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Island Arc Announces Investor Relations Agreement
Vancouver, British Columbia - Island Arc Exploration Corp. (the
"Company") has entered into an investor relations agreement dated
July 16, 2009 (the "Agreement") with Senergy Communications Inc.
("Senergy"), pursuant to which Senergy will provide investor
relations services to the Company effective July 22, 2009. The Agreement is
for a term of one year, unless terminated earlier by the parties in
accordance with the Agreement. The Agreement and all transactions
contemplated therein are subject to the approval of the TSX Venture Exchange.
Pursuant to the Agreement, Senergy will assist the Company, among other
things, with procuring meetings with various mining analysts and brokers,
developing an advertising program and a program to create investor awareness
of the Company and to contact potential investors, advising and attending
conferences and trade shows and assisting in developing corporate
presentations. In consideration of the services, the Company will pay
Senergy, from its current working capital, a fee of $5,000 per month, payable
on the 22nd business day of each month. The Company will also reimburse
Senergy for all reasonable expenses incurred by Senergy. In addition, the
Company has granted to Senergy 300,000 incentive stock options to acquire
common shares of the Company at an exercise price of $0.10 per share until
July 22, 2010, subject to vesting provisions pursuant to Exchange policies.
About Senergy Communications Inc.
Senergy, with an address at 1980 -1075 West Georgia St. Vancouver, BC, is a
full-service corporate communications firm, providing strategic investor
relations, public relations and marketing solutions. It is wholly owned by
Anthony Zelen. The Company and Senergy are at arms' length to each other.
Other than the stock options granted in connection with the Agreement,
Senergy has no interest, directly or indirectly, in the Company or its
securities, or any right or intent to acquire such an interest.
For additional information, please contact:
James T. Gillis, President & CEO
Telephone: (250) 828-8728
This news release contains certain statements that
may be deemed "forward-looking statements. Forward looking statements
are statements that are not historical facts and are generally, but not
always, identified by the words "expects", "plans",
"anticipates", "believes", "intends",
"estimates", "projects", "potential" and
similar expressions, or that events or conditions "will",
"would", "may", "could" or "should"
occur. Although Island Arc Exploration Corp. believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and
actual results or realities may differ materially from those in forward
looking statements. Forward looking statements are based on the beliefs,
estimates and opinions of Island Arc Exploration Corp.'s management on the
date the statements are made. Except as required by law, Island Arc Exploration
Corp. undertakes no obligation to update these forward-looking statements in
the event that management's beliefs, estimates or opinions, or other factors,
should change.
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 news release.
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