Teryl Resources Engages Torrey Hills Capital as Investor Relations Consultants
August 26 2010 - 9:00AM
Marketwired
Teryl Resources Corp. (TSX VENTURE: TRC)(OTCBB: TRYLF) is pleased
to announce that it has retained San Diego Torrey Hills Capital,
Inc. ("Torrey Hills Capital") to act as investor relations
consultants to the Company.
Torrey Hills Capital is a leading investor and financial public
relations firm specializing in small and micro-cap companies,
primarily in the natural resource sector. Torrey Hills Capital will
increase awareness about Teryl Resources through its established
relationships with investment professionals, investment advisors,
and money managers focused on the microcap market space. This will
allow Teryl Resources to build and maintain an informed investor
audience. Torrey Hills Capital will also provide coverage of Teryl
Resources on its website, www.babybulls.com, a website developed to
showcase and provide exposure for emerging micro-cap companies to
an audience of proven micro-cap investors.
"We are excited about our partnership with Teryl Resources,"
commented Cliff Mastricola, President of Torrey Hills Capital.
"Management has a proven record of success, and with interests in
four gold properties, the Company is one of the main landowners in
the Fairbanks Mining District in Alaska. As a result, we believe
the financial community will have an interest in the story,
particularly as gold and silver continue to challenge new
highs."
Torrey Hills Capital has been engaged for an initial term of six
months at a monthly fee of US$5,000. In addition, the Company has
agreed to the granting of options to purchase 250,000 common shares
of Teryl Resources at a price of CDN$0.19 per share for up to three
years. The agreement is subject to the approval of the TSX Venture
Exchange.
ABOUT TERYL RESOURCES
To date, a total of US$9,000,000 has been expended by the joint
venture partners, with Teryl and Kinross accounting for 20% and
80%, respectively, of total expenditures.
With interests in four gold properties, Teryl Resources Corp. is
one of the main landowners in the Fairbanks Mining District,
Alaska. The Gil project is a joint venture with Kinross Gold
Corporation (TSX: K)(NYSE: KGC) (80% Kinross/20% Teryl). To date
USD $9 million has been expended on exploration by Kinross and
Teryl on the Gil joint venture claims. A USD$1.5 million budget has
been approved for 2010. The Company's other Alaska holdings also
include the Fish Creek Claims, 50% optioned from Linux Gold Corp.
(OTCBB: LNXGF); the Stepovich Claims, where Teryl has a 10% net
profit interest from Kinross; and a 100%-interest in the West Ridge
property. For further information visit the Company's website at
www.terylresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
John Robertson, President
READER ADVISORY
This news release may contain certain forward-looking
statements, including management's assessment of future plans and
operations, and capital expenditures and the timing thereof, that
involve substantial known and unknown risks and uncertainties,
certain of which are beyond the Company's control. There can be no
assurance that such statements will prove accurate, and actual
results and developments are likely to differ, in some case
materially, from those expressed or implied by the forward-looking
statements contained in this press release. Readers of this press
release are cautioned not to place undue reliance on any such
forward-looking statements.
Forward-looking statements contained in this press release are
based on a number of assumptions that may prove to be incorrect,
including, but not limited to: timely implementation of anticipated
drilling and exploration programs; the successful completion of new
development projects, planned expansions or other projects within
the timelines anticipated; the accuracy of reserve and resource
estimates, if any, grades, mine life and cash cost estimates;
whether mineral resources can be developed; title to mineral
properties; financing requirements; changes in laws, rules and
regulations applicable to Teryl, and changes in how they are
interpreted and enforced, delays resulting from or inability to
obtain required regulatory approvals and ability to access
sufficient capital from internal and external sources, the impact
of general economic conditions in Canada, and the United States,
industry conditions, increased competition, the lack of
availability of qualified personnel or management, fluctuations in
foreign exchange, stock market volatility and market valuations of
companies with respect to announced transactions. The Company's
actual results, performance or achievements could differ materially
from those expressed in, or implied by, these forward-looking
statements, including those described in the Company's Financial
Statements, Management Discussion and Analysis and Material Change
Reports filed with the Canadian Securities Administrators and
available at www.sedar.com, and the Company's 20-F annual report
filed with the United States Securities and Exchange Commission at
www.sec.gov. Accordingly, no assurances can be given that any of
the events anticipated by the forward-looking statements will
transpire or occur, or if any of them do so, what benefits,
including the amount of proceeds, that the Company will derive
therefrom.
Readers are cautioned that the foregoing list of factors is not
exhaustive. All subsequent forward-looking statements, whether
written or oral, attributable to the Company or persons acting on
its behalf are expressly qualified in their entirety by these
cautionary statements. Furthermore, the forward-looking statements
contained in this news release are made as at the date of this news
release and the Company does not undertake any obligation to update
publicly or to revise any of the included forward-looking
statements, whether as a result of new information, future events
or otherwise, except as may be required by applicable securities
laws.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in the United
States. The securities of the Company have not been registered
under the United States Securities Act of 1933, as amended (the
"U.S. Securities Act") or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is
available.
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: Teryl Resources Corp. John Robertson President
800-665-4616 www.terylresources.com
Tisdale Resources (TSXV:TRC)
Historical Stock Chart
From Oct 2024 to Nov 2024
Tisdale Resources (TSXV:TRC)
Historical Stock Chart
From Nov 2023 to Nov 2024