TSX-V Approves the Haft Group of New York
VANCOUVER, BRITISH COLUMBIA / TheNewswire / January 4th, 2016 - Nevada Clean Magnesium Inc.. (TSXV: NVM; Frankfurt-M1V; OTC Pink Sheets: MLYFF) (The "Company") today announced that it has received approval from the TSX Venture Exchange for the engagement of The Haft Group of New York, NY ("HG") for consulting services to NCM.
The HG contract duration is six months at a total cost of $9000 USD and renewable for an additional six month term on the same basis if approved by both parties. If agreed by both parties, the Company will reimburse HG for its reasonable out-of-pocket and travel expenses.
HG will assist NCM in transmission of information to the US investment community, keeping NCM's target audience informed of news and significant corporate developments. HG will also assist the Company in initiating contact and communicating with brokers, analysts, corporate sources, private investors and other financial professionals. Activities will include building the investor database, developing a communications strategy focused on increasing and maintaining company awareness, dissemination of corporate information packages. The engagement is aimed to reach out to the HG's proprietary network and the broader investment community.
About The Haft Group
The Haft Group is an established investor and financial public relations company serving private and publicly traded companies with a focus on micro, as well as small and mid-cap equities, who are operating "below the radar screen of public awareness". These firms benefit from financial market counseling, sponsorship and exposure, targeted at influential brokers, analysts, corporate sources and private investors, contacts that HG has developed over many years.
About Herbert Haft
Mr. Haft has over 35 years specializing as a consultant for public, press and investor relations representing a wide variety of private and publicly-traded companies. As founder and president of HG, Mr. Haft has represented both United States and Canadian public companies in industries ranging from natural resources, to medical and industrial companies.
His business career also includes serving as senior vice president-public relations for the then Warner Communications, and earlier, director of public relations for Esquire and GQ Magazines and executive vice president of Artists Entertainment Complex (OTC). He was also a spokesman/interviewer for a TV public affairs show. Mr. Haft, a graduate of Syracuse University and Yale Graduate School, has served on the board of directors of several public companies. He is a founder of The Albert Einstein College of Medicine, in New York.
Commenting on the current trends in investor and public relations, Mr. Haft notes, "Far too many emerging public companies with compelling strategies are not receiving the appropriate attention they deserve within the increasingly more competitive and volatile financial marketplace. To be a viable public company, smaller equities, especially with caps under 500 million, must utilize all means available to reach those investors--both professional and individual--to tell their story effectively and economically to appropriate 'niche' audiences."
About Nevada Clean Magnesium, Inc.
Nevada Clean Magnesium is focused on becoming a major U.S. producer and distributor of primary, high grade, low cost magnesium metal extracted from its 100% owned Tami-Mosi property located in North Central Nevada. Based on the Company's NI 43-101 Preliminary Economic Assessment Report published in September 2011 and amended in July 2014, the Tami-Mosi Project has an inferred resource of 412 million tonnes with an average grade of 12.3% Mg for a contained metal content of 111 billion pounds of magnesium using a 12% cut-off grade contained within a high purity dolomite block. For more information, please visit www.nevadacmi.com.
This news release was reviewed by James Sever, P. Eng. a qualified person recognized under NI 43-101.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate," "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Actual results may differ materially from those currently anticipated due to a number of factors, including the Company's dolomite reserves may not be mined because of technical, regulatory, financing or other obstacles, the market price for magnesium may make our resources uneconomic, and other risks associated with being a mineral exploration and development company. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. These forward-looking statements are made as of the date of this news release and, except as required by applicable laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.
To Reach Nevada Clean Magnesium Please Contact:
Edward Lee, CEO at (604) 210-9862
For additional information please visit our website at http://www.nevadacmi.com or view our profile at http://www.sedar.com.
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