VANCOUVER,
April 29, 2013 /CNW/ - Prima
Fluorspar Corp. (TSX-V: PF) ("Prima" or the
"Company") is pleased to announce that it has entered into
an agreement with Peter Grandich of
Grandich Publications LLC ("Grandich") to provide marketing
services to the Company as of May 1,
2013.
ABOUT PETER
GRANDICH
Peter Grandich entered Wall Street
in the mid-1980s and within three years was appointed Vice
President of Investment Strategy for a leading New York Stock
Exchange member firm. He went on to hold positions as a market
strategist, portfolio manager for four hedge funds and a mutual
fund that bore his name.
He has given hundreds of interviews to media
including Financial Post, Globe and Mail, US News &
World Report, New York Times, Business
Week, MarketWatch, Business News Network, GMA, Neil Cavuto's Your World on Fox News, The Kudlow
Report on CNBC, Wall Street Journal, Barron's and dozens more.
He is a regular speaker at investment conferences around the globe,
has edited numerous investment newsletters and is a sought after
commentator.
Grandich is the publisher and editor
of The Grandich Letter, first published in 1984.
On his internationally-followed blog, he comments daily about the
world's economies and financial markets with his experience gained
from more than 30 years in and around Wall Street.
Grandich's wildly-popular blog provides an insightful and intuitive
look at business, finances and the world, set in a vernacular that
just about anyone can understand.
Grandich will receive $2,000 per month from Prima. The contract may be
terminated by either party with 30 days' notice after three
months. Grandich will also receive 100,000 incentive options
at an exercise price of $0.10 valid
for 5 years assuming the marketing agreement remains in place.
OPTION GRANT
Including this option grant to Grandich, the Company has issued a
total of 1,500,000 incentive options at an exercise price of
$0.10 valid for 5 years to Directors,
Officers and Consultants to the Company.
ABOUT PRIMA FLUORSPAR
Prima is expanding an historic fluorspar resource on 22,500 ha
(55,000 acres) of 100%-owned claims in British Columbia.
HIGHLIGHTS ABOUT PRIMA'S HISTORIC
RESOURCE*
- 3.2 million tonnes at an average grade of 32% fluorspar*
- Mineralization at surface
- 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
- Uses: Refrigeration, aluminum and steel smelting,
consumer products like Teflon® and GORE-TEX®, medicines, cement,
and petroleum-based fuels
- $2.4 billion/annum market
- North American Purchasers: Chemical Companies - Dupont,
Honeywell; Aluminum Producers: Rio Tinto Alcan (Kitimat)
Please feel free to contact me at any time
rbick@primafluorspar.com or at 604-681-1568.
For more information about Prima please
visit: http://primafluorspar.com/
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 are 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