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Wildcat Exploration Ltd. (TSX VENTURE:WEL
- News) today announced
that CHF Investor Relations has been retained to provide investor relations
and market-making services to the Company effective immediately. CHF is a
highly regarded Canadian investor relations firm headquartered in Toronto
operating under the same management for the past eighteen years.
"We are embarking on a very active winter
drilling season on three of our gold projects on the Rice Lake greenstone
belt and our Burntwood project in the prolific
Thompson nickel belt. For this reason we feel that new investor relations
initiatives, launched now and guided by CHF Investor Relations, are likely to
positively engage the investment community and set the stage for Wildcat
Exploration to leap ahead in 2011 and beyond," explained John Knowles,
President and CEO of Wildcat.
Subject to TSX Venture Exchange approval, the
services agreement for investor relations and market-making is for a term of
24 months while subject to a mutually satisfactory review of services
conducted in the seventh month. Anytime during the second year of the
Contract cancellation may be tendered upon three months' termination notice.
CHF will receive up to $7,500 per month in fees plus reimbursement of
expenses. CHF has been granted a total of 1,500,000 options with 500,000
exercisable at $0.12; 500,000 exercisable at $0.18; and 500,000 exercisable
at $0.30. The options expire in five years and vest in stages over twelve
months with no more than one quarter of the options vesting in any
three-month period. Upon termination of the contract, CHF will have 30 days
to exercise any vested options.
Under the agreement, CHF will also implement its
Market Liquidity Program, more commonly referred to as market-making, through
its Calgary office. This Program will be undertaken by CHF through a
registered broker, Mackie Research Corporation, in compliance with the
guidelines set out in Policy 3.4 of the TSX Venture Exchange Corporate
Finance Manual. A further announcement will follow when market-making is
ready to commence in the New Year.
Prior to the grant of options outlined above, CHF
had no direct or indirect interest in the Company or its securities.
About CHF Investor Relations
CHF's effective role is acting as the public
company's outsourced, low-cost equivalent to an internal investor relations
department. CHF serves an international portfolio of TSX/TSX Venture and CNSX
listed companies, and others that may seek to list on North American
Exchanges that operate in a broad range of industries including mining
exploration and producers, oil & gas, energy and industrial services,
biotech, high-tech, business solutions and products, niche financial
products, and "green" companies. The depth of CHF's capital market
experience is formidable dating back to the late 1970's. The company's head
office is in Toronto, with another Canadian office in Calgary; as well as
branch offices in New York, USA; Sao Paulo, Brazil; and Shanghai, China.
About Wildcat Exploration Ltd.
Wildcat Exploration Ltd. is a Winnipeg-based company
exploring for gold and base metals in Canada. Its portfolio includes: (1)
several gold projects in the Rice Lake greenstone belt in Manitoba; (2) the McVicar gold property in the Uchi
Subprovince of Ontario, (3) the Reed base metal and
PGE project in the Flin Flon-Snow
Lake greenstone belt in Manitoba; (4) the Burntwood
nickel project in the Thompson nickel belt in Manitoba; and (5) the Foster
zinc-lead-silver project in Saskatchewan. The Company seeks to continuously
upgrade its property portfolio through exploration and accretive
transactions.
The Company's public filings, including its most
recent audited consolidated financial statements, can be reviewed on the
SEDAR website (www.sedar.com).
Source: Wildcat Exploration Ltd.
Neither the 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.
Contact:
Cathy Hume
CHF Investor Relations
CEO
(416) 868-1079 ext. 231
(416) 868-6198 (FAX)
cathy@chfir.com
John Knowles
Wildcat Exploration Ltd.
President & CEO
(204) 944-8916
(204) 944-8918 (FAX)
Suite 203, 1780 Wellington Avenue
Wildcat Exploration Ltd.
Winnipeg, Manitoba, R3H 1B3
info@wildcat.ca
www.wildcat.ca |