SFF hires IR services.SFF is a very interesting company. They have entered into an IR agreement with Ubika Corporation to provide capital market exposure services. SFF has entered into a 2 year agreement (which seems to be different than most all other companies which usually enter into a 6 month test the water agreement, thus giving greater flexibility), however, instead of what appears to the norm of five to six thousand per month, they are only paying two thousand per month (interesting). Options are set at 25 cents (so basically at the money so they are going to have to work a bit to make money but no mention of vesting requirements - are there any, i.e. 1/4 per each 6 months or something like that).
An internet search reveals the following company which seems to be the one mentioned.
https://www.ubikacorp.com/index.htm
Ubika has produced reports for Allana Potash Corp, Rye Patch Gold, Northern Gold Mining, among others.
Does anyone know what kind of stroke these guys have, how big is their database of contacts, what are their channels of communication, etc.
Seafield hires Ubika to provide IR services
2010-09-28 17:00 ET - News Release
Mr. Dean Stuart reports
SEAFIELD ENGAGES INVESTOR RELATIONS PROVIDER AND ANNOUNCES GRANT OF OPTIONS
Seafield Resources Ltd. has accepted the engagement of Ubika Corporation as a consultant to provide capital market exposure services. Ubika's engagement commenced as of Sept. 28, 2010, and will extend for a two-year term. Thereafter, the engagement will be subject to automatic renewals unless either Seafield Resources or Ubika terminates the engagement upon giving the other party 30 days advance notice.
In consideration for Ubika's services, Seafield Resources will pay a monthly fee of $2,000 and will, subject to TSX Venture Exchange approval, grant to Ubika a stock option to acquire 280,000 common shares of the company at an exercise price of 25 cents per share expiring Sept. 28, 2012.