New Pacific Hires Investor Relations Firm and Grants Options
Jun 28, 2011
Vancouver, British Columbia (June 28, 2011) - New Pacific Metals Corp. (TSXV: "NUX") (the "Company" or "New Pacific"),
has retained the services of Michael Baybak and Company, Inc., of
Florida, ("MBC") to assist in its US investor relations. Subject to
TSX-V approval, MBC will be initially granted options to acquire 200,000
common shares of the Company at a price of $1.51 cents per share, half
of which will vest in six months and the remaining half will vest in one
year. All these options will expire at the end of five years. In
addition, MBC and will be paid a monthly fee of $8,000 for the duration
of the one year contract. The agreement with MBC contemplates that its
activities must be in compliance with applicable rules and regulations.
The Company can end these services at 10 days notice.
MBC will focus on developing and expanding the Company's communications
with the US investment community through a comprehensive investor
relations program. MBC has been providing investor relations services to
the mining industry for over twenty years. Services to be provided to
the Company include: marketing to the US investment community, use of
MBC's proprietary database and contacts, and organization of meetings
and presentations on behalf of the Company.
The Company also announces that, subject to regulatory approval, it has
granted an aggregate of 215,000 incentive stock options at a price of
$1.42 cents per share to consultants and employees of the Company; these
stock options expire at the end of five years and are subject to a
vesting period of 48 months.
New Pacific is engaged in the exploration and development of mineral
resources and gold-poly-metallic projects in Canada and China. New
Pacific has extensive experience in implementing high grade resource
development projects.
For Further Information:
New Pacific Metals Corp.
Investor Relations
Phone: +1 (604) 633-1368
Fax: +1 (604) 669-9387
Email: [email protected]
Website: www.newpacificmetals.com
Forward Looking Information
This news release may contain forward looking statements, being
statements which are not historical facts, including, without
limitation, discussion of future plans and objectives. There can be no
assurance that such statements will prove accurate. Such statements are
necessarily based on a number of estimates and assumptions that are
subject to numerous risks and uncertainties that could cause actual
results and future events to differ materially from those anticipated or
projected. New Pacific Metals disclaims any intention or obligations to
revise or update such statements.
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.