Grizzly Discoveries Inc. Retains IR Pro Communications
05 April 2010 - 11:46PM
Marketwired Canada
Grizzly Discoveries Inc. (TSX VENTURE:GZD) (FRANKFURT:G6H) ("Grizzly") is
pleased to announce that subject to approval of the TSX Venture Exchange (the
"Exchange"), it has retained IR Pro Communications ("IRPC") of Delta, British
Columbia to provide investor relations services.
IRPC will be responsible for assisting Grizzly with the expansion of its
investor relations and corporate communications. Brian Testo, President and CEO
of Grizzly states, "We are very pleased to be working with Nancy Massicotte and
her team at IR Pro Communications. We believe that enhancing our communications
strategy will add substantial value to Grizzly by increasing public and investor
awareness of Grizzly's aggressive mineral property acquisition and exploration
strategies."
Grizzly and IRPC are at arm's length and have entered into a written agreement
for an initial three month term commencing April 1, 2010. IRPC will receive
compensation in the sum of $3,000 per month and will also be granted stock
options ("Options") under Grizzly's incentive stock option plan to purchase up
to 100,000 common shares of Grizzly ("Shares") at a price of $0.40 per Share, or
at such other price acceptable to the Exchange. The Options are for a term of
two years (unless terminated earlier under the Plan) and vest in equal quarterly
amounts over the first year of the term. IRPC advises that it does not hold any
Shares or rights to acquire Shares other than the Options and that it provides
investor relations services to "small cap" public companies in Canada and the
United States.
About Grizzly
Grizzly is an aggressive Canadian exploration company focused on exploring for
world class gold and base metal deposits in British Columbia and diamonds and
industrial minerals in Alberta. In British Columbia, Grizzly currently has four
precious base metal properties totaling over 225,000 acres. It currently holds
more than 1 million acres in diamond properties which host diamondiferous
kimberlites in the Buffalo Head Hills and Birch Mountains of Alberta. Grizzly
has also acquired metallic and industrial mineral permits for potash totaling
more than 1.43 million acres along the Saskatchewan-Alberta border.
Grizzly trades on the Exchange under the symbol GZD, with 26,006,969 common
shares issued to date.
On behalf of the Board
Grizzly Discoveries Inc.
Brian Testo, President
Grizzly Discoveries (TSXV:GZD)
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