CBM Asia Development Corp. (CBM Asia or the Company) (announces that due to a sharp increase in the level of interest from the UK investment community the Company has retained the service of Buchanan Communications Ltd., subject to the acceptance of the TSX Venture Exchange.
Buchanan Communications Ltd., based in London, UK, will provide investor relations services to the Company including communication with shareholders and the investment community, roadshow management, timely distribution of corporate information and research/feedback from investors. In consideration for its services, the Company has agreed to pay Buchanan a fee of GBP1,000 per month commencing January 1, 2013, subject to the Company’s right to terminate the retainer upon one month’s notice. Buchanan has advised CBM Asia that it does not currently own, directly or indirectly, any of the Company’s securities or have the right to acquire any such securities.
“Over the past year we have seen a marked increase in the level of interest in our company by UK investors”, comments CBM Asia’s President and CEO Alan Charuk. “To help us facilitate this new demand we have retained Buchanan which has a long history of providing IR related services for natural resources companies. With Buchanan’s support we plan to increase our investor base in the UK which itself has a rich history of international investment particularly in Asia.”
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