Great Western Minerals Group Retains Investor Relations Firmadmin
Great Western Minerals Group Ltd. announced today that it has entered into an investor relations agreement with Stone Communication Services Limited (“SCS”) of Toronto, Ontario (the “Agreement”).
SCS specializes in the execution of tailored, strategic communication programmes for emerging companies and will introduce GWMG to Stone Communications’ network of brokers, analysts and portfolio managers. SCS is a wholly owned subsidiary of Stone Investment Group.
The Agreement has an initial terms of one year, pursuant to which SCS will provide investor relations services to GWMG including the development of investor relations strategies relating to advertising programs and investor awareness and fostering broker and analyst interest in the Company’s activities. As compensation for its services, SCS will receive a retainer fee of $3,500 per month, reimbursement for related expenses and an aggregate of 600,000 options to purchase common shares in the capital of GWMG pursuant to the terms of GWMG’s stock option plan (the “Options”). 150,000 Options will vest immediately and an additional 150,000 Options will vest every three months thereafter with an exercise price of $0.35, $0.40, $0.65 and $0.80 respectively.
Jim Engdahl, President and CEO of Great Western Minerals Group said, “We are very pleased to have Stone Communications working with us to increase the exposure of Great Western Minerals Group throughout the investment community, particularly in Eastern Canada.” Engdahl adds, “Stone has been following us for some time, so they are very familiar with our company, our operations and particularly our unique mine-to-market strategy, and quite capable of presenting our story to existing and prospective investors.”