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This money has gone to work already...

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Tackler Member Level  Monday, 11/22/04 10:34:09 PM
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This money has gone to work already...

Barker Minerals retains JMCK for IR services

2004-11-10 10:51 ET - News Release

Mr. Louis Doyle reports


Barker Minerals Ltd. has retained JMCK Communications Inc. to perform investor relations services and has issued 50,000 options to its chief financial officer, each option being exercisable into one common share of the company at a price of 35 cents per share for a period of five years, subject to the terms of the company's option plan.

Under the agreement with JMCK, the company may engage JMCK on a month-to-month basis to conduct investor awareness-raising campaigns and it may also engage JMCK's affiliated entities on an ad hoc basis for print or radio advertising at discounted rates. The company will pay a fee of $5,000 per month for each month in which investor awareness-raising campaigns are conducted on its behalf and will issue 300,000 options to JMCK. The agreement with JMCK is for a period of two years, subject to earlier termination in certain circumstances.

The options vest and are exercisable on the following terms: 75,000 options exercisable at 35 cents per share vest upon filing with the TSX Venture Exchange; 75,000 options exercisable at 40 cents per share vest three months thereafter; 75,000 options exercisable at 45 cents per share vest six months thereafter; and 75,000 options exercisable at 45 cents per share vest nine months thereafter. The options are for a two-year term subject to earlier expiry on the occurrence of certain events, including on 30 days from any termination of the agreement.

JMCK Communications is a fully integrated media and communications company with a combination of print, radio and technology-driven direct marketing solutions designed to provide companies with a one-stop, cost-effective way to reach new markets and affluent investors.

Over the past 10 years, Barker Minerals has acquired and advanced exploration on its over 271,000 acres of mineral properties in the Cariboo mining district, which is located along the Cariboo gold district, one of the most mineralized belts in British Columbia. The company has 17 projects at various stages of the exploration process, with five projects having defined drill-ready gold targets and precious metal-bearing, massive sulphide targets on its 100-per-cent-owned properties.

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