Quantum Expands IR Network
February 18 2011 - 10:57AM
Marketwired
Quantum Rare Earth Developments Corp. (TSX VENTURE: QRE)(OTCQX:
QREDF)(FRANKFURT: BR3) ("Quantum", the "Company") is pleased to
announce that it has retained the services of Florida-based
National Media Associates ("NMA"), and German-based Sigorex
Management GmbH ("Sigorex") as a consultants to promote investor
relations in the U.S. and Europe respectively.
About National Media Associates: Headed by Mr. George Duggan,
NMA is a long-term media-relations specialist in the natural
resource exploration sector. The Company will pay NMA a monthly fee
of US$8,000 for the one-year term of the Agreement, but has the
right to cancel the agreement after the first six months of
service, and/or extend it beyond the initial term.
About Sigorex: Sigorex is a German-based investor relations
company, whose Managing Director is Markus Kaempf. Sigorex's
engagement is for a one-year term. In consideration for Sigorex's
services, Quantum has agreed to pay an initial setup fee of EU
15,000 and a monthly fee of EU 5,000. Sigorex will assist in
developing communications packages, organizing and making
presentations, representing the Company at trade shows, liaising
with the investment community, introducing the management of the
Company to investors, and assisting in the presentation of
information to those potential investors.
The Company also announces the granting of incentive stock
options to the above noted parties, as well as its directors,
officers, consultants and employees, under its Stock Option Plan,
for the purchase of up to 1,000,000 common shares of the Company
for a period of 3 years at a price of $0.50 per share.
"With the growing appetite for quality Niobium and Rare Earth
Element projects, we feel strongly that the addition of these two
quality organizations will help enhance the image and awareness of
Quantum within the European and U.S. capital markets," states Peter
Dickie, President and CEO of Quantum.
On Behalf of the Board,
Peter Dickie, President
"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: Quantum Rare Earth Developments Corp. Peter Dickie
President and CEO (604) 669-9330 (604) 669-9335 (FAX)
www.QuantumRareEarth.com
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