Halo Resources Engages First Canadian Capital for Investor Relations
TORONTO, ONTARIO -- (Marketwire) -- 10/27/10 -- Halo Resources Ltd. ('Halo' or 'the Company') (TSX VENTURE: HLO)(FRANKFURT: HRLN) is pleased to announce that it has retained First Canadian Capital Corp. ('First Canadian' or 'the consultant') to provide strategic marketing and investor relations services. Under the terms of the agreement, Halo will pay First Canadian C$6,000 per month for a twelve month initial term and grant 250,000 stock options at an exercise price of C$0.45. First Canadian will assist the Company in opening productive dialogue with private investors, analysts, brokers, money managers and other financial professionals. The Consultant will focus on generating market awareness among the investment community as Halo advances its Canadian assets, located in Manitoba and Ontario.
About First Canadian Capital
Based in Toronto and in business for thirteen years, First Canadian Capital Corp. (www.firstcanadiancapital.com) has assisted numerous North American corporations in gaining exposure and recognition within the global investment community.
ON BEHALF OF THE BOARD OF DIRECTORS
Marc Cernovitch, Chairman
About Halo Resources Ltd.
Halo is a Canadian-based resource company focused on the acquisition of near production base and precious base metal deposits. The Company's main focus is the 200 sq. km. Sherridon VMS Property, a combination of mature and grassroots volcanogenic massive sulphide (VMS) copper, zinc and gold exploration opportunities. A 2008 NI43-101 compliant copper-zinc resource, for four of the known deposits in the district, was completed in less than 18 months. The Company has a joint venture interest in the Duport Property, an advanced gold property near Kenora, Ontario and is the operator for contiguous joint venture properties in West Red Lake covering 30 sq. km. The Company is operated by an experienced management team with a growth strategy to develop a diversified portfolio of advanced mining projects.
Forward Looking Statements
This Company Press Release may contain certain 'forward-looking' statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
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:
First Canadian Capital Corp.
416.742.5600 or Toll Free: 1.866.580.8891
www.firstcanadiancapital.com
Halo Resources Ltd.
Michael Joyner
416-619-7539
ir@halores.com
www.halores.com