Business
NAMIBIA RARE EARTHS INC. APPOINTS INVESTOR RELATIONS CONSULTANT
Apr. 21, 2011 (Canada NewsWire Group) -- HALIFAX, April 21 /CNW/ - Namibia Rare Earths Inc. (t...
About this update from Namibia Critical Metals Inc.
[{"type":"text","content":"\n\n\n Apr. 21, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\nHALIFAX, April 21 /CNW/ - Namibia Rare Earths Inc. (the "Company" or "Namibia Rare Earths") is pleased to announce that it has retained the Florida-based firm of Michael Baybak and Company, Inc. ("MBC") to conduct institutionally-oriented investor relations programs on behalf of the Company. Headed by Mr. Michael Baybak, MBC is a long-term institutional and media investor relations specialist in the natural resource sector, with a focus on introducing Canadian resource companies of merit to broader institutional and retail investor audiences.\nThe Company will pay MBC a monthly fee of US$8,000 for the one-year term of the agreement, which is cancelable upon 30 days' notice in writing at any time after the first six months of service. The agreement may be renewed following the completion of the initial term.\nThe Company has also agreed to grant 300,000 incentive stock options to principals of MBC, 25% vesting every three months beginning on the effective date of the agreement. The options will be exercisable for 5 years, subject to the terms of the Company's incentive stock option plan, at an exercise price to be set based on a 5 day VWAP following the Company's initial public offering.\n\nAbout Namibia Rare Earths Inc.\n\nNamibia Rare Earths is a mineral exploration and development company that is focused on the development of rare earth mineral deposits in Namibia. The Company's princi...