Northern Iron strengthens investor relations capability with the appointment of Cutler McCarthy Inc.
VANCOUVER, Nov. 28, 2012, 2012 (Canada NewsWire via COMTEX) --
Northern Iron Corp. (TSX-V: NFE) (OTCQX-NHRIF) (FRANKFURT; N81); ("Northern" or the
"Company") has retained the services of Cutler McCarthy Inc. ("Cutler McCarthy")
to strengthen its investor relations and corporate communications
"With a strong cash position, growing order book and proposed near-term
production of hot briquetted iron from the past producing Griffith
mine, Northern Iron is in an enviable position relative to many of its
peers. We believe the strength of our board, management team and
projects needs to be more effectively communicated to new and existing
shareholders. We have retained the services of Cutler McCarthy to
leverage their expertise, contacts and experience to lead and
facilitate that process and become an integral part of our investor
relations team," said, Basil Botha, President & CEO of Northern Iron.
Cutler McCarthy will receive a fee of CDN$5,000 per month for a period
of 12 months. The Company will also grant an option to Cutler McCarthy
to purchase 300,000 common shares of the Company over a two year period
subject to regulatory approval. The options will be released in three
tranches of 100,000 options, the first tranche being released in
December 2012, the second in March 2012 and the final tranche in June
2012. The options will vest in stages over the 12 month period of the
contract. The option price of each tranche will be determined at market
value of the stock price on the grant date of each tranche.
About Cutler McCarthy Inc.
Headquartered in Toronto, Canada, Cutler McCarthy is a dynamic financial
communications firm offering a full range of services including
investor relations, public relations, financial advisory services and
corporate communications. Specializing in the natural resources
sectors, Cutler McCarthy leverages the experience of seasoned industry
professionals to deliver fully integrated investor focused strategies.
Past clients include Alternative Energy, Junior Mining, and Oil & Gas
companies listed on the global stock exchanges.
About Northern Iron Corp.
The Company is a 100% owner of five iron ore properties in the Red Lake
district containing over 500 million tonnes of historical resources
with grades ranging from 22% to 31% Fe. The Red Lake district is
situated in an established mining area in Ontario, where the company
has two near term development projects, the past producing Griffith
mine and the Karas property. For more information visit www.northernironcorp.com
The foregoing information may contain forward-looking statements
relating to the future performance of the Company. Forward-looking
statements, specifically those concerning future performance, are
subject to certain risks and uncertainties, and actual results may
differ materially from the Company's plans and expectations. These
plans, expectations, risks and uncertainties are detailed herein and
from time to time in the filings made by the Company with the TSX
Venture Exchange and securities regulators. The Company does not
assume any obligation to update or revise its forward-looking
statements, whether as a result of new information, future events or
Neither the TSX Venture Exchange nor its Regulation Service Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein.
On Behalf of the Board of Directors
NORTHERN IRON CORP.
President & CEO
SOURCE: Northern Iron Corp.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/November2012/28/c3982.html
SOURCE: Northern Iron Corp.
Northern Iron Corp. Basil Botha President & CEO 604-566-8570
firstname.lastname@example.org Cutler McCarthy Inc. Wanda Cutler 416-303-6460
email@example.com Miranda McCarthy 604-628-1699 firstname.lastname@example.org
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