TORONTO, ONTARIO--(Marketwired - July 18, 2013) - Canstar Resources Inc. ("Canstar") (News - Market indicators) is pleased to announce that it has retained Karen Willoughby of Toronto, Ontario to provide investor relations services on a consulting basis. Ms. Willoughby, an arm's length consultant, offers news dissemination and public relations services to publicly-traded companies, and will be responsible for maintaining contact with the financial community, shareholders and other stakeholders for the purpose of increasing Canstar's public profile.
Danniel J. Oosterman, President & CEO of Canstar, stated, "We look forward to working with Karen as she raises awareness about Canstar and our flagship Mary March Project, which we continue to explore for base and precious metals."
Ms. Willoughby's consulting agreement is effective as of June 1, 2013, and expires on May 31, 2014, although the agreement will automatically renew on an annual basis unless terminated sooner in accordance with the terms thereof. Ms. Willoughby will receive a monthly fee of $1,500, plus reimbursement of certain expenses, and will be granted 100,000 stock options. The options are exercisable for five years from the date of grant at an exercise price of $0.10 per share, and are subject to vesting over an 18-month period, with one-quarter of the options vesting on the date of grant and one-quarter vesting every 6 months thereafter. The options follow the guidelines set out in Canstar's stock option plan and the policies of the TSX Venture Exchange.
Ms. Willoughby currently holds 450,000 incentive stock options of Canstar. Her consulting agreement and the options to be granted thereunder are subject to the approval of the TSX Venture Exchange.
On behalf of myself and the Board of Directors,
Danniel J. Oosterman, P.Geo, President & CEO
Forward-Looking Statements
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 News Release. This News Release includes certain "forward-looking statements". These statements are based on information currently available to Canstar, and Canstar provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe Canstar's future plans, objectives or goals, including words to the effect that Canstar or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Forward-looking statements are based on Canstar's assumptions regarding, among other things, results of exploration, project development, reclamation and capital costs of Canstar's mineral properties, capital markets activities, and Canstar's financial condition and prospects. As these statements address future events and conditions, by their very nature they involve inherent risks and uncertainties, and so Canstar's actual results could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Canstar's activities; and other matters discussed in this News Release. This list is not exhaustive of the factors that may affect any of Canstar's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on Canstar's forward-looking statements. Canstar does not undertake to update any forward-looking statement that may be made from time to time by it or on its behalf, except in accordance with applicable securities laws.
