Finlay Minerals Ltd. press release
Finlay Minerals Ltd. - Investor Relations and Consulting Agreement
TSXV - TSX Venture Exchange · Copper · Gold · Silver · Molybdenum · Zinc · Canada
VANCOUVER, May 3 /CNW/ - Finlay Minerals Ltd. ("the Company") is pleased to announce it has entered into an Investor Relations and Consulting Agreement with Rosemont Advisory Inc. ("Rosemont") of Mississauga, Ontario. Increasing awareness within the investor community is an important aspect of the Company's strategic plan. Management believes the time is right to invest in shareholder communications with its emphasis on continued exploration of the gold rich coppery targets in the Toodoggone mining camp of northern British Columbia. Recent exploration success elsewhere in the Toodoggone, the depth of management experience in porphyry deposit exploration, leads the Company to believe that the Toodoggone is a major gold rich copper porphyry mining camp in waiting. Rosemont's mandate is to increase investor awareness of the Company's plans, activities, investment fundamentals and the results of the Company's exploration and drill programs. Under the 12 month Agreement the services to be provided to the Company are manage and control all of the investor relations activities including communicating with investment dealers, advisors and Rosemont's prospective network with a view to increasing awareness of and interesting the Company and promoting the Company in a positive manner and developing and expanding the Company's shareholder base. Rosemont will also assist the Company in identifying and securing new sources of capital and coordinating regular meetings between the Company, investment dealers, advisors, analysts and shareholders. Rosemont will be paid a fee of $4,000 per month and will also receive stock options to purchase 300,000 common shares exercisable at $0.20 per share during the term of the Investor Relations and Consulting Agreement and shall vest 25% every 90 days from the date of grant. The agreement with Rosemont and granting of the options are subject to the approval of TSX Venture Exchange. Neither Rosemont nor any of its principals has an ownership interest, directly or indirectly, in the Company or its securities except 15,000 shares owned by David Fletcher, nor has the Company granted Rosemont or its principals any right to acquire such an interest other than the 300,000 options to Rosemont.
On behalf of the Board of Directors,
"John Barakso"
John Barakso, Secretary/Director
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.