Beaufield Enters Into an Investor Relations Agreement
MONTREAL, QUEBEC--(Marketwired - May 25, 2016) - Beaufield Resources Inc. ("Beaufield" or the "Corporation") (TSX VENTURE:BFD) (FRANKFURT:OU8) is pleased to announce that it has entered into an investor relations agreement (the "Agreement") with Soar Financial Partners ("Soar Financial").
Soar Financial will assist Beaufield in working and communicating efficiently with members of the European financial community, including potential investors, journalists and newsletter writers as well as current shareholders to keep them informed and up-to-date on Beaufield's activities.
The Agreement is for a term of one year, which may be earlier terminated at any time upon 30 days' written notice by either party. In consideration for the services of Soar Financial, Beaufield has agreed to pay a fee of 2,000 Euros per month. Beaufield shall also grant Soar Financial 400,000 stock options of Beaufield at a price of $0.10 per share for a period of 2 years with 1/4 of the options vesting in every three-month period.
CEO and President, Mr. Hansen comments: "Soar Financial will be presenting the Corporation not only to important European investors but also to leading and opinion forming financial media outlets. Beaufield is active with key ground in three areas of Quebec that will be of particular interest:
- Urban which is a rapidly developing new Quebec gold camp;
- Eleonore which hosts Quebec's largest new gold mine (Goldcorp Inc.) and is expanding with recent exploration success; and
- Troilus where gold exploration is just beginning.
Beaufield is well financed and in a position to advance its projects, generate continuous news flow and expand its investor base with the assistance of Soar Financial"
Kai Hoffmann, Managing Director of Soar Financial states: "Given the world-class quality of Beaufield's assets not just in the Urban camp in Quebec where the project is strategically located, we at Soar Financial look forward to expanding the awareness of the Corporation in the European capital markets and supporting broadening the international shareholder base."
Soar Financial is not related to Beaufield, does not have any direct or indirect material interest in Beaufield or its securities, other than the stock options as described above. All matters reported herein are subject to TSX Venture Exchange approval.
About Beaufield:
Beaufield is a mineral exploration company with its exploration activity focused in Quebec. Beaufield is well positioned to advance its portfolio of exploration properties and identify other potential opportunities in the mineral exploration or development stage. The Corporation is actively exploring, well financed with approximately $3 million in cash, has no debt and has excess work credits on its properties.
About Soar Financial Partners:
Soar Financial Partners led by Mr. Kai Hoffmann, supports its clients primarily, but not exclusively in the German speaking parts of Europe with comprehensive public relations and investor relation services. Soar maintains its offices in Frankfurt, Germany and works closely with financial analysts, advisors, investors and the financial media.
The information set forth in this press release includes certain forward-looking statements. Such statements are based on assumptions exposed to major risks and uncertainties. Although Beaufield deems the expectations reflected in these forward-looking statements to be reasonable, the Corporation cannot provide any guarantee as to the materialization of the expectations reflected in these forward-looking statements. The Corporation expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Contact
Jens E. Hansen
President and CEO
514.842.3443
Mathieu Stephens
VP Exploration and Corporate Development
613.721.2919
info@beaufield.com
www.beaufield.com