Owner
Post by Franko10 ™ on Dec 6, 2007 8:39:19 GMT -5
MORGAIN ANNOUNCES INVESTOR RELATIONS APPOINTMENT
AND GRANT OF STOCK OPTIONS
Vancouver, BC, August 3, 2007 – Morgain Minerals Inc. (“Morgain”) (TSX-V: MGM) has engaged International Financial Consulting International Coordination Ltd. (“IFC”) of Hannah Bay Estates, Sea Cows Bay, Tortola, British Virgin Islands as an investor relations consultant to provide international investment promotional services to Morgain.
The investor relations agreement (the “Agreement”) is effective immediately, and is for a term of 12 months. As sole compensation for its services, IFC will be granted options under Morgain’s stock option plan entitling it to purchase up to a total of 500,000 common shares at an exercise price to be determined in accordance with the TSX Venture Exchange (“TSX-V”) policies as at the date the options are granted.
The options will vest up to a maximum of 125,000 options every three months commencing on the third month after the date of this Agreement, with the amount of options vested based upon services provided by IFC in the preceding three months as reviewed and determined quarterly by Morgain’s Board of Directors. The options will be granted upon receipt of the TSX-V acceptance of the Agreement.
Services provided by IFC under the agreement include:
1. Guidance with the amalgamation of Morgain and Aurogin Resources Ltd.;
2. Diversification of Morgain’s shareholder base with a focus on long-term investors;
3. Assist with scheduling and attendance on meetings with institutional investors, shareholders, potential shareholders, the financial community and the media;
4. Assist with the development of a complete public relations and marketing program;
5. Assist in providing advice and guidance to Morgain in its relationship with trade and the financial media;
6. Assist with the creation and maintenance of Morgain’s contact lists and implementation of an effective web-based marketing strategy including regular electronic update services.
IFC is a private company incorporated in the British Virgin Islands, solely-owned by James Mark Plaxton. IFC provides international investment promotion services. It currently owns an aggregate of 1,995,265 common shares of Morgain which represents an aggregate of 2.7% of Morgain’s current issued and outstanding share capital.
Morgain Minerals Inc. is an emerging gold producer focused in Mexico. Morgain is currently developing its 100% owned Castillo Gold Project located in the State of Durango, Mexico and expects to start producing gold this quarter.
Visit Morgain’s website www.morgainminerals.com for the latest corporate information.
ON BEHALF OF MORGAIN MINERALS INC.
Christopher E. Babsmall thingy
President and CEO
For further information, please contact:
Court Babsmall thingy, Investor Relations: 604.643.1727
Coal Harbour Communications Inc. (Dale Paruk): 604.662.4505 or Toll-free 1.877.642.6200
CAUTION REGARDING FORWARD LOOKING STATEMENTS:
This news release may contain forwarding-looking statements, including but not limited to the services to be provided under the investor relations agreement and securities to be issued by Morgain. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release.
AND GRANT OF STOCK OPTIONS
Vancouver, BC, August 3, 2007 – Morgain Minerals Inc. (“Morgain”) (TSX-V: MGM) has engaged International Financial Consulting International Coordination Ltd. (“IFC”) of Hannah Bay Estates, Sea Cows Bay, Tortola, British Virgin Islands as an investor relations consultant to provide international investment promotional services to Morgain.
The investor relations agreement (the “Agreement”) is effective immediately, and is for a term of 12 months. As sole compensation for its services, IFC will be granted options under Morgain’s stock option plan entitling it to purchase up to a total of 500,000 common shares at an exercise price to be determined in accordance with the TSX Venture Exchange (“TSX-V”) policies as at the date the options are granted.
The options will vest up to a maximum of 125,000 options every three months commencing on the third month after the date of this Agreement, with the amount of options vested based upon services provided by IFC in the preceding three months as reviewed and determined quarterly by Morgain’s Board of Directors. The options will be granted upon receipt of the TSX-V acceptance of the Agreement.
Services provided by IFC under the agreement include:
1. Guidance with the amalgamation of Morgain and Aurogin Resources Ltd.;
2. Diversification of Morgain’s shareholder base with a focus on long-term investors;
3. Assist with scheduling and attendance on meetings with institutional investors, shareholders, potential shareholders, the financial community and the media;
4. Assist with the development of a complete public relations and marketing program;
5. Assist in providing advice and guidance to Morgain in its relationship with trade and the financial media;
6. Assist with the creation and maintenance of Morgain’s contact lists and implementation of an effective web-based marketing strategy including regular electronic update services.
IFC is a private company incorporated in the British Virgin Islands, solely-owned by James Mark Plaxton. IFC provides international investment promotion services. It currently owns an aggregate of 1,995,265 common shares of Morgain which represents an aggregate of 2.7% of Morgain’s current issued and outstanding share capital.
Morgain Minerals Inc. is an emerging gold producer focused in Mexico. Morgain is currently developing its 100% owned Castillo Gold Project located in the State of Durango, Mexico and expects to start producing gold this quarter.
Visit Morgain’s website www.morgainminerals.com for the latest corporate information.
ON BEHALF OF MORGAIN MINERALS INC.
Christopher E. Babsmall thingy
President and CEO
For further information, please contact:
Court Babsmall thingy, Investor Relations: 604.643.1727
Coal Harbour Communications Inc. (Dale Paruk): 604.662.4505 or Toll-free 1.877.642.6200
CAUTION REGARDING FORWARD LOOKING STATEMENTS:
This news release may contain forwarding-looking statements, including but not limited to the services to be provided under the investor relations agreement and securities to be issued by Morgain. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release.
