic partners.
"We're looking forward to working with Hamza Thindal Capital as
part of our team," said Don Lay,
Medallion's President. "They are a group that understands how our
novel approach to the rare-earth marketplace provides an
interesting opportunity for their investor network."
The investor relations activities to be carried out on behalf of
Medallion include developing an investor relations and marketing
program, preparing and disseminating corporate data packages and
assisting the Company with broker presentations and broker
communications. The engagement is for a term of one year and
may be terminated by either party on 30-day written notice.
Medallion will pay a monthly fee to Hamza
Thindal of $5,000 per month
plus expenses incurred on behalf of the Company. Medallion
has also granted Hamza Thindal
200,000 incentive options to purchase shares of the Company at a
price of $0.155 per share, for a
period of five years. The options are subject to vesting at
25% after the first three months and 25% every quarter until fully
vested. Both the option and investor relations consulting
engagement are subject to the approval of the TSX Venture
Exchange.
About Hamza Thindal Capital Corp.
Hamza Thindal Capital Corp. is owned by Dr. Essam Hamza, MD and Mr. Kam Thindal. The firm works with junior
public and private emerging companies to provide Investor
Relations, capital-markets advisory and capital-raising services in
a variety of industries and sectors. For additional
information please visit: htcapitalcorp.com.
About Medallion Resources
Medallion is rethinking rare earths. Headed by Dr
Bill Bird and supported by a
first-class technical team, Medallion is well positioned to
identify and acquire the world's most promising rare-earth
opportunities. Medallion's strategy targets large deposits amenable
to straightforward low-cost mining and metallurgical processes that
lead to near-term rare-earth production and long-term supply. Rare
earths are used in critical components for virtually all computing
and mobile electronic products, as well as wind turbines, electric
and hybrid vehicles and strategic defense systems. More about
Medallion (TSXV: MDL; OTCQX: MLLOF; Frankfurt: MRD) can be found at
medallionresources.com.
Donald Lay, President or
Erica C Bearss MBA Manager, Corporate Communications at
604.681.9558 or info@medallionresources.com
Medallion Management takes full responsibility for content,
prepared this news release. The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or
accuracy of this release. Some of the statements contained in this
release are forward-looking statements, such as estimates and
statements that describe medallion's future exploration and
financing plans, objectives or goals, including words to the effect
that Medallion or management expects a stated condition or result
to occur. Since forward-looking statements address future events
and conditions, by their very nature, they involve inherent risks
and uncertainties. Actual results in each case could differ
materially from those currently anticipated in these statements.
Such risks include expectations that may be raised by discussing
potential acquisitions or exploration plans. Also, in order to
proceed with Medallion's exploration plans, additional funding is
necessary and, depending on market conditions, this funding may not
be forthcoming on a schedule or on terms that facilitate
Medallion's plans.
SOURCE Medallion Resources