Jasper Mining Corporation Announces Investor Relations Agreement
CALGARY, June 8, 2011 /CNW/ --
Trading Symbol: TSX-V: JSP
CALGARY, June 8, 2011 /CNW/ - Jasper Mining Corporation (the 'Company')
(TSXV: JSP) is pleased to announce that it has entered into an investor
relations agreement with Beaumont Capital Corp. of Calgary, Alberta
('Beaumont'). Beaumont currently owns 300,000 common shares of the
Company and holds 50,000 common share purchase warrants. Under the
terms of the Investor Relations Agreement, Beaumont will elevate the
Company's market awareness, investor relations and corporate
communication activities. The services will include providing investor
communication, corporate communication, public relations support and
information about the Company to shareholders and qualified investors.
The consulting Agreement does not require Beaumont to conduct
market-making activities.
Under the six (6) month Agreement (extendible in three (3) month terms),
Beaumont is to receive $5,000 per month, be reimbursed for related
expenses, and has been granted stock options to purchase up to 300,000
shares of the Company at an exercise price of $0.26 per share for a
term of three years expiring on June 2, 2014. The stock options will
vest as to 25% of the total options granted in three months, with a
further 25% of the options each three months thereafter. In the event
of the termination of the Agreement, all options would be cancelled
after 30 days.
The consulting agreement, the payment of the cash fee and the issuance
of stock options are subject to the approval of the TSX Venture
Exchange.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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Gordon F. Dixon, Q.C., President, Jasper Mining Corporation
Telephone: (403) 297-9483 Fax: (403) 266-1487
Email: gdixon43@telus.net