Mega Retains Frontline Communications Investor Relations Inc.
Mega Precious Metals Inc. (MGP: TSX-V) ('Mega?) is pleased to
announce that, subject to regulatory approval, it has retained the
services of Leo Karabelas of Frontline Communication Investor Relations
Inc. ('Frontline?) of Toronto, Ontario, to provide various investor
relations consulting services for, and on behalf of, the Company in
connection with Mega′s interactions with media, broker-dealers,
securities advisors, investment funds and members of the investment
community. The agreement is for a period of twelve months subject to a
mutual review, after three months of the term of the agreement has
lapsed, at which time either party may terminate the agreement upon
written notice.
In consideration for such services, Mega has agreed to pay an aggregate
monthly fee of $5,000 plus HST and grant options for the purchase of a
total of 300,000 common shares at an exercise price of $0.69 per share
vesting quarterly over 12 months and expiring February 28, 2017.
The appointment of Mr. Karabelas is subject to the requisite filings
with and acceptance of the TSX Venture Exchange and applicable
securities laws. Frontline or its principals do not engage in market
making activities and will restrict its services to public relations and
investor relations counseling.
Mega Precious Metals Inc. is a well financed Canadian-based
mineral exploration company with several projects in Northwestern
Ontario, Manitoba and Nunavut. The Company is committed to an
accelerated growth strategy and is backed by a team of experienced
mining experts and a strong financial position. The Company is poised
for rapid expansion through quick response to new opportunities and
changes in the market. Mega′s common shares trade on the TSX Venture
Exchange under the symbol MGP.
For further information and presentation material, please review the
Mega website at www.megapmi.com
Forward-looking Statements
Certain statements in this press release relating to the Company′s
exploration activities, project expenditures and business plans are
'forward-looking statements' within the meaning of securities
legislation.The Company does not intend, and does not assume any
obligation, to update these forward-looking statements.These
forward-looking statements represent management′s best judgment based on
current facts and assumptions that management considers reasonable. The
Company makes no representation that reasonable business people in
possession of the same information would reach the same conclusions.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements.In particular,
fluctuations in the price of gold or in currency markets could prevent
the Company from achieving its targets. Readers should not place undue
reliance on forward-looking statements. More information about risks and
uncertainties affecting the Company and its business is available in
Mega Precious Metal′s filings which are posted on sedar at www.sedar.com.
There is no guarantee that drill results reported in this news
release will lead to the identification of a deposit that can be mined
economically, and further work is required to identify a reserve or
resource.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Shares Issued: 93,909,580
Mega Precious Metals Inc.
Jim Rogers, 807-766-3380
President
and Chief Executive Officer
ir@megapmi.com
