Vancouver, British Columbia – June 28, 2010: Aldridge Minerals Inc. has retained Profinnotiv AG to provide Aldridge with investor relations and public relations services in the European market.
Profinnotiv will leverage extensive relationships within the professional investment community to expand Aldridge's profile as well as to communicate with existing Aldridge stakeholders in Europe. The company has a long history in Europe with strong investor support and a listing on the Frankfurt Stock Exchange.
"Beginning with our recent financing, sell-side research coverage and management changes, Aldridge has been working to re-engage the capital markets in Canada as we make progress with the further development of our properties," said Jacob Willoughby, president. "As we move forward with this strategy, we need to continue to recognize and interact with our strong shareholder base in Europe, who have been supporting us since our inception."
Under the terms of the agreement, Aldridge will pay Profinnotiv an annual fee of $180,000 for select communication services. The contract term is 12 months with an option to terminate after an initial six-month period, commencing immediately. In addition, the company has granted Profinnotiv an option to buy 250,000 shares, exercisable at 67 cents per share. The option will expire five years from the grant date and is subject to the approval of the TSX Venture Exchange.
About Aldridge Minerals
Aldridge Minerals Inc. is mainly focused on mineral opportunities in Turkey where the Company is conducting an ambitious exploration and development program at its flagship Yenipazar polymetallic VMS project.
Aldridge has also identified several other prospective opportunities in Turkey and Papua New Guinea, and has amassed a large property position where a systematic exploration program is underway.
On behalf of the Board of Directors
President and Director
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company’s expectations and projections.
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 release.
Jacob Willoughby, President and Director
Aldridge Minerals Inc., +416-558-4717