Business
Bri-Chem Corp. engages CHF Investor Relations
Bri-Chem Corp. engages CHF Investor Relations
About this update from Bri-chem Corp.
[{"type":"text","content":"\n\n\n\n Aug. 3, 2010 (Canada NewsWire Group) -- \n\n \n \n \nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\nTSX Venture Exchange Symbol "BRY"\n\nEDMONTON, Aug. 3 /CNW/ - Bri-Chem Corp. ("Bri-Chem" or the "Company") (TSX Venture Exchange: BRY) a leading Canadian wholesale distributor of oil & gas drilling fluids, steel products and services today announced it has retained Cavalcanti Hume Funfer Inc. (CHF Investor Relations). CHF is a highly regarded Canadian investor relations firm headquartered in Toronto operating under the same management for the past seventeen years.\n"Last month we launched a new comprehensive investor awareness campaign. To steer these efforts Bri-Chem has brought in one of Canada's most respected IR firms in CHF Investor Relations. This IR firm's sensible relationship-building approach matches Bri-Chem's corporate values. Now in our 4th year as a public company, we are eager to share Bri-Chem's story and highlight our potential growth opportunities to a whole new audience of investors," explained Don Caron, President and CEO of Bri-Chem.\nEffective immediately, the services agreement for investor relations and market-making is for a term of twelve months, subject to a mutually satisfactory review after six months. Under the terms of the services agreement, which is subject to TSX Venture Exchange approval, CHF will receive $7,500 per month in fees and reimbursement of expenses. CHF has been granted a total of 25,000 options with 12,500 options exercisable at $2.00 and 12,500 options exercisable at $2.10. The options vest in stages over twelve (12) months with no more than one quarter of the options vesting in any three-month period and expire in 24 months. Upon termination of the contract, CHF will have 30 days to exercise any vested options.\nIt has been agreed that CHF will initiate a Market Liquidity Program, more commonly referred to as market-making, through its Calgary office. Bri-Chem shareholders, Mr. Brian...