VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 16, 2014) - 92 Resources Corp. (TSX VENTURE:NTY) (the "Company") has retained Momentum Public Relations Inc. ("Momentum PR") to provide investor relations and corporate development services.
Momentum PR will assist the Company in increasing public awareness by managing the Company's corporate communications, marketing activities and facilitating dialogue with the Company's shareholders, finance professionals, analysts and media contacts.
Adrian Lamoureux, President & CEO of 92 Resources Corp. stated: "We are extremely pleased that Momentum PR and the company will be working closely together. Momentum PR's mandate will help the Company increase Canadian and International exposure within the resource sector."
Jonathan Williams, senior associate with Momentum PR, commented: "We are very enthusiastic to have the opportunity to collaborate with 92 Resources Corp. At Momentum we carefully select the companies we choose to introduce to our networks. We know and trust the management team.
92 Resources Corp. has a well-deserved place in our umbrella of resource companies, more specifically for their focus on silica. The addition of this company will allow Momentum PR to offer its network of investors' exposure to the silica market, which we believe has the potential for great growth. Resources will always be a solid foundation to any economy and high grade silica is increasingly sought after for its vast industrial and technological uses."
The agreement with Momentum PR is for a six-month term commencing immediately. The Company has agreed to pay Momentum PR an initial retainer amount of $15,000 at the beginning of the first month and then a monthly retainer of $5,000 starting at the beginning of the second month under the contract. Momentum PR will also receive 200,000 incentive stock options of The Company at an exercise price of 12 cents, to be vested in accordance with the corporation's stock options plan and the policies of the TSX Venture Exchange. The agreement is subject to TSX Venture Exchange approval.
The Company also announces a grant of stock option agreements to directors, officers and consultants to purchase up to an aggregate of 525,000 common shares of the Company, exercisable at the price of $0.12 per share for five years, subject to regulatory approval. The option agreements will be granted in accordance with the Company's Stock Option Plan.
About 92 Resources Corp.
92 Resources is currently advancing it's 100% interest in the 807.8 hectare Zim Frac claim group, a high purity silica / quartz property located in close proximity to Golden, British Columbia. The Zim Frac claim group lies adjacent to, and on trend with, Heemskirk Canada's Moberly silica mine, and is within five kilometers of major rail and the Trans-Canada Highway. In addition, the company is also compiling and reviewing technical data on its Mitchell lake uranium property covering an area of 2,354 hectares, located in the Athabasca Basin, Saskatchewan.
On behalf of the Board of Directors,
"ADRIAN LAMOUREUX", President & CEO
This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.
Neither the 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 news release.
