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Cream Minerals Limited Grants Stock Options and Hires Investor
Relations Consultant
Vancouver, BC -
Cream Minerals Ltd. (TSX-V - CMA)
("Cream" or the "Company") is pleased to announce that
a total of 6,975,000 incentive stock options have been granted under the
Company's stock option plan to employees, consultants, officers and
directors of the Company at a price of Cdn$0.38 per share. The options are
exercisable on or before March 4, 2016 and will vest immediately, other
than those granted to consultants performing investor relations activities,
which, in accordance with TSX Venture Exchange requirements, will vest over
a twelve month period, with one-quarter of such options vesting in each
three month period. The options are subject to the approval of the TSX
Venture Exchange.
The Company is also pleased to announce that it has retained the services
of Cindy Chu to provide investor relations services, including but not
limited to development of marketing materials, maintenance of investor data
bases, coordination of investor events, attending trade shows, and
contacting potential investors. Ms. Chu has no direct or indirect interest
in the Company but may acquire such interest in the future. Cindy brings
over 15 years experience in the mining and telecommunications industry with
an extensive background in communications, sales and finance. She graduated
from the University of British Columbia with a Bachelor of Commerce
specializing in Marketing. In her most recent roles, Cindy coordinated
private investment events, liaised with prospective investors at trade
shows and conferences.
Ms. Chu will provide the services through Quorum Management Services Inc.
for which she will act as a consultant to provide investor relations
services to the Company as well as other issuers. This arrangement is
subject to the approval of the TSX Venture Exchange. The cost to Quorum for
these services for a twelve month period will be $72,000 plus approved
expenditures, which is payable on a monthly basis. Ms Chu's time will be
apportioned between Cream and other companies in the office on an hourly
billing basis. It is expected that the costs to Cream will not exceed
$36,000.00 for a twelve month period.
Ms. Chu has been granted a total of 200,000 stock options in relation to
her engagement. As outlined above, these options are exercisable at a price
of Cdn$0.38 per share on or before March 4, 2016 and, in accordance with
TSX Venture Exchange requirements, will vest over a twelve month period,
with one-quarter of such options vesting in each three month period.
Cream Minerals is a silver-gold exploration company with properties in
Mexico and Canada. To learn more about Cream Minerals please click here www.creamminerals.com
For further information, please contact:
Frank A. Lang, BA, MA, P.Eng.
Chairman
Michael E. O'Connor
President & CEO
Robert Paul, Investor Relations
Tel: (604) 687-4622 Fax: (604) 687-4212 Toll Free: 1-888-267-1400
Email: info@creamminerals.com
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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