Lions Gate Metals Announces Signing of Investor Relations Agreement
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/09/11 -- Lions Gate Metals Inc. (TSX VENTURE: LGM) ('Lions Gate' or the 'Company') is pleased to announce the signing of an investor relations agreement with Advanture Capital Partners Inc. ('Advanture Capital') for the provision of investor relations and communications services. The agreement is subject to the approval of the TSX Venture Exchange.
Advanture Capital, an arms-length company based in Vancouver, provides investor relations and marketing services to public companies. Advanture Capital will provide investor relations services including, but not limited to, communication with investors and potential investors, dissemination of information to investors and potential investors through the available mediums, providing advice to the Company regarding corporate development, providing market consultation services. Advanture Capital will not provide market making services.
Lions Gate has agreed to pay Advanture Capital a monthly fee of $7,500 for a 12 months term which may be renewed on mutually agreeable terms thereafter. Lions Gate has also agreed to issue options to purchase 100,000 shares in the Company at a price of $0.80 per share. The options will vest in stages over 12 months in accordance with the policies of the TSX Venture Exchange. The stock option grant is subject to regulatory approval.
Lions Gate also announces that, with reference to the Company's News Release dated January 4, 2011, it had terminated its relationship with Nicola Street Capital Inc. ('NSC') effective January 31, 2011. NSC had been retained by the Company to provide investor relations services. All stock options granted by the Company to NSC were canceled on March 2, 2011.
About Lions Gate Metals
Lions Gate is a Canadian based, junior resource company focused on the exploration, development, and acquisition of both advanced and early stage Copper projects. LGM owns 100% of three substantial copper and molybdenum projects located in British Columbia. LGM's flagship project is the Poplar porphyry copper - molybdenum deposit near Houston, BC. The Huckleberry Mine, located approximately 35 kilometres southwest of the Poplar Deposit, produces copper and molybdenum from a deposit of similar age and setting.
Sincerely on behalf of the Board of Directors,
Arni Johannson, CEO and Chairman of the Board
Lions Gate Metals Inc.
Lions Gate Metals Inc. is a Canadian based, junior resource company focused on the exploration, development, and acquisition of both advanced and early stage mineral projects.
Forward-Looking Statements
Statements in this release that are forward-looking statements, including statements subject to various risks and uncertainties concerning the specific factors identified in the Company's periodic filings with Canadian Securities Regulators. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other exploration data, the potential for delays in exploration or development activities, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties with or interruptions in production and operations, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, regulatory restrictions, including environmental regulatory restrictions and liability, competition, loss of key employees, and other related risks and uncertainties. The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
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:
Lions Gate Metals Inc.
Blair McIntyre
President
(604) 683-7588
www.LionsGateMetals.com