Goldstrike Retains Investor Relations Firm, Sets Options
06 August 2011 - 3:21AM
Marketwired
Goldstrike Resources Ltd. (TSX VENTURE: GSR) has retained the
Vancouver-based firm of King James Capital Corporation to conduct
media awareness and investor relations programs on behalf of the
Company.
Headed by Mr. Jeff Stuart, King James is a media-relations
specialist focused on the natural resource sector. Mr. Stuart has
worked as a licensed Investment Advisor and with several public
companies. He has been involved in arranging financing for mining
exploration and development projects in Canada, the United States,
Mexico, Venezuela and Guyana. He has extensive financial community
contacts throughout North America and Europe, and will assist the
Company in communicating the results of its 2011 exploration
program in the Yukon to the investment community.
The Company has agreed to pay King James Capital a fee of $1,500
per month on a month-to-month basis, and has granted it options to
purchase up to 100,000 common shares at $0.70 per share for a
period of five years, subject to earlier termination in accordance
with their terms. The options will vest and become exercisable as
to 25% on the last day November 5, 2011 and as to an additional 25%
each three months thereafter.
The Company has also granted incentive stock options exercisable
to purchase up to an aggregate of 3,290,000 shares of the Company
to the Company's Chief Financial Officer and to several consultants
to the Company. 2,900,000 options are exercisable at the price of
$0.70 per share until August 5, 2021, subject to any earlier
termination in accordance with their terms. The balance of the
options will vest as to 8.34% each three months over 36 months and,
subject to vesting, will be exercisable at the price of $0.70 per
share until August 5, 2016, subject to any earlier termination in
accordance with their terms.
All option grants are subject to acceptance by the TSX Venture
Exchange. Shares issued pursuant to the exercise of such options
will not be subject to resale restrictions.
Goldstrike is a well-financed mineral exploration company with
twenty-four discrete exploration projects in the Yukon. For more
detailed information on these properties and the Company, refer to
Goldstrike's web site at www.goldstrikeresources.com.
GOLDSTRIKE RESOURCES LTD.
Reimar Koch, President
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Goldstrike Resources Ltd. Jeff Stuart (604) 681-1820
(604) 681-1864 (FAX) info@goldstrike.com
GoldStrikeResources.com
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