VANCOUVER, June 24, 2013 /CNW/ - Prima Fluorspar Corp.
(TSX-V: PF) ("Prima" or the "Company") is pleased
to announce that it has entered into an agreement with FronTier
Merchant Capital Group ("FronTier") to provide financial market
consulting services to the Company as of June 15, 2013.
ABOUT FRONTIER MERCHANT CAPITAL GROUP
FronTier is a merchant capital group that consults with its
clients to determine their most pressing corporate issues and help
them reach their goals using strong industry contacts and unique
services. As a committed partner, FronTier Merchant Capital Group
will work with Prima to define an incentive program which is
aligned with reaching its both long and short term corporate goals.
FronTier will assist Prima in developing quality company
information and project updates to support potential investors in
making more educated investment decisions. FronTier only introduces
Prima to those institutional network companies that meet Prima's
criterion based on its proprietary profiling methods.
FronTier will receive $5,000 per month for twelve months. The contract
may be terminated by either party with 10 days' notice after twelve
months. FronTier will also receive 250,000 incentive options at an
exercise price of $0.10 valid for 5
years.
ABOUT PRIMA FLUORSPAR
Prima is delineating their historic Liard
Fluorspar Resource*, easily accessible on 22,500 ha (55,000 acres)
of 100%-owned claims in British
Columbia.
HIGHLIGHTS ABOUT PRIMA'S HISTORIC
PROJECT AND RESOURCE*
- 3.2 million tonnes at an average grade of 32% fluorspar*
- Mineralization at surface, pit mining potential
- 30 km strike length
- Metallurgical Testing: 97% CaF2*
- 22,500 ha (55,000 acres), 100%-owned claims
- Easy access, on Alaska Highway
in British Columbia
FLUORSPAR FACTS:
- No fluorspar mines in Canada
or USA
- Primary uses: Refrigeration, aluminum and steel
smelting, consumer products like Teflon® and GORE-TEX®,
medicines, cement, and petroleum-based fuels
- $2.4 billion/annum market
- Major North American Purchasers: Chemical Companies - Dupont,
Honeywell; Aluminum Producers: Rio Tinto Alcan (Kitimat)
For more information about Prima please visit:
http://primafluorspar.com/
Please feel free to contact me at any time
rbick@primafluorspar.com or at 604-681-1568. I look forward to
hearing from you.
ON BEHALF OF THE BOARD
PRIMA RESOURCES CORP.
"Robert Bick"
Robert Bick
President and CEO
Disclaimer for Forward-Looking
Statements
Statements in this news release that are not historical facts are
forward-looking statements that are subject to risks and
uncertainties. Words such as "expects", "intends", "plans",
"may", "could", "should", "anticipates", "likely", "believes" and
words of similar import also identify forward-looking
statements. Forward-looking statements in this news release
include statements about the potential of the property to become a
major fluorspar producer. Actual results may differ materially from
those currently anticipated due to a number of factors beyond the
Company's control. These risks and uncertainties include,
among other things, the risks associated with being a mineral
exploration company. These forward-looking statements are
made as of the date of this news release and, except as required by
applicable laws, the Company assumes no obligation to update these
forward-looking statements, or to update the reasons why actual
results differed from those projected in the forward-looking
statements.
*Historical Data
Prima Fluorspar Corp. has not undertaken an independent
verification to classify the historic resource estimate quoted from
a Mineral Potential Compilation Report for the BC Department of
Economic Development, written by Wright Engineers Limited and H.N.
Halvorson Consultants Ltd., in January 17,
1975 as a current mineral resource. Neither has Prima
independently verified the results of the previous exploration
work. Therefore, the historical mineral resource should not be
relied upon, but the issuer believes the information to be relevant
and reasonably reliable. An unknown quantity of the 3.2 million
tonnes is on mineral claims outside of the current Liard Fluorspar
Property. However, based on the information available, the majority
of the estimate is based on the deposits located on Prima's Liard
Fluorspar Property. The key assumptions, parameters and methods of
the resource estimate are unknown at this time. New deposit
definition drilling is needed to develop a current resource
estimate on the property. Prima believes that these historical
mineral resources provide a conceptual indication of the potential
of the property and are relevant to ongoing exploration.
SOURCE Prima Fluorspar Corp