Rodinia Minerals Inc. Announces Public Relations & Marketing Contract
Toronto, Ontario, November 24, 2009: Rodinia Minerals Inc. (“Rodinia” or the “Company”) (TSX-V: RM), is pleased to announce that, subject to regulatory approval, the Company has engaged the services of Grandich Publications, LLC, to provide public and shareholder communications and marketing services.
Grandich Publications, LLC provides corporate communications services to public and private companies in North America and specializes in the development and management of customized public relations and marketing programs. Mr. Peter Grandich, principal of Grandich Publications is a long-standing member of The New York Society of Security Analysts and The Society of Quantitative Analysts and is the chief commentator for Agoracom.com and the editor of The Grandich Letter, first published in 1984.
Under the terms of the agreement, the Company is required to pay US$6,000 for the first 3 months of an initial 12 month agreement and US$2,000 per month thereafter, and grant 150,000 incentive stock options to Grandich Publications exercisable for $0.43 shall expire on November 23, 2014, and are subject to a regulatory 4 month hold period. The agreement is subject to regulatory approval and all terms are subject to and in accordance with the rules and regulations of the TSX Venture Exchange.
In addition, the Company has granted an additional 100,000 stock options to a consultant of the Company subject to receipt of all necessary regulatory approvals. The options shall be exercisable at $0.43 and expire November 23, 2014, and are subject to a 4 month regulatory hold period.
About Rodinia Minerals Inc.:
Rodinia Minerals Inc. is a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America. The Company is positioned to capitalize on the explosive demand for lithium carbonate expected from the paradigm shift to mass adoption and use of key lithium applications (lithium-ion batteries, glass ceramics, greases, pharmaceuticals etc.).
Rodinia is currently exploring its 100% owned, 50,440 acre Clayton Valley project in Nevada, USA. With its initial 3-hole drill program complete, the Company is actively planning and permitting and expanded 20-hole program that surrounds the only lithium brine producer in North America.
Rodinia Minerals Inc.
Please visit the Company’s web site at www.rodiniaminerals.com or write us at firstname.lastname@example.org
|For further information please contact
President & CEO
Tel: +1 (416) 861-5812
Vice President, Corporate Development
Tel: +1 (416) 309-2696
Except for statements of historical fact contained herein, the information in this press release constitutes “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may”, “will” and include without limitation, statements regarding the impact of any potential acquisitions the potential of the Company’s projects; the potential results and timetable for further exploration with respect to the Clayton Valley project, timetable for further exploration, analysis and development; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
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