North Atlantic Resources Ltd. Retains Renmark Financial Communications Inc. and Small Cap Invest Ltd.
17 February 2011 - 6:55AM
Marketwired
North Atlantic Resources Ltd. (the "Company" or "North Atlantic")
(TSX VENTURE: NAC) is pleased to announce that it has retained the
services of Renmark Financial Communications Inc., a Montreal based
investor relations firm, and Small Cap Invest Ltd., a German based
financial advisory and investor relations firm, to provide investor
relations and financial advisory services.
"We are pleased to announce that we have selected these
professional firms to reinforce North Atlantic's profile in the
financial community and enhance the visibility of our gold
exploration projects in West Africa. We have chosen these firms
because their standards and professional methodologies fit best
with the message we wish to communicate to the investing public,"
noted Scott Waldie, President and CEO of North Atlantic.
Renmark Financial Communications Inc.
Renmark is a full service investor relations firm representing
small, medium and large cap public companies trading on all major
North American exchanges. Renmark will provide general investor
relations services to the Company, assisting with dissemination of
corporate information. The agreement with Renmark is for a 12-month
term starting February 15, 2011, at a monthly fee of $7,000.
Renmark Financial Communications does not have any interest,
directly or indirectly, in North Atlantic or its securities, or any
right or intent to acquire such an interest.
Small Cap Invest Ltd.
Small Cap Invest Ltd. is a financial services provider for small
and mid cap companies, with a focus on growth companies which are
or intend to be listed on a European exchange. The consulting
agreement for investor relations and financial advisory services to
be provided by Small Cap Invest Ltd. is on a month by month basis
and may be terminated by either party on 30 days notice. Small Cap
Invest Ltd. will receive fees of $750 per month plus reimbursement
of applicable disbursements. North Atlantic has also granted to
Small Cap Invest Ltd. an incentive stock option to purchase up to
50,000 common shares of North Atlantic at a price of CAD $0.53 per
share. The term of the option ends on the earlier of (i) February
15, 2016, and (ii) thirty days after the termination date of the
consulting agreement. The option vests as to 12,500 common shares
on each of the dates which is three, six, nine and twelve months
following the date of grant.
Employee Stock Option
The Company has also granted an incentive stock option in
respect of 100,000 common shares to an employee of the Company. The
option was granted pursuant to the Company's existing Stock Option
Plan, is exercisable at $0.53 per share (being the closing price of
the Company's common shares on February 14, 2011), and has a five
year term expiring February 15, 2016.
About The Company
North Atlantic Resources Ltd. is a mineral exploration and
development company focused on exploring for gold in the Republic
Of Mali, West Africa. Our four main projects are the Tiekoumala,
Lakanfla, Diokeba, and Dalakan projects. In recent years, we have
made significant gold discoveries on the Tiekoumala project located
in Southern Mali, and the Lakanfla project located in Western Mali.
North Atlantic has 58,826,124 common shares issued and outstanding
(82,543,018 shares on a fully diluted basis). Please visit our
website www.nac-tsx.com to for more information about our
projects.
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.
Contacts: North Atlantic Resources Ltd. Scott Waldie President
& CEO (416) 703-6348 info@nac-tsx.com Renmark Financial
Communications Inc. Jason Roy (514) 939-3989 or (416) 644-2020
jroy@renmarkfinancial.com Renmark Financial Communications Inc.
Matthew Planche (514) 939-3989 or (416) 644-2020
mplanche@renmarkfinancial.com www.renmarkfinancial.com
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