Manicouagan Retains Investor Relations Consultant and Grants Stock Options
14 April 2010 - 11:05AM
Marketwired
Manicouagan Minerals Inc. (TSX VENTURE: MAM) is pleased to announce
that it has entered into an Investor Relations consulting agreement
dated April 7, 2010 with Andreas Curkovic.
The consulting agreement provides for a monthly consulting fee
of $5,000 plus GST and the issuance of 250,000 incentive stock
options vesting quarterly over a period of twelve months. The
options have a term of five years, but will expire 90 days
following the termination of the agreement. The consulting
agreement, which is subject to the approval to the TSX Venture
Exchange, continues on a monthly basis but may be terminated on 30
days written notice.
Stock Options Granted
Manicouagan Minerals also announced today that its Board has
approved the issuance of 3,200,000 options under the Company's
Stock Option Plan. These options are being granted to directors,
officers, consultants and employees of the Company, and are
exercisable into common shares of the Company at a price of $0.10
per share. Subject to the rules of the TSXV and the Company's Stock
Option Plan, the options have a term of five years and will expire
on April 13, 2015.
About Manicouagan
Manicouagan Minerals Inc. is a Canadian based exploration
company focused on advancing its gold projects in the Pickle Lake
Gold Belt, Ontario. Manicouagan also has a pipeline of commodity
projects including the Brabant Lake Zinc deposit in Saskatchewan,
together with the Mouchalagane Nickel/Copper/PGE project and the
HPM/Forgues Nickel/Copper/Cobalt project, both in Quebec.
All statements other than statements of historical fact,
included in this release, including, without limitation, statements
regarding potential mineralization and reserves, exploration
results and future plans and objectives of the Company, are
forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from the Company's expectations are exploration risks
detailed herein and from time to time in the filings made by the
Company with securities regulators.
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.
Contacts: Manicouagan Minerals Inc. Joseph Baylis President and
Chief Executive Officer (416) 360-3038 Andreas Curkovic Investor
Relations (416) 577-9927
investorrelations@manicouaganminerals.com
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