Beaufield Enters into an Investor Relations Agreement with MI3
April 09 2014 - 10:32AM
Marketwired
Beaufield Enters into an Investor Relations Agreement with MI3
MONTREAL, QUEBEC--(Marketwired - Apr 9, 2014) - Beaufield
Resources Inc. ("Beaufield" or the "Corporation") (TSX-VENTURE:BFD)
is pleased to announce that it has entered into an investor
relations agreement (the "Agreement") with MI3 Communications
Financières Inc. ("MI3").
MI3 will assist Beaufield in working with members of the
financial community, potential investors and current shareholders
to keep them informed and up-to-date on Beaufield's activities.
The Agreement is for a term of one year, which may be earlier
terminated at any time upon 30 days written notice by either party,
notice not to be given before six months from the date of the
Agreement. The Agreement may be renewed for an additional term of
six to twelve months. In consideration for the services of MI3,
Beaufield has agreed to pay a fee of $7,500 per month. Beaufield
shall also grant MI3 300,000 stock options of Beaufield at a price
of $0.10 per share for a period of 5 years with 1/4 of the options
vesting in every three month period.
CEO and President, Mr. Hansen comments: "We are very pleased
that MI3 and Mr. Drolet will be assisting Beaufield in its campaign
to increase awareness. Beaufield has approximately $4 million in
working capital, a National Instrument 43-101 resource calculation
under preparation for the Tortigny copper-zinc-silver deposit, a
key holding in the developing Urban gold camp next to Eagle Hill
Exploration, a key property adjoining Goldcorp's new, large
Eleonore mine, and an advancing gold property under option at
Launay. We believe Beaufield is significantly undervalued and Mr.
Drolet's assistance with corporate development is very
welcome".
MI3 is an investor relations firm headed by Mr. Mario Drolet.
MI3 is a proactive results-driven firm that offers premium investor
relations services to an international portfolio of client
companies operating in a broad range of industries including
mining, oil & gas and special situations. MI3 provides
comprehensive Investor relations representation to a Canadian
audience through their offices in Montreal.
MI3 is not related to Beaufield, does not have any direct or
indirect material interest in Beaufield or its securities, other
than the stock options as described above. All matters reported
herein are subject to TSX Venture Exchange approval.
About
Beaufield:
Beaufield is a mineral exploration
company with its exploration activity focused in Quebec. Beaufield
is well positioned to advance its portfolio of exploration
properties and identify other potential opportunities in the
mineral exploration or development stage. The Corporation is
actively exploring, well financed, has no debt and has excess work
credits on its properties.
The information set forth in this press release includes certain
forward-looking statements. Such statements are based on
assumptions exposed to major risks and uncertainties. Although
Beaufield deems the expectations reflected in these forward-looking
statements to be reasonable, the Corporation cannot provide any
guarantee as to the materialization of the expectations reflected
in these forward-looking statements. The Corporation 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 required by applicable
law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) has reviewed or accepts responsibility for the
adequacy or accuracy of this Release.
Jens E. HansenPresident and
CEO514.842.3443514.842.3306info@beaufield.comwww.beaufield.com
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