Trading Symbol: CCY
VANCOUVER,
Feb. 1 /PRNewswire/ - Catalyst
Copper Corp. (the "Company") has entered into an investor
relations agreement with General Research GmbH ("General
Research"), a company incorporated under the laws of Germany, located at Burgstrasse 12, D-80331
Munich, Germany
General Research, an investor relations firm, is
at arm's length to the Company and will provide a variety of
investor relations services to the Company, including assisting
with the dissemination of news and information to the public and
initiating and maintaining contact with the investment community in
Europe. The initial term of the General Research Agreement is
6 months. The Company will pay General Research a fee of CAD
$5,500 per month and has granted
General Research 300,000 stock options with an exercise price of
$0.16 per share for a period of 5
years, vesting 25% quarterly in the first year and subject to
regulatory approval. General Research is owned and operated
by Dr. Georg Hochwimmer.
The Company also announced that its Board of Directors approved
the granting of stock options under its stock option plan to
employees, consultants, officers, and directors of the Company to
acquire up to an aggregate of 6,410,000 common shares of Catalyst
Copper Corp. (the "Stock Options"). The Stock Options are
exercisable for a period of ten years, commencing January 31, 2011, at a price of $0.16 per share.
Catalyst Copper is a Vancouver-based publicly traded mine
development company (TSX-V: CCY) that optioned the La Verde copper
porphyry target from a subsidiary of Teck Resources Limited.
ON BEHALF OF CATALYST COPPER CORP.
"John W. Greenslade"
John W. Greenslade - President,
CEO (Director)
Certain information set forth in this news release may
contain forward-looking statements that involve substantial known
and unknown risks and uncertainties. These forward-looking
statements are subject to numerous risks and uncertainties, certain
of which are beyond the control of the Company, including, but not
limited to, risks associated with mineral exploration and mining
activities, the impact of general economic conditions, industry
conditions, dependence upon regulatory approvals, and the
uncertainty of obtaining additional financing. Readers are
cautioned that the assumptions used in the preparation of such
information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on 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
release.
Quality Assurance: The Company employs a system of quality
control for drill results which includes the use of blanks,
certified reference materials (standards) and check assaying. Core
is logged on site and split with a diamond saw. Samples are shipped
to Acme Analytical Laboratories Ltd. for geochemical analysis of
copper with all values of greater than 1.000 parts per million
copper being reanalyzed by assay methods for copper, gold and
silver.
SOURCE Catalyst Copper Corp.
Copyright b. 1 PR Newswire