If this company would just figure out how to make a profit, the stock price would take care of itself. Why pay this money and potentially print 100,000 shares if the company is doing well? Does this mean that someone wants to sell? Does it mean the company needs to dilute because it is losing money? Tungsten is at record prices, and this company is not talking about profits at all. What the heck is going on?
North American Tungsten Corporation Engages Brisco Capital Partners Corporation
Tuesday April 25, 9:00 am ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 25, 2006) - North American Tungsten Corporation Ltd. (the "Company" or "NTC") (TSX VENTURE:NTC - News) is pleased to announce that it has retained BRISCO Capital Partners Corp. ("Brisco"), a Calgary-based company specializing in investor relations and corporate communications. BRISCO will develop and execute an investor relations program to broaden NTC's exposure within the Canadian investment community.
BRISCO takes a full-service approach to investor relations and provides creative, effective, results-driven investor relations programs for Canadian public companies.
NTC has retained BRISCO for a one year term, subject to regulatory approval, commencing on April 25, 2006, which may be renegotiated and renewed for a further term as may be mutually agreed upon. In consideration of the services to be provided, NTC has agreed to pay BRISCO a monthly retainer of $6,000, plus reasonable out-of-pocket expenses. In addition, BRISCO has been granted an option to purchase an aggregate of 100,000 common shares of NTC at an exercise price of $1.10 per share, expiring April 25, 2008, and vested in accordance with TSX Venture Exchange policies.
North American Tungsten Corporation Ltd. is a publicly listed junior resource company engaged primarily in the acquisition, exploration, development and operation of resource properties in the Northwest Territories and Yukon Territories. The company reactivated the Cantung mine in June 2005 and restarted operations and tungsten production in September 2005.
