VANCOUVER, BRITISH COLUMBIA / May 9, 2014 - Nevada Clean Magnesium, Inc. (TSXV: NVM; Frankfurt-M1V; OTC Pink Sheets: MLYFF) (the "Company") is pleased to announce the engagement of Kaye Wynn Consulting Inc. of Vancouver to provide investor relations for the Company.
A Canadian company, Kaye Wynn Consulting has been hired, via a three month renewable contract, to provide Nevada Clean Magnesium with their services. The firm will receive $4000 per month and be issued an option to purchase 400,000 shares of the Company's stock at $0.08 for a period of five years. Kaye Wynn will assist the Company with its investor relations and market awareness programs by reaching out to its proprietary network as well as the broader investment community.
The terms of this engagement are subject to TSX approval.
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 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 late 2011, 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.
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 Statements
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements in this news release include that we can become a profitable producer and distributor of primary, high grade, low cost magnesium. Actual results may differ materially from those currently anticipated due to a number of factors, including that the Company's dolomite reserves may not 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. 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.
Hanover | Elite
Kathy Addison, Chief Operating Officer
Release ID: 43899