Nitinat Appoints Victor Cantore to the Board of Directors
April 08 2010 - 11:32AM
Marketwired
Nitinat Minerals Corporation (the "Corporation") (TSX VENTURE: NZZ)
is pleased to announce that Mr. Victor Cantore has been appointed
to the board of director of the Corporation.
Mr. Cantore began his investment career in 1992 as an advisor
for Tasse & Associates. In 1993 he moved to RBC Dominion
Securities, one of the largest brokerage firms in Canada. Since
1999, Mr. Cantore has worked with both public and private companies
organizing and structuring financings mainly in the resource and
high tech sector. Mr. Cantore has held directorships on the board
of various companies both private and public.
Mr. Cantore was appointed to the board of directors after the
resignation of Mr. Vern Briggs. Mr. Briggs resigned to pursue
personal projects. The Corporation would like to thank Mr. Briggs
for his contribution to the Corporation and wish him luck in his
future endeavours.
In addition, the Corporation would also like to announce that it
has retained Gale Capital Corporation ("Gale"), a Vancouver-based
company specializing in corporate finance and communications, to
provide the Corporation with investor relations services.
The agreement between the Corporation and Gale (the "IR
Agreement") is for a period of 24 months. Gale is a full and
comprehensive provider of corporate finance and investor relations
services, and will assist the Corporation in fostering productive,
continuing dialogues with analysts, brokers, investors and other
financial professionals.
Marc Branson, Director of the Corporation stated: "We are
pleased to have retained Gale as a partner within the financial
community. Gale has the experience and expertise to ensure that our
story is communicated widely and accurately and demonstrated the
ability to employ a wide ranging and proactive communications
strategy in a competitive marketplace."
Gale will receive a monthly retainer of $5,000 during the term
of the IR Agreement. The Corporation will also issue, as
compensation, an option to purchase 500,000 common shares at an
exercise price of $0.20 with an expiry date 24 months from the date
of this release. The options granted will vest in accordance with
applicable regulations.
Gale is a leading provider of outsourced investor relations to
Canadian public companies. Gale's strength is its disciplined
marketing approach to the development and execution of strategic,
customized investor relations programs.
The Corporation also announces that it has granted, in addition
to the options issued to Gale, an aggregate 1,000,000 stock options
to a director and a consultant to the Corporation. Each option is
exercisable at $0.20 per common share and is exercisable at any
time until April 6, 2015.
This update contains "forward looking statements" within the
meaning of the United States Private Securities Litigation Reform
Act of 1995 and applicable Canadian securities legislation.
Generally, these forward looking statements can be identified by
the use of forward looking terminology such as "plans",
"anticipated", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases or state that certain actions,
events or results "may", "could", "would", "might" or "will be
taken", "occur" or "be achieved". Nitinat is subject to significant
risks and uncertainties which may cause the actual results,
performance or achievements to be materially different from any
future results, performance, or achievements expressed or implied
by the forward looking statements contained in this release.
Nitinat cannot assure investors that actual results will be
consistent with these forward looking statements and Nitinat
assumes no obligation to update or revise the forward looking
statements contained in this release to reflect actual events or
new circumstances.
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.
Contacts: Nitinat Minerals Corporation Marc Branson Director
604.816.2555
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