17:32:12 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Nevada Clean Magnesium Inc
Symbol NVM
Shares Issued 143,651,450
Close 2014-08-13 C$ 0.055
Market Cap C$ 7,900,830
Recent Sedar Documents

Nevada Clean extends IR contract with Hanover Elite

2014-08-14 12:06 ET - News Release

An anonymous director reports

NEVADA CLEAN MAGNESIUM EXTENDS HANOVER|ELITE AGREEMENT FOR INVESTOR AND PUBLIC RELATIONS SERVICES

Nevada Clean Magnesium Inc., further to its news announcement released on May 2, 2013, has amended its original service agreement with Hanover Elite, providing for the term of the service agreement to be extended through to Aug. 8, 2015. Pursuant to the service agreement, Hanove Elite serves as the company's investor and public relations counsel of record.

In consideration of the extension, Nevada Clean has agreed to pay Hanover Elite a monthly cash retainer fee of $12,500 commencing Aug. 1, 2014, and will issue Hanover Elite a total of one million options to acquire common shares of the company at an exercise price of six cents, exercisable for a period of two years from the date of issuance of such options. Nevada Clean and Hanover Elite have also amended the previous compensation payable under the original service agreement, which provided for the issuance of two million common shares. Under TSX Venture Exchange policy, the company is restricted from issuing such shares, and Hanover Elite has waived any right to receive such shares.

The service agreement, as amended, is subject to the approval by the TSX-V.

About Hanover Elite

Hanover Elite is a joint venture between Hanover International Inc. and Elite Financial Communications Group LLC, which have partnered to create an innovative model for merging and applying best industry practices in financial communications, corporate branding and awareness, regulatory compliance, and capital markets access and advisory.

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