Geologix Re-Appoints Investor Relations Consultant And Grants
Vancouver, B.C., October 1, 2008 Geologix Explorations Inc. (the
"Company") has re-appointed Grandich Publications LLC to assist with
the Company's public and investor relations and communications program.
The appointment is effective October 1, 2008. Grandich has provided
similar services for the Company over a number of periods since October
2003 and most recently early this year.
Grandich Publications, LLC publishes The Grandich Letter (first
published in 1984) which provides coverage of the metals and mining
industry. Grandich Publications LLC is a New Jersey based public and
investor relations firm owned by Peter Grandich.
Under the terms of the consulting agreement, Grandich Publications LLC
will receive a fee of $2,000 (U.S.) per month on the first day of each
month for a term of six months. Grandich has also been granted a stock
option to purchase 50,000 shares at a price of $1.00 for a period of
two years. Either party may terminate the agreement with 30-day notice.
Grandich Publications LLC and its principal, Peter Grandich, are at
arm's length to the Company. The Company is unaware whether Grandich
owns any shares or other securities of the Company.
The Company also announces it has granted, pursuant to its Stock Option
Plan, Stock Options to certain of its directors, employees, officers,
and consultants to purchase an aggregate of 615,000 common shares at an
exercise price of $1.00 per share for a period of 5 years.
Geologix Explorations Inc. is a mineral exploration company focused on
acquiring, exploring and developing gold properties in North and South
America. The Company has a wealth of experience in the mining industry
taking early stage exploration prospects to final feasibility and
ultimately to production.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Copyright (c) 2008 GEOLOGIX EXPLORATIONS INC. (GIX) All rights
reserved. For more information visit our website at
http://www.geologix.ca/ or send mailto:firstname.lastname@example.org