TORONTO, ONTARIO, May 26 -- Continental Nickel Limited (TSX VENTURE: CNI) ("Continental Nickel" or the "Company") provides additional information regarding compensation relating to the appointment of Marguerite Manshreck-Head of MMH Investor Relations Inc. ("MMH") who has been engaged to provide investor relations services to the Company, as previously announced on May 20, 2010.
Under the terms of the appointment, Ms. Manshreck-Head will provide consulting and advisory services relating to the Company's Investor Relations initiatives on per diem consultancy rate of $1,200 per day. It is anticipated that Ms. Manshreck-Head will provide approximately 40 days of investor relations advisory services this year to the Company for total compensation of approximately $48,000. The service contract can be terminated without advance notice. There is no penalty for termination, and there is no minimum or guaranteed amount of consulting service. The appointment is subject to regulatory approval. Ms. Manshreck-Head does not own any securities in the Company.
Ms. Manshreck-Head has twenty-seven years of international experience in the mining industry and thirteen years in investor relations. Before starting her own investor relations consulting company in 2003, she spent twenty years with Falconbridge Limited in various roles involved with market research, cobalt marketing and investor relations. MMH will be responsible for further developing an investor relations strategy that will strengthen the Company's profile and visibility amongst the financial and investment community, including analysts, portfolio managers and retail investors. Ms. Manshreck-Head also brings a strong understanding of the nickel industry which will be supportive to the Company's overall strategy.
Ms. Manshreck-Head holds an Honours BA in Economics from Concordia University (Montreal, Quebec) and a Masters (Diplome) from the Graduate Institute of International Studies (Geneva, Switzerland). She has been a member of the Canadian Institute of Investor Relations (CIRI), Ontario Chapter, since 1997 and served on the Board of Directors from 2000 to 2006 in a number of roles including President, Past President and Treasurer.
About Continental Nickel
Continental Nickel Limited is focused on the exploration, discovery and development of nickel sulphide deposits in prospective, but under-explored regions globally. Current projects include its 70% controlling interest in the Nachingwea project in Tanzania, where NI 43-101 Mineral Resources have been defined, and an option joint venture on the St. Stephen project in New Brunswick, Canada. Continental Nickel has 38,943,664 shares issued and outstanding (45,806,514 on a fully-diluted basis) and trades on the TSX Venture Exchange under the symbol CNI. The Company remains well funded with C$13.5 million in the treasury.