Alderon Retains Renmark Financial Communications
11 Mars 2011 - 11:40PM
Marketwired
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.
For more information on Alderon, please visit our website at
www.alderonmining.com.
ALDERON RESOURCE CORP.
On behalf of the Board
Mark J Morabito, President & CEO
Information set forth in this news release may involve
forward-looking statements under applicable securities laws.
Forward-looking statements are statements that relate to future,
not past, events. In this context, forward-looking statements often
address expected future business and financial performance, and
often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or
event "may", "might", "could", "should", or "will" be taken or
occur, or other similar expressions. All statements, other than
statements of historical fact, included herein including, without
limitation; statements about the development of the Kami Project
are forward-looking statements. By their nature, forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or
achievements, or other future events, to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include,
among others, the following risks: the need for additional
financing; operational risks associated with mineral exploration;
fluctuations in commodity prices; title matters; environmental
liability claims and insurance; reliance on key personnel; the
potential for conflicts of interest among certain officers,
directors or promoters with certain other projects; the absence of
dividends; competition; dilution; the volatility of our common
share price and volume and the additional risks identified the
management discussion and analysis section of our interim and most
recent annual financial statement or other reports and filings with
the TSX Venture Exchange and applicable Canadian securities
regulations. Forward-looking statements are made based on
management's beliefs, estimates and opinions on the date that
statements are made and Alderon undertakes no obligation to update
forward-looking statements if these beliefs, estimates and opinions
or other circumstances should change, except as required by
applicable securities laws. Investors are cautioned against
attributing undue certainty to forward-looking statements.
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.
Contacts: Alderon Resource Corp. - Vancouver Office Mark J.
Morabito President & CEO 604-681-8030 604-681-8039 (FAX)
Alderon Resource Corp. - Toronto Office 416-309-2135 416-861-5887
(FAX) info@alderonmining.com www.alderonmining.com Renmark
Financial Communications Inc. Florence Liberski (416) 644-2020 or
(514) 939-3989 fliberski@renmarkfinancial.com Renmark Financial
Communications Inc. Barry Mire (416) 644-2020 or (514) 939-3989
bmire@renmarkfinancial.com www.renmarkfinancial.com
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