Crown Gold Engages Investor Relations Group and Announces Grants of Options
10 Febbraio 2011 - 2:45PM
Marketwired
Crown Gold Corporation ("Crown") (TSX VENTURE: CWM) is pleased to
announce that it has entered into an investor relations agreement
(the "Agreement") with Investor Cubed Inc. ("Investor Cubed") to
provide investor relations and shareholder communications services
to Crown effective February 10, 2011.
Investor Cubed will assist Crown in working with members of the
financial community, potential investors and current shareholders
to keep them informed and up-to-date on Crown's activities.
The Agreement will be for a term of one year which may be
terminated after 3 months by either party. In consideration for the
services of Investor Cubed, Crown will pay a fee of $5,000 per
month. Crown will also grant Investor Cubed options to purchase
300,000 shares of Crown at $0.15 and options to purchase 300,000
shares of Crown at $0.25 for a period of 2 years with 1/4 of the
options vesting immediately and 1/4 of the options vesting every 3
months thereafter.
Investor Cubed is an investor relations company owned by Neil
Simon and Alan Huycke, both of Toronto, Ontario. Investor Cubed is
not related to Crown and does not have any direct or indirect
interest in Crown or its securities, other than the stock options
as described below. All matters reported herein are subject to TSX
Venture Exchange ("TSXV") approval.
Crown also announces that it has, pursuant to its stock option
plan, granted options to purchase an additional 200,000 Crown
shares at prices between $0.15 and $0.25 to a consultant for a
2-year term with 100,000 of the options vesting immediately and
100,000 of the options vesting 3 months thereafter.
Crown, formed by the recent amalgamation of Crown Minerals and
Gold Summit, is exploring for high grade gold and silver deposits
in Nevada and Ontario. In Nevada, Crown has NI 43-101 compliant
inferred resources totaling approximately 337,000 ounces of gold at
its Monte Cristo and Sugarloaf properties. These are the most
advanced of five, high-grade, epithermal vein systems controlled by
Crown. The existing resources at Monte Cristo and Sugarloaf remain
open along strike and at depth. Planning for further exploration
and underground or open-pit development is underway. The three
other Nevada properties, Blue Sphinx, Gold Springs and Black
Warrior, all contain well-defined, essentially undrilled
targets.
In Ontario, Crown has reported encouraging assay results from
drilling on its McKenzie Island property at Red Lake. Crown is
planning a new drill program on the McKenzie Island project to
begin in the next few days. Other northwest Ontario properties are
Tabour Lake near Kenora and Surprise Lake in the Uchi Belt, east of
Red Lake. In northeastern Ontario, Crown holds strategic land
positions adjacent to Trelawney's Chester discovery near Gogama, at
the old Stairs Mine near Matachewan and in the Timmins camp.
Information in this news release, including but not limited to
Crown's ongoing relationship with Investor Cubed and the consultant
noted above, constitutes forward-looking information. Statements
containing forward-looking information express, as at the date of
this news release, Crown's plans, estimates, forecasts,
projections, expectations, or beliefs as to future events or
results and are believed to be reasonable based on information
currently available to Crown. There can be no assurance that
forward-looking statements will prove to be accurate. Actual
results and future events could differ materially from those
anticipated in such statements. Readers should not place undue
reliance on forward-looking information.
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this release.
Contacts: Crown Gold Corporation Mr. Stephen Dunn President and
CEO (416) 822-3343 Crown Gold Corporation Dr. Anthony Taylor
Executive Chairman (775) 284-7200 www.crowngoldcorp.com Investor
Cubed Mr. Alan Huycke Principal (416) 366-0010 www.investor3.ca
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