03:29:44 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Quantum Rare Earth Developments Corp
Symbol QRE
Shares Issued 69,880,978
Close 2010-12-20 C$ 0.46
Market Cap C$ 32,145,250
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Quantum Rare Earth names First Cdn Capital for IR work

2010-12-21 07:33 ET - News Release

Mr. Peter Dickie reports

QUANTUM HIRES FIRST CANADIAN

Quantum Rare Earth Developments Corp. has retained First Canadian Capital Corp. as a consultant to provide strategic marketing and investor relations services. First Canadian will introduce the company to private investors, analysts, brokers, money managers and other financial professionals, and will generate market awareness for Quantum as it advances its Elk Creek carbonatite project in southern Nebraska and Archie Lake project in Saskatchewan.

Under the terms of the agreement, Quantum will pay First Canadian $6,000 per month for a 12-month initial term (with a right of termination by either party after six months) and grant 400,000 stock options for a period of two years at an exercise price of 50 cents per share, with vesting in accordance with TSX Venture Exchange policies and the company's stock option plan.

Peter Dickie, president of Quantum, commented: "We are pleased to have First Canadian work with us to increase the exposure of Quantum to the financial markets and also increase awareness of our exploration activities and programs in Nebraska, Saskatchewan and Australia. We chose First Canadian based on their professional standards and their track record of successfully assisting other resource companies with effective investor relations plans and strategies."

About First Canadian Capital

Based in Toronto and in the investor relations business for 13 years, First Canadian Capital has assisted numerous North American corporations in gaining exposure and recognition within the global investment community.

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