Andover Ventures Announces Engagement of RedChip Companies for Public and Investor Awareness Efforts
2011年7月6日 - 3:10AM
Marketwired
Andover Ventures Inc. ("Andover" or the "Company") (TSX VENTURE:
AOX)(OTCBB: AOVTF)(FRANKFURT: R2X), a precious and base metal
exploration and development company with mining properties located
in the historic East Tintic Mining District, Utah, and the
polymetallic-rich Ambler Mining District, Alaska, is pleased to
announce the engagement of RedChip Companies, Inc. ("RedChip") to
enhance the Company's public and investor awareness efforts.
Under the agreement, RedChip will consult for a period of 12
months. The Company will pay all out-of-pocket pre-approved
expenses in relation to broker and investor presentations and
meetings. In addition, the Company shall issue to RedChip, subject
to TSX Venture Exchange approval, 400,000 stock options with an
exercise price of $0.65 per share, exercisable for a period of 24
months. The options will vest over 12 months with vesting of 25%
per 3-month period as required by TSX Venture policy.
Gordon Blankstein, CEO of Andover, stated, "We selected RedChip
as part of our investor relations team as we recognized their
robust platform of products and services, as well as their long
history of success in building strong investor relationships for
emerging growth companies. We are confident that RedChip will
significantly enhance our investor outreach efforts as we advance
our key mining and exploration projects."
Dave Gentry, President of RedChip Companies, stated, "Gold
prices have soared more than 400% over the past decade and are
expected to remain strong in 2011, creating tremendous
opportunities for Andover. The Company holds nearly 44,000 acres of
property in two of North America's largest mining regions and
expects to generate near-term cash flow from its Trixie mine in
Utah, which is scheduled to begin gold and silver production later
this year. We look forward to working with Andover's experienced
management team as we execute a comprehensive and strategic
investor relations program."
The agreement with RedChip is subject to the approval of the TSX
Venture Exchange.
About RedChip Companies, Inc.
RedChip Companies is an international, small-cap research and
financial public relations firm headquartered in Orlando, Florida;
with affiliate offices in Beijing, China and Seoul, Korea. RedChip
delivers concrete, measurable results for its clients through its
extensive national and international network of small-cap
institutional and retail investors. RedChip has developed the most
comprehensive platform of products and services for small-cap
companies, including: RedChip Research™, Traditional Investor
Relations, Digital Investor Relations, Institutional and Retail
Conferences, RedChip Small-Cap TV™, Shareholder Intelligence,
Social Media and Blogging Services, Webcasts, and RedChip Radio™.
To learn more about RedChip's products and services, please visit:
http://www.redchip.com/visibility/productsandservices.asp.
"Discovering Tomorrow's Blue Chips Today"™
About Andover:
Andover Ventures is a precious and base metal exploration and
development company, headquartered in Vancouver, British Columbia,
Canada. Andover Ventures' holdings are located in the historic East
Tintic Mining District, Utah, USA, and the polymetallic-rich Ambler
Mining District, Alaska, USA.
For further information we invite you to visit us at
www.andoverventures.com.
ON BEHALF OF THE BOARD
Gordon Blankstein, CEO and Chairman
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.
Contacts: Andover Ventures Inc. Richard Martens Investor
Relations 1-604-682-2168 or Int'l Toll Free: 1-800-266-4484
www.andoverventures.com RedChip Companies, Inc. Mike Bowdoin
+1-800-733-2447, Ext. 110 mike@redchip.com www.redchip.com
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