GREY:AXXDF - Post by User
Post by
razzsson Mar 11, 2011 5:38pm
161 Views
Post# 18273749
NEWS Release...
NEWS Release...Alderon Retains Renmark Financial Communications
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 11, 2011) -
Alderon Resource Corp. (TSX VENTURE:ADV)(OTCQX:ALDFF) ("Alderon") announces that it has signed an Investor Relations Agreement with Renmark Financial Communications Inc. ("Renmark") to act as Investor Relations consultants to Alderon.
"We are pleased to announce that we have selected Renmark to reinforce Alderon's profile in the financial community and enhance the visibility of our project portfolio. We chose Renmark because its standards and methodologies fit best with the message we wish to communicate to the investing public," noted Mark J. Morabito, President and CEO of Alderon.
Renmark is a privately held company, based in Montreal, Quebec, and provides financial services, investor relations and other marketing services to public companies. Renmark and Alderon are at arms-length to one another. Renmark does not hold or have the right to acquire an interest, directly or indirectly in Alderon. Renmark will provide investor relations services including, but not limited to, communicating with investors and potential investors. Renmark will not provide market making services.
In consideration of the services to be provided, Renmark will be paid a monthly fee of $3,000 per month. The agreement is on a monthly basis and may be terminated by Alderon at any time by providing 30 days written notice to Renmark.
About Alderon
Alderon is a leading iron ore exploration and development company in Canada. The Kami Project is located within an existing iron ore district and is surrounded by producing iron ore mines. The Alderon team is comprised of skilled professionals with significant iron ore expertise to advance Kami towards production.