Hudson Retains Brisco Capital to Provide Investor Relation Services
06 Juin 2011 - 6:55PM
Marketwired
HUDSON RESOURCES INC. (the "Company") - (TSX VENTURE: HUD)(OTCQX:
HUDRF) is pleased to announce that it has retained the services of
Brisco Capital Partners Corp. ("Brisco") to provide investor
relations services, subject to regulatory approval. Brisco will
initiate and maintain contact with the financial community,
shareholders, investors and other stakeholders for the purpose of
increasing awareness of the Company and its activities. Brisco
takes a full service approach to investor relations and provides
creative, effective results-driven investor relations programs for
Canadian public companies.
Scott Koyich, President, Brisco Capital, commented, "We are
excited to be a part of the Hudson team. We at Brisco are very
bullish on the long-term prospects of strategic metals and look
forward to communicating management's strategy and execution to the
investment community. Hudson is an undervalued rare earth company
that has a very strategic deposit in Greenland and is positioned
well to serve the European community."
James Tuer, President and Chief Executive Officer of Hudson,
commented, "We believe that our Sarfartoq project represents one of
the highest quality, most undervalued, rare earth projects on the
TSX Venture Exchange. Accordingly, we are looking forward to
working with Brisco to actively engage the investment community, in
order that our company and its inherent value might be best
communicated and fully appreciated."
The agreement is effective immediately, and may be terminated by
either party at any time. Brisco will be paid a monthly fee of
$6,000, and will be granted 200,000 stock options with an exercise
price of $1.04. The stock options will vest equally and quarterly
over the first 12 months after issuance. The stock options expire
at the earlier of 30 days after termination of the agreement, or
five years from the date of issuance.
Hudson has produced an initial NI 43-101 resource estimate for
the Company's ST1 Zone, which defined 14.1M tonnes averaging 1.51%
total rare earth oxides (TREO) using a cutoff of 0.8%. The ST1 Zone
contains one of the industry's highest ratios of neodymium and
praseodymium to TREO, at 25%. Currently, the ST1 inferred resource
contains over 40 million kilograms of neodymium oxide, which is the
key component in permanent magnets and the fastest growth sector of
the rare earths industry. Neodymium oxide is currently quoted at
over US$250/kg, FOB China, and at over US$130/kg, within China,
according to www.metal-pages.com.
The Sarfartoq REE project is located within 20 km of tidewater
and only 60 km from Greenland's international airport. The project
is owned 100% by Hudson. The Company is well financed with
approximately $18 million in working capital.
Dr. Michael Druecker is a Qualified Person as defined by
National Instrument 43-101 and reviewed the preparation of the
scientific and technical information in this press release in
respect of the Sarfartoq REE Project. Ronald G. Simpson, B.Sc.,
P.Geo., President of Geosim Services Inc., is an independent
Qualified Person as defined by NI 43-101 and is responsible for the
resource estimate on the ST1 Zone.
ON BEHALF OF THE BOARD OF DIRECTORS
James Tuer, President
Forward-Looking Statements
This news release includes certain forward-looking statements or
information. All statements other than statements of historical
fact included in this news release, including, without limitation,
statements regarding plans for the completion of a financing and
the intended terms and use of proceeds thereof, and other future
plans and objectives of the Company are forward-looking statements
that involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those
anticipated in such statements. Important factors that could cause
actual results to differ materially from the Company's plans or
expectations include market prices, general economic, market or
business conditions, regulatory changes, timeliness of government
or regulatory approvals and other risks detailed herein and from
time to time in the filings made by the Company with securities
regulators. The Company expressly disclaims any intention or
obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise
except as otherwise required by applicable securities
legislation.
Neither the 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: Hudson Resources Inc. James Tuer President
604-628-5002 or 604-688-3415 tuer@hudsonresources.ca
www.hudsonresources.ca
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