Patagonia Gold Corp press release
Goldex Resources signs up with CHF Investor Relations
TSXV - TSX Venture Exchange · Gold · Silver · Arsenic · Antimony · Canada
Apr. 5, 2011 (Baystreet.ca) --
VANCOUVER, BC -- Goldex Resources Corporation (“Goldex” or the “Company”) (TSX.V:GDX) announced today it has retained CHF Investor Relations, a highly regarded Canadian investor relations firm headquartered in Toronto operating under the same management for the past eighteen years.
Charles E.Ross, Director and CFO of Goldex Resources, commented, “Goldex Resources wants to launch a comprehensive investor awareness campaign. To steer these efforts, Goldex has brought in one of Canada’s most respected IR firms. CHF Investor Relations offers a complete spectrum of services from market liquidity assistance to valuation reports which stood out amongst the IR firms we looked at. We’re determined to get the Goldex story in front of new brokers, investment bankers and analysts across Canada.”
Effective immediately, the services agreement for investor relations and market-making is for a term of twelve months, subject to a satisfactory performance review after six months, and may be extended for up to one year. Under the terms of the services agreement, which is subject to TSX Venture Exchange approval, CHF will receive $7,500 per month in fees and reimbursement of expenses. CHF has been granted a total of 600,000 GDX stock options of which 300,000 have an exercise price of $0.25 per share and 300,000 have an exercise price of $0.35 per share. The options vest quarterly over twelve months beginning on July 1, 2011, and have a 5-year term, expiring on March 31, 2016. Upon termination of the services agreement, any vested options will be cancelled after 30 days.
It has been agreed that CHF will initiate a Market Liquidity Program, more commonly referred to as market-making, through its Calgary office. The market-making activity will be conducted using a registered broker, in compliance with IIROC’s Universal Market Integrity Rules & Policies (2010) and other relevant policies, so that trading orders in the Company’s shares are made to manage volatility and improve liquidity.
Prior to the grant of options outlined above, CHF had no direct or indirect interest in the Company or its securities.
About CHF Investor Relations
CHF's effective role is acting as the public company's outsourced, low-cost equivalent to an internal investor relations department. CHF serves an international portfolio of TSX, TSX Venture and CNSX-listed companies, and others that may seek to list on North American Exchanges that operate in a broad range of industries including mining exploration and producers, oil & gas, biotech, high-tech, renewable energy, consumer products and special situations. The depth of capital market experience is formidable dating back to the late 1970's. CHF's head office is in Toronto, with another Canadian office in Calgary and representation in Montreal; as well as branch offices in New York, USA; São Paulo, Brazil; and Shanghai, China.
About Goldex Goldex Resources Corporation is a junior exploration company exploring for gold in the Americas. Goldex’s operations highlight prestigious properties in Mexico and Guatemala, a world-class geology team and a global investment following.
GOLDEX RESOURCES CORPORATION
“Charles E. Ross”
Director and CFO
CHF INVESTOR RELATIONS
Anne Robert, Account Manager
Tel: 514.510.6338
Email: anne@chfir.com
To receive corporate news updates send your email to stephanie@chfir.com and mention ‘Goldex News’ on the subject line.
GOLDEX RESOURCES CORPORATION
Suite 2110 – 1177 West Hastings Street
Vancouver, BC, Canada V6E 2K3
Tel: 604.669.4300
Fax: 604.909.4682
Email: len@goldex.ca
Website: www.goldex.ca
Neither the 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.
Forward-Looking Statements
The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein.