Affinor Resources (CSE:AFI, StockForum), a Montreal Quebec-based mineral exploration firm with various wholly-owned and interest-only mineral properties in Quebec, announced today that the company had signed Momentum Public Relations to increase market awareness, provide investor relations services and generate strategic business development.
According to the news release, the agreement is to last 12 months with Momentum receiving a monthly consultant fee of $5,000 plus 420K incentive stock in Affinor at an exercise price of $0.10 for up to five years.
The transaction is still subject to regulatory approval.
Affinor was in the news recently when the company appointed a new director at the end of February.
Shares shot up 240.00% on the news to $0.17 per share and bullboarders were wondering what was behind the huge volume shift.
Currently there are 35.4m outstanding shares with a market cap of $6.0 million.