Tickers: PINX:MLYFF, XTSX:NVM
VANCOUVER, BRITISH COLUMBIA - (Newswire) - April 25, 2017 - Nevada Clean Magnesium, Inc. (TSXV: NVM; Frankfurt-M1V; OTC Pink Sheets: MLYFF) (the "Company") is pleased to announce it has entered into an agreement with Baxter Capital Inc. ("BCA"), of Scottsdale, Arizona for financial advisory and to assist with the company's application for uplisting to the OTC QB.
Baxter Capital Advisors Inc. (BCA) is a Georgia Corporation and will serve as financial advisors to NVM, assisting with the application and execution of an OTC QB listing for the company which will provide access to the US retail and financial marketplace. BCA will also assist in the execution of state blue sky, DTC, investor relations and research coverage functions needed for developing and maintaining liquidity in the US marketplace.
The initial terms of this Engagement shall be for six months and in its role as Financial Consultant will provide the following:
-BCA shall serve as liaison to the PAL sponsor for the OTC QB listing;
-Work with the company lawyer of record;
-Arrange presentations with US retail brokers and fund managers;
-Serve as the US financial representative for NVM for six months.
In in return for services provided, as outlined above, BCA shall receive the sum of $14,500 USD as follows: $3500 to be paid upon the execution of this agreement and approval from the TSX Venture Exchange; $6500 to be paid once the company is trading on the OTC QB exchange; $4500 to be paid the one day prior to commencement of the US broker presentations.
BCA will also receive an option allowing the purchase of 500,000 common shares of NVM to be issued at a price to be determined but not less than $0.05 cents per share CDN.
About Baxter Capital Advisors Inc.
Baxter Capital Advisors is owned and operated by Peter Baxter of Scottsdale, Arizona. He has operated in a wide range of capital market functions for over thirty years as a registered representative in the securities industry. Mr. Baxter worked in sales and operations developing European bank clients at Lehman Brothers and Dean Witter for over ten years and served as an investment banker for PIPE financings until 2000 when he joined Moody Capital LLC where he is now licensed. In 2007 he began assisting Canadian companies with OTC QX listings and US broker outreach meetings.
Baxter Capital Advisors has carved out a niche as the clear industry leader in helping Canadian publicly traded companies get listed in the US. Since 2007 they have helped over 130 Canadian development stage companies in various sectors become dual listed in the US on the OTC QX and OTC QB exchanges. Their purpose is to help clients present their value proposition to US retail brokers, fund managers, sector CFA's and investment bankers. Once listed, BCA will then provide additional market makers to ensure tight trading spreads and then arrange the US broker roadshow meetings.
Mr. Baxter possesses the skill set and contacts in the field to provide the needed services. These he has acquired over the years from the regulatory, sales, and trading side of the larger Wall Street firms. This given him the core competence needed to facilitate US listings for Canadian companies in an expedient and cost effective manner. Mr. Baxter was educated at Georgia State University in Atlanta and holds Series 7 and 63 licenses with FINRA.
Edward Lee, Director, CEO states "Mr. Baxter brings an impressive reputation of success in assisting companies such as NCM to have exposure to the American marketplace via an OTC QB listing. With our key asset of the Tami Mosi magnesium project located in Nevada, we believe it is in our shareholder's best interests to utilize Mr. Baxter's skills and experience to assist NCM to uplist to the OTC QB so that the United States investment community can have easier access to the trading market. We believe this is a crucial element to bringing our project to its full potential."
About Nevada Clean Magnesium, Inc.
Nevada Clean Magnesium is focused on becoming a major U.S. producer and distributor of primary, high grade, low cost magnesium metal extracted from its 100% owned Tami-Mosi property located in North Central Nevada. Based on the Company's NI 43-101 Preliminary Economic Assessment Report published in September 2011 and amended in July 2014, the Tami-Mosi Project has an inferred resource of 412 million tonnes with an average grade of 12.3% Mg for a contained metal content of 111 billion pounds of magnesium using a 12% cut-off grade contained within a high purity dolomite block. For more information, please visit www.nevadacmi.com.
This press release was prepared under the supervision and review of James Sever, P. Eng., president and COO for Nevada Clean Magnesium. Mr. Sever is a non-independent qualified person within the meaning of National Instrument 43-101 standards.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate," "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned there is no guarantee of uplisting to the OTCQB and should not to place undue reliance on forward-looking statements. More detailed information about potential factors that could affect projected results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.
To Reach Nevada Clean Magnesium Please Contact:
Edward Lee, CEO at (604) 210-9862
Please Contact: Edward Lee, at 604-210-9862
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