And Now For Another BRILLIANT Move by Richard.
Is this the firm that Olav (remember him) worked for. He was in on a couple of posts and disappeared as fast as he appeared. I think that Richard has a huge stake in the success of this operation. Three years of production is excellent for a producer of Glimmers size in this poor POG environment. Any comments?
Glimmer selects Hume, Kieran as investor relations
Glimmer Resources Inc GME
Shares issued 6,028,962 2001-03-07 close $0.7
Thursday Mar 8 2001 News Release
Mr. Richard McCloskey reports
Subject to regulatory approval, the company has selected Hume, Kieran Inc. (HKI), of Toronto, Ont., as the company's investor relations counsel. HKI will assume all facets of Glimmer's investor relations, focusing initially on an extensive outreach program to the Canadian investment community. The appointment provides for a fixed monthly fee of $4,500 (Canadian) and the granting of an option of 100,000 shares of Glimmer, for five years priced at market value at the time of signing the agreement (40 cents). The company's principals are Richard McCloskey, president; A. George Matthew, chief financial officer; and Edward G. Dumond, secretary-treasurer.
"Glimmer Resources has more than three solid years of production and an exceptional future ahead of it on Canada's most prolific piece of gold mining real estate, the Destor-Porcupine fault. And yet Glimmer is so little known. We aim to change that," said HKI's president, Cathy Hume.
The principals of HKI are Ms. Hume and Jon W. Kieran, and the firm has a complement of 11 full-time people. HKI and its predecessor companies have specialized in investor relations services to emerging companies for more than 40 years. The firm services a large number of companies in a broad range of industries. The majority of its clients are listed on the Toronto Stock Exchange.
Mr. McCloskey said that: "The selection of an investor relations firm, and Hume, Kieran specifically, indicates that the company is intent on raising its profile. Operationally we're sound and we have begun to implement our strategic plan for growth. It's time now to convey that story."
As previously announced, Glimmer Resources and Exall Resources have resolved the mine dispute between the two companies, following the signing of a formal agreement. (See press release as reported in Stockwatch Nov. 21, 2000.) Under the terms of the agreement, Glimmer can acquire a 100-per-cent interest in the Glimmer mine by issuing 9.75 million Glimmer shares to Exall, of which four million shares would be dividended out to Exall shareholders.
(c) Copyright 2001 Canjex Publishing Ltd. canada-stockwatch.com |
