Grizzly Discoveries Inc. Retains IR Pro Communications for an Additional One Year Term
April 11 2011 - 5:15PM
Marketwired
Grizzly Discoveries Inc. (TSX VENTURE: GZD) (OTCQX: GZDIF)
(FRANKFURT: G6H) ("Grizzly") is pleased to announce that subject to
approval of the TSX Venture Exchange (the "Exchange"), it has
entered into a new agreement with IR Pro Communications ("IRPC") of
Delta, British Columbia to provide investor relations services
beginning April 1 2011 for a term of twelve months. IRPC has been
providing investor relations services to Grizzly since April 1,
2010.
IRPC will continue to be responsible for assisting Grizzly with
the expansion of its investor relations and corporate
communications.
Grizzly and IRPC are at arm's length and have entered into a new
written agreement for a twelve month term commencing April 1, 2011.
IRPC will receive compensation in the sum of $3,500 per month and
will also be granted stock options ("Options") under Grizzly's
incentive stock option plan to purchase up to 100,000 common shares
of Grizzly ("Shares") at a price of $0.50 per Share, or at such
other price acceptable to the Exchange. The Options are for a term
of two years (unless terminated earlier under the Plan) and vest in
equal quarterly amounts over the first year of the term. IRPC
advises that Nancy Massicotte of IRPC beneficially owns or controls
4,000Shares and rights to acquire 100,000 Shares pursuant to
100,000 Options granted in connection with the original contract
between Grizzly and IRPC in April 2010, and that it provides
investor relations services to "small cap" public companies in
Canada and the United States.
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
(780) 693-2365
For further information, please visit our website at
http://www.grizzlydiscoveries.com or contact Investor
Relations.
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: 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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