Grizzly Discoveries Retains Investor Relations Consultants
March 25 2011 - 1:17PM
Marketwired
Grizzly Discoveries Inc. (TSX VENTURE: GZD) (FRANKFURT: G6H)
(OTCQX: GZDIF) ("Grizzly" or the "Corporation") is pleased to
announce that it has entered into two consulting agreements with
third parties to provide public and investor relations services to
the Corporation.
On February 1, 2011, the Corporation entered into a consulting
agreement with Wall Street Buy Sell Hold Inc. ("Wall Street") and
Kieran Thomas Consulting Corp. ("Kieran"). Wall Street and Kieran
have been retained for a six month contract to provide public and
investor relations services to the Corporation which is extendable
for up to another six to twelve months. Wall Street and Kieran are
highly regarded investor relations firms headquartered in New York
operating under the same management for the past 3 years.
Effective immediately, the consulting agreement for investor
relations and market making is for a term of six months. Under the
terms of the services agreement, which is subject to TSX Venture
Exchange approval, Wall Street and Kieran will receive $3,000 per
month in fees and reimbursement of expenses. Each of Wall Street
and Kieran has been granted a total of 125,000 options exercisable
at $0.40 per share pursuant to the Corporation's stock option plan.
The options vest in stages over twelve months with no more than one
quarter of the options vesting in any three month period and expire
in five years or earlier in accordance with the Corporation's stock
option plan. Upon termination of the contract, Wall Street and
Kieran will have 30 days to exercise any vested options as is
required for a Tier 2 issuer.
Prior to the grant of options outlined above, Wall Street and
Kieran had no direct or indirect interest in the Corporation nor
its securities.
On February 2, 2011, the Corporation entered into a consulting
agreement with Undiscovered Equities, Inc. ("Undiscovered
Equities"). Undiscovered Equities has been retained until July 2011
on contract to provide public and investor relations services to
the Corporation which is extendable at the Corporation's option.
Undiscovered Equities is a highly regarded investor relations firm
headquartered in Florida operating under the same management for
the past 9 years.
Effective immediately, the consulting agreement for public and
investor relations is for a term of approximately five months.
Under the terms of the services agreement, which is subject to TSX
Venture Exchange approval, Undiscovered Equities will receive
$3,000 per month in fees and reimbursement of expenses.
Undiscovered Equities has been granted a total of 250,000 options
exercisable at $0.40 per share. The options vest in stages over
twelve months with no more than one quarter of the options vesting
in any three month period and expire in five years or earlier in
accordance with the Corporation's stock option plan. Upon
termination of the contract, Undiscovered Equities will have 30
days to exercise any vested options as is required for a Tier 2
issuer.
Prior to the grant of options outlined above, Undiscovered
Equities had no direct or indirect interest in the Corporation nor
its securities.
This news release does not constitute an offer to sell or the
solicitation of an offer to buy any securities of Grizzly in the
United States. The securities described in this news release have
not been and will not be registered under the United States
Securities Act of 1933, as amended, or the securities laws of any
state and may not be offered, sold or delivered in the United
States absent an exemption from registration.
About Grizzly Discoveries Inc.
Grizzly is an aggressive Canadian exploration company focused on
exploring for world class gold and base metal deposits in British
Columbia, and for diamonds and industrial minerals in Alberta. In
British Columbia, Grizzly currently has four precious-base metal
properties totaling over 235,000 acres. It currently holds more
than 600,000 acres in diamond properties which host diamondiferous
kimberlites in the Buffalo Head Hills and Birch Mountains of
Alberta. Grizzly has also acquired metallic and industrial mineral
permits for potash totaling more than 2.43 million acres in Alberta
along the Saskatchewan border.
Grizzly trades on the TSX Venture Exchange under the symbol GZD,
with 34,254,636 Common Shares issued and outstanding.
On behalf of the Board
Grizzly Discoveries Inc.
Brian Testo, President
For further information, please visit our website at
http://www.grizzlydiscoveries.com or contact Investor
Relations:
Forward Looking Statements
This press release includes certain statements that may be
deemed to be forward-looking statements. All statements in this
press release, other than statements of historical facts that
address access to capital, regulatory approvals, exploration
drilling, exploitation activities and events or developments that
the Corporation expects are forward-looking statements. Although
the Corporation believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results
to differ materially from those in forward-looking statements
include market prices, exploitation and exploration successes,
continuity of mineralization, uncertainties related to the ability
to obtain necessary permits, licenses and title and delays due to
third party opposition, changes in government policies regarding
mining and natural resource exploration and exploitation, and
continued availability of capital and financing, and general
economic, market or business conditions. Investors are cautioned
that any such statements are not guarantees of future performance
and actual results or developments may differ materially form those
projected in the forward-looking statements. Readers are cautioned
not to place undue reliance on this forward-looking information,
which is given as of the date it is expressed in this press
release, and the Corporation undertakes no obligation to update
publicly or revise any forward-looking information, whether as a
result of new information, future events or otherwise, except as
required by applicable securities laws. For more information on the
Corporation, investors should review the Corporation's continuous
disclosure filings that are available at www.sedar.com.
Neither the 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: Grizzly Discoveries Inc. Brian Testo President (780)
693-2242 www.grizzlydiscoveries.com IR PRO COMMUNICATIONS Nancy
Massicotte 604-507-3377 or Toll Free: 1-866-503-3377
ir@grizzlydiscoveries.com www.irprocommunications.com
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