CATALYST ENTERS INTO AGREEMENT WITH EUROSCANDIC INTERNATIONAL GROUP CONSULTING Inc. & GRANTS OPTIONS
Feb. 8, 2011 (PR Newswire) --
Trading Symbol: CCY
VANCOUVER - Catalyst Copper Corp. (the "Company") has entered into an investor relations agreement with Euroscandic International Group Consulting Inc. ("Euroscandic"), a company incorporated under the laws of British Columbia, Canada, located at #2203 - 1189 Melville Street, Vancouver, BC V6E 4T8.
Euroscandic is a corporate finance and advisory services company specializing in the natural resources and raw materials sectors. Euroscandic has been engaged by the Company to provide certain services to the Company, including organizing and assisting the Company in executing an institutional road show in Europe. The initial term of the Euroscandic Agreement is 12 months. The Company will pay Euroscandic a fee of CAD $250 per month and will grant Euroscandic 400,000 stock options with an exercise price of $0.17 per share for a period of 2 years, vesting 25% three months following the completion of the road show, then quarterly thereafter, subject to regulatory approval.
Euroscandic, which is at arm's length to the Company, is owned and operated by Mr. Scott Eldridge and represented in the agreement by Mr. Daniel Schieber. Euroscandic has informed the Company that it has no interest in the directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest other than pursuant to the stock options described above.
Catalyst Copper is a Vancouver-based publicly traded mine development company (TSX-V: CCY) that optioned the La Verde copper porphyry target from a subsidiary of Teck Resources Limited.
ON BEHALF OF CATALYST COPPER CORP.
"John W. Greenslade"
John W. Greenslade - President, CEO (Director)
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, risks associated with mineral exploration and mining activities, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, and the uncertainty of obtaining additional financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. 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.
Quality Assurance: The Company employs a system of quality control for drill results which includes the use of blanks, certified reference materials (standards) and check assaying. Core is logged on site and split with a diamond saw. Samples are shipped to Acme Analytical Laboratories Ltd. for geochemical analysis of copper with all values of greater than 1.000 parts per million copper being reanalyzed by assay methods for copper, gold and silver.
SOURCE Catalyst Copper Corp.
It's all happened before and it will all happen again. Might as well profit from it.
