Alrosa plans production cuts and staff reduction for 2025
The miner may cut its labor costs by 10%, which could involve layoffs among its 35,000 staff.
Vancouver, British Columbia--(Newsfile Corp. - November 21, 2024) - Pluto Ventures Inc. (CSE: PLTO) ("Pluto" or the "Company") is pleased to announce that it has entered into an agreement (the "Services Agreement") with Fairfax Partners Inc. ("Fairfax"), pursuant to which Fairfax has agreed to provide a number of services which may be considered "Investor Relations Activities" under the policies of the Canadian Securities Exchange. Pursuant to the Services Agreement, Pluto will pay Fairfax an aggregate cash fee of $5,000 per month plus applicable taxes for a period of 12 months and month-to-month subsequently.
Fairfax is an investor relations and marketing consultancy firm headquartered in Vancouver, and it is arm's length to Pluto. To the Company's knowledge, Fairfax holds no securities of the Company.
Fairfax' principal is Daniel Southan-Dwyer who will provide the Services per the Service Agreement.
Fairfax Partners' address is #306 - 1238 Seymour Street, Vancouver, British Columbia, V6B 6J3 and can be contacted via e-mail at [email protected] or via telephone 1-604-366-6277.
On Behalf of the Board of Directors
Lawrence Tsang, P.Geo.President and Chief Executive Officer
For further information:[email protected]1-604-366-6277
Forward-Looking Information Advisory
This press release contains "forward-looking information", which is disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action The following table identifies the significant forward-looking information in this press release, and states the material factors or assumptions used to develop the forward-looking information, as well as the material risk factors that could cause actual results to differ materially from the forward looking information.
Pluto's views regarding possible events, conditions or financial performance may change. However, Pluto does not intend to update the forward-looking information in this press release, except as required by applicable securities legislation.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved or disapproved of the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230982
