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CALGARY, ALBERTA--(Marketwire
- Nov. 12, 2010) - Antioquia Gold Inc. (TSX VENTURE:AGD) is pleased to
announce that CHF Investor Relations has been retained for a
twelve-month contract to provide investor relations and market-making
services to the Company which is extendable for up to another twelve
months. CHF is a highly regarded Canadian investor relations firm
headquartered in Toronto operating under the same management for the
past seventeen years.
"It is with great enthusiasm that the Company announces the launch
of a new comprehensive investor awareness campaign. We are eager to
share Antioquia Gold's story with a broader audience. CHF was selected
to provide a solid broker outreach program and on-going investor
relations support that will showcase the Company's growth and
investment opportunity," explained Rick Thibault,
President of Antioquia.
Effective immediately, the services agreement for investor relations
and market-making is for a term of twelve months. Under the terms of
the services agreement, which is subject to TSX Venture Exchange
approval, CHF will receive $7,500 per month in fees and reimbursement
of expenses. CHF has been granted a total of 400,000 options
exercisable at $0.37. The options vest in stages over twelve months
with no more than one quarter of the options vesting in any three-month
period and expire in five years. Upon termination of the contract, CHF
will have 30 days to exercise any vested options as is required for a Tier
2 issuer.
It has been agreed that CHF will initiate a Market Liquidity Program,
more commonly referred to as market-making, through its Calgary office.
An arm's length supportive shareholder, who is not an insider, has
agreed to loan AGD capital for the purposes of market-making. 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.
Prior to the grant of options outlined above, CHF had no direct or
indirect interest in the Company nor 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 energy and
industrial services, mining exploration and producers, oil & gas,
biotech, high-tech, business solutions and products, niche financial
products, and "green" companies. The depth of capital market
experience is formidable dating back to the late 1970's. CHF'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 Antioquia Gold Inc.
Antioquia is a mineral exploration company focused on searching out
precious metals and other mineral opportunities in Colombia and has
been active in Colombia since 2007. Antioquia's principal asset, which
is being actively explored, is its Cisneros Project, located 70
kilometers northeast of Medellin in the Department of Antioquia,
Colombia. At the Cisneros Project the Company has drilled over 11,000
meters, conducted extensive geophysical programs and is well advanced
in the understanding of the deposit type and the path to development.
The Cisneros Project consists of 5,630 hectares and forms the nucleus
of the company's 37,500 hectare land package located throughout
Colombia.
To receive Company news by email, contact holly@chfir.com and
mention "Antioquia Gold" news in the subject line.
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.
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