Ecometals Engages RK Equity Advisors, LLC
03 4월 2008 - 8:01AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: EML)(BERLIN:
GDQ)(FRANKFURT: GDQ) is pleased to announce that it has entered
into an agreement (the "Agreement") with RK Equity Advisors, LLC
("RK") for the provision of investor relations services. The
Agreement shall be effective April 1, 2008, subject to the approval
of the TSX Venture Exchange (the "TSXV"), for a period of twelve
months. Ecometals has the option to renew the Agreement for a
further successive twelve month period.
About RK Equity Advisors, LLC
RK is a private consulting firm based in Forest Hills, New York,
that specializes in brokerage and investor relations, as well as
assisting corporations in gaining increased exposure to various
investors, investment banks and investment professionals in the
European and North American market. RK and Ecometals are
arms-length entities, and RK has no direct or indirect interest in
Ecometals or its securities, other than those Options described
below under "Compensation".
Services to be Provided
Pursuant to the Agreement, RK shall provide investor relations
services, including but not limited to:
- contacting new investors via email and telephone regarding
Ecometals;
- organizing meetings in various cities for current and
prospective Ecometals investors;
- assisting in the preparation of presentation materials;
- assisting in coordinating Ecometals site visits for investors;
and
- other marketing and investor relations tasks as required.
Compensation
Subject to TSXV approval of the Agreement, the Agreement
provides that Ecometals will pay RK a monthly fee of the US
equivalent of $8,000 plus applicable taxes. Ecometals also agreed
to grant to RK options (the "Options") to acquire 600,000 Ecometals
common shares, which shall vest over a period of 18 months in 18
equal, monthly instalments pursuant to the Ecometals stock option
plan. The term of the Options shall be 3 years from date of grant.
The Ecometals board of directors has granted the Options to RK with
an exercise price of $0.50 per common share. The total cost of the
Agreement to Ecometals during the twelve month term will be $96,000
plus approved expenses.
About Ecometals
Ecometals Limited is a Canadian-listed mineral exploration and
development company focused on mineral resources in Latin America.
Ecometals also holds 44.4% of Atomaer Holdings Pty Ltd., a private
Australian holding company.
Cautionary Statement Regarding Forward-Looking Statements
Some of the statements contained in this release are
forward-looking statements. Since forward-looking statements are
not statements of historical fact and address future events,
conditions and expectations, forward-looking statements by their
nature inherently involve unknown risks, uncertainties, assumptions
and other factors well beyond Ecometals' ability to control or
predict. Actual results and developments may differ materially from
those contemplated by such forward-looking statements. Material
factors that could cause actual results to differ materially from
those contained in such forwarding-looking statements include,
among other things, fluctuations in manganese and iron prices;
procurement of required capital equipment and operating parts and
supplies; equipment failure; unexpected geological or hydrological
conditions; inability to enforce legal rights; defects in title;
success of future exploration and development initiatives;
competition; operating performance of the facilities; environmental
and safety risks including increased regulatory burdens; weather
and other natural phenomena; the speculative nature of exploration
and development, including the risks of obtaining necessary permits
and approvals from government authorities; operating hazards, and
availability of labor, materials and equipment; changes in
governmental laws, regulations, economic conditions; changes in
national and local government legislation, taxation, controls,
regulations, policies and political or economic developments. These
forward-looking statements should not be relied upon as
representing Ecometals' views as of any date subsequent to the date
of this release. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
any forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Ecometals Limited - Investors Mark Kesselman Chief
Financial Officer Email: info@ecometalslimited.com Barnes McInerney
Inc. - Media Colin Languedoc Senior Consultant (416) 367-5000 (416)
367-5390 (FAX) Email: clanguedoc@barnesmcinerney.com
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