Mr. Edward Lee reports
NEVADA CLEAN MAGNESIUM APPOINTS HANOVER ELITE AS NEW INVESTOR AND PUBLIC RELATIONS COUNSEL OF RECORD
Nevada Clean Magnesium Inc. has engaged Hanover Elite as the company's investor and public relations counsel of record.
Hanover Elite is a joint venture created by Hanover International Inc. and Elite Financial Communications Group, which have teamed to leverage their respective strengths, resources and spheres of influence in the global capital markets to create an innovative IR/PR model for merging and applying best industry practices in financial communications, corporate branding and awareness, regulatory compliance, and capital markets access services.
In collaboration with Nevada CMI's senior leadership, Hanover Elite is charged with developing, implementing and supporting a fully integrated corporate and shareholder communications platform for the company, as well as generating meaningful awareness among and measurable support from the retail and institutional investment communities for Nevada CMI, its compelling business plan and promising future growth potential. Jim Hock, co-managing partner of Hanover Elite, will lead the combined IR/PR teams and provide strategic counsel and direction to the company.
Nevada CMI has agreed to compensate Hanover Elite a monthly retainer of $5,000 for the first six months of the 12-month agreement and $10,000 per month for the following six months. In addition, Hanover Elite will be issued a total of two million shares of restricted common stock, issuable in quarterly instalments and in accordance with TSX Venture Exchange policies. The company has the right to terminate the agreement at any time, without any penalties, following the first 90 days.
Commenting on the appointment, Mr. Hock stated, "We are very pleased to have been selected to team with Nevada CMI and look forward to working closely with its leadership to win the company due attention and support for its well-defined business plan for earning distinction as a noted leader in the global minerals and mining industry by developing its magnesium opportunity."
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