ADV Alderon Iron Ore Corp

Alderon Resource Corp. (TSX VENTURE:ADV)(OTCQX:ALDFF)(PINK SHEETS:ALDFF)
("Alderon") is pleased to announce that it has commenced trading on the OTC
market's prestigious tier, OTCQX International as of July 8, 2010 under the
symbol of ALDFF. Investors can find current financial disclosure and Real-Time
Level 2 quotes for Alderon on www.otcqx.com and www.otcmarkets.com.


About OTCQX

The OTCQX Marketplace is the premier tier of the U.S. OTC market.
Investor-focused companies use the quality controlled OTCQX listing platform to
offer investors transparent trading, superior information, and easy access
through their regulated U.S. broker-dealers. The innovative OTCQX platform
offers companies and their shareholders a level of marketplace services formerly
available only on a U.S. stock exchange. For more information and to view a full
list of OTCQX-listed companies, visit www.otcqx.com.


About Pink OTC Markets Inc.

Pink OTC Markets Inc. (OTCQX: PINK) operates the leading electronic interdealer
quotation and trading system for over 9,000 securities not listed on a U.S.
stock exchange. Pink OTC Markets segments these securities into three tiers: the
quality-controlled OTCQX marketplace, the U.S. registered and reporting OTCQB
marketplace, and the speculative trading Pink Sheets marketplace. These three
tiers constitute the third largest U.S. liquidity pool for trading public
company shares, after The NASDAQ Stock Market, Inc. and The New York Stock
Exchange. Our products and services promote market transparency, improve price
discovery, facilitate regulatory compliance, and increase the quality of issuer
disclosure, to the benefit of all OTC market participants. To learn more about
how Pink OTC Markets' products and services make OTC markets more transparent,
informed, and efficient, please visit our websites at www.otcmarkets.com,
www.pinkotc.com and www.otcqx.com or contact us at info@pinkotc.com.


Alderon would also like to announce that it has entered into an independent
contractor agreement dated as of May 15, 2010 (the "F&M Agreement") with Forbes
& Manhattan, Inc. ("Forbes") under which Alderon engages Forbes to provide
financial, legal, administrative, management and geological consulting services
to Alderon as required from time to time. The term of the F&M Agreement is from
July 2, 2010 to December 31, 2012. Under the terms of the F&M Agreement, Alderon
will pay Forbes a monthly base fee of $10,000 plus applicable taxes. In
addition, on July 2, 2010, Alderon paid to Forbes a signing bonus of $30,000,
plus applicable taxes.


Alderon has also entered into an independent contractor agreement dated as of
May 15, 2010 (the "2051580 Agreement") with 2051580 Ontario, Inc. ("2051580")
under which Alderon engages 2051580 to provide the services of Stan Bharti to
act as Executive Chairman of Alderon and to provide financial, management and
business consulting services to Alderon as required from time to time. The term
of the 2051580 Agreement is from July 2, 2010 to December 31, 2012. Under the
terms of the 2051580 Agreement, Alderon will pay 2051580 a monthly base fee of
$10,000 plus applicable taxes. In addition, on July 2, 2010, Alderon paid to
2051580 a signing bonus of $30,000, plus applicable taxes.


About Alderon

Alderon is a leading iron ore exploration and development company in Canada. The
Kami Project is located within an existing iron ore district and is slated for
near term production. The Alderon team is comprised of skilled professionals
with significant iron ore expertise to advance Kami towards production.


For more information on Alderon, please visit our website at www.alderonmining.com.

ALDERON RESOURCE CORP.

On behalf of the Board

Mark Morabito, President & CEO

This news release may contain forward-looking statements. These statements are
based on current expectations and assumptions that are subject to risks and
uncertainties. Actual results could differ materially because of factors
discussed in the management discussion and analysis section of our interim and
most recent annual financial statement or other reports and filings with the TSX
Venture Exchange and applicable Canadian securities regulations. We do not
assume any obligation to update any forward-looking statements.

Alderon Iron Ore Corp (TSXV:ADV)
Historical Stock Chart
From Jun 2024 to Jul 2024

Alderon Iron Ore Corp (TSXV:ADV)
Historical Stock Chart
From Jul 2023 to Jul 2024