Analyst Coverage on Montero Initiated by Jacob Securities Inc.
28 Mayo 2012 - 8:00AM
Marketwired Canada
Montero Mining and Exploration Ltd. (TSX VENTURE:MON) ("Montero") would like to
report that Jacob Securities Inc. has initiated analyst coverage on Montero
Mining & Exploration Ltd.
The full research report can be obtained directly from Luisa Moreno at Jacob
Securities Inc.
Luisa Moreno, Ph.D., Analyst
+1(416) 866-8380 or by email: lmoreno@jacobsecurities.com
Investor Relations Agreement Announcement
Montero also announces that the agreement with Renmark Financial Communications
Inc. has been terminated on April 30, 2012, with a 30-day notification period.
About Montero Mining & Exploration
Montero Mining and Exploration Ltd. Is a mineral exploration and development
company engaged in its flagship Rare Earth Elements (REE) Project Wigu Hill in
Tanzania and has phosphate assets in South Africa and uranium assets in Tanzania
and Quebec, Canada. The flagship Wigu Hill REE Project is a high-grade,
undeveloped Light Rare Earth Element deposit, where the current focus is on
updating the initial NI 43-101 Mineral Resource Estimate and advancing the
hydro-metallurgical testwork with Mintek. Montero has a fast-track strategy to
advance a portion of the Wigu Hill deposit to the mining and production stage in
the short-term while further defining a larger deposit. With China's control
over export quotas, it is becoming imperative that the rest of the world
develops new rare earth resources to meet the increasing demand from "green"
technology and high-tech applications.
Montero's growth strategy is to develop and de-risk the Wigu Hill Rare Earth
Element project and to bring this to account through eventual rare earth
production and cash flow, while operating in an environmentally and socially
responsible manner. Montero trades on the TSX Venture Exchange under the symbol
MON.
Signed. Dr. Tony Harwood - President and CEO
CAUTIONARY STATEMENT: This News Release includes certain "forward-looking
statements". These statements are based on information currently available to
the Company and the Company provides no assurance that actual results will meet
management's expectations. Forward-looking statements include estimates and
statements that describe the Company's future plans, objectives or goals,
including words to the effect that the Company or management expects a stated
condition or result to occur. Forward-looking statements may be identified by
such terms as "believes", "anticipates", "expects", "estimates", "may", "could",
"would", "will", or "plan". Since forward-looking statements are based on
assumptions and address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Actual results relating to, among
other things, results of exploration, project development, reclamation and
capital costs of the Company's mineral properties, and the Company's financial
condition and prospects, could differ materially from those currently
anticipated in such statements for many reasons such as: changes in general
economic conditions and conditions in the financial markets; changes in demand
and prices for minerals; litigation, legislative, environmental and other
judicial, regulatory, political and competitive developments; technological and
operational difficulties encountered in connection with the activities of the
Company; and other matters discussed in this news release. This list is not
exhaustive of the factors that may affect any of the Company's forward-looking
statements. These and other factors should be considered carefully and readers
should not place undue reliance on the Company's forward-looking statements. The
Company does not undertake to update any forward-looking statement that may be
made from time to time by the Company or on its behalf, except in accordance
with applicable securities laws.
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