Calgary, Alberta (FSCwire) – Morro Bay Resources Ltd. (“Morro Bay” or the “Company”) (TSX-V: MRB) a mineral exploration company focused on advancing its Peñoles Project located in the prolific Durango Silver Belt, Mexico announced today it has entered into an Investor Relations agreement with Minera IR Inc. (“Minera IR”) of Toronto, Ontario.
John Zang, CEO of Morro Bay stated, “We are excited to retain Minera IR with their knowledge of Mexico as well as the Canadian public markets. As we continue drilling in the prospective areas at Peñoles, Minera IR will play a leading role in communicating our milestones to investment professionals and money managers focused primarily on the metals and mining industry.”
Minera IR will be responsible for marketing and shareholder communications as well as the development and implementation of a strategic investor relations program, which includes enhancing the Company’s exposure among industry stakeholders and investors across Canada. Under the terms of the agreement, the Company will pay Minera IR a monthly fee of $3,000 plus potential for additional monthly compensation of $1,000 based upon performance. The agreement may be terminated by either party with a 30 day notice period. Neither Minera IR nor any of its principals have an ownership interest, directly or indirectly, in Morro Bay.
About Morro Bay
Morro Bay is a junior mineral exploration company based in Calgary, Alberta, Canada, focused on the exploration for precious metals in Mexico. Morro Bay's business strategy is to build shareholder value by rapidly advancing the Peñoles Project in Mexico through the resource delineation stage.
About Minera IR Inc.
Minera IR is a Canadian full service investor relations firm generating investor interest in resource companies and building an engaged shareholder base for clients. With expertise in executing effective strategic IR programs, combined with an extensive network of investment community contacts, Minera IR specializes in helping clients achieve their capital markets objectives including improved liquidity, shareholder value and financing requirements.
Source: Morro Bay Resources Ltd. (TSX Venture:MRB) http://www.morrobayresources.com/