Prima Fluorspar Corp. engages Peter Grandich for marketing services
VANCOUVER, April 29, 2013
VANCOUVER, April 29, 2013 /PRNewswire/ - Prima Fluorspar Corp. (TSX-V: PF)
("Prima" or the "Company") is pleased to announce that it has entered into an
agreement with Peter Grandich of Grandich Publications LLC ("Grandich") to
provide marketing services to the Company as of May 1, 2013.
ABOUT PETER GRANDICH
Peter Grandich entered Wall Street in the mid-1980s and within three years was
appointed Vice President of Investment Strategy for a leading New York Stock
Exchange member firm. He went on to hold positions as a market strategist,
portfolio manager for four hedge funds and a mutual fund that bore his name.
He has given hundreds of interviews to media includingFinancial Post, Globe
and Mail, US News & World Report, New York Times, Business Week, MarketWatch,
Business News Network, GMA, Neil Cavuto's Your World on Fox News, The Kudlow
Report on CNBC, Wall Street Journal, Barron's and dozens more. He is a regular
speaker at investment conferences around the globe, has edited numerous
investment newsletters and is a sought after commentator.
Grandich is the publisher and editor ofThe Grandich Letter, first
publishedin 1984. On his internationally-followed blog, he comments daily
about the world's economies and financial markets with his experience gained
from more than30 years in and around Wall Street. Grandich's wildly-popular
blog provides an insightful and intuitive look at business, finances and the
world, set in a vernacular that just about anyone can understand.
Grandich will receive $2,000 per month from Prima. The contract may be
terminated by either party with 30 days' notice after three months. Grandich
will also receive 100,000 incentive options at an exercise price of $0.10
valid for 5 years assuming the marketing agreement remains in place.
Including this option grant to Grandich, the Company has issued a total of
1,500,000 incentive options at an exercise price of $0.10 valid for 5 years to
Directors, Officers and Consultants to the Company.
ABOUT PRIMA FLUORSPAR
Prima is expanding an historic fluorspar resource on 22,500 ha (55,000 acres)
of 100%-owned claims in British Columbia.
HIGHLIGHTS ABOUT PRIMA'S HISTORIC RESOURCE*
*3.2 million tonnes at an average grade of 32% fluorspar*
*Mineralization at surface
*30 km strike length
*Metallurgical Testing: 97% CaF^2*
*22,500 ha (55,000 acres), 100%-owned claims
*Easy access, on Alaska Highway in British Columbia
*No fluorspar mines in Canada or USA
*Uses: Refrigeration, aluminum and steel smelting, consumer products like
Teflon® and GORE-TEX®, medicines, cement, and petroleum-based fuels
*$2.4 billion/annum market
*North American Purchasers: Chemical Companies - Dupont, Honeywell;
Aluminum Producers: Rio Tinto Alcan (Kitimat)
Please feel free to contact me at any time firstname.lastname@example.org or at
For more information about Prima please visit:http://primafluorspar.com/
I look forward to hearing from you.
ON BEHALF OF THE BOARD
PRIMA RESOURCES CORP.
President and CEO
Disclaimer for Forward-Looking Statements
Statements in this news release that are not historical facts are
forward-looking statements that are subject to risks and uncertainties. Words
such as "expects", "intends", "plans", "may", "could", "should",
"anticipates", "likely", "believes" and words of similar import also identify
forward-looking statements. Forward-looking statements in this news release
include statements about the potential of the property to become a major
fluorspar producer. Actual results may differ materially from those currently
anticipated due to a number of factors beyond the Company's control. These
risks and uncertainties include, among other things, the risks associated with
being a mineral exploration 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.
Prima Fluorspar Corp. has not undertaken an independent verification to
classify the historic resource estimate quoted from a Mineral Potential
Compilation Report for the BC Department of Economic Development, written by
Wright Engineers Limited and H.N. Halvorson Consultants Ltd., in January 17,
1975 as a current mineral resource. Neither has Prima independently verified
the results of the previous exploration work. Therefore, the historical
mineral resource should not be relied upon, but the issuer believes the
information to be relevant and reasonably reliable. An unknown quantity of the
3.2 million tonnes are on mineral claims outside of the current Liard
Fluorspar Property. However, based on the information available, the majority
of the estimate is based on the deposits located on Prima's Liard Fluorspar
Property. The key assumptions, parameters and methods of the resource estimate
are unknown at this time. New deposit definition drilling is needed to develop
a current resource estimate on the property. Prima believes that these
historical mineral resources provide a conceptual indication of the potential
of the property and are relevant to ongoing exploration.
SOURCE Prima Fluorspar Corp
President and CEO
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