Wed, 4 Oct 2006 11:04:00 PDT
ST-BRUNO, QUEBEC -- (MARKET WIRE) -- 10/04/2006 -- Normabec Mining Resources Limited (
ARGENTUMINVEST GmbH will receive a monthly retainer of 3,000 Euros for a 12-month term subject to termination by either party with 30 days written notice. NORMABEC will also issue as compensation to ARGENTUMINVEST GmbH, an option to purchase 100,000 common shares at the 10-day average price prior to signature of the agreement. The options will be effective for a period ending 30 days after the termination of the contract and will be vested in accordance with the TSX Venture Exchange guidelines. This agreement is subject to regulatory approval.
NORMABEC's common shares now trade on Germany's Frankfurt Stock Exchange under the symbol N6M. The FSE listing will provide NORMABEC with greater visibility for its activities in all German Speaking Countries.
Furthermore, NORMABEC will be presenting its projects and the recent Research Report prepared by MineralFields to private and institutional investors at the Munich Mining Convention from October 13 to 15, 2006.
NORMABEC is a mining exploration company listed on the TSX Venture Exchange under the symbol NMB and on the FSE under the symbol N6M. The company is currently conducting an exploration program on its Real de Catorce Property in Mexico and will undertake in the next coming weeks a 10,000 meter-drilling program on the Pitt Gold Property where a 82,9 g/t Au was intersected over 4.58 meters last March.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
Contacts: Normabec Mining Resources Robert Ayotte President 450-441-9177 info@normabec.com www.normabec.com Trent Dahl Investor Relations 604-684-4743 Toll free. 1-866-684-4743 trent@ascentacapital.com
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