Orestone Mining Corp. (TSX Venture Exchange--Symbol: ORS) (the Company) is pleased to announce that it has retained Senergy Communications Inc. (Senergy), of Vancouver, B.C., to provide investor relations services.
Senergy has been retained for an initial period of 3 months (the Term), which commences on April 15th, 2012, to assist the Company in raising brand awareness and company value through a variety of communications functions (see below). In consideration for the investor relations services by Senergy, the Company has agreed to pay Senergy a fee of $2,500 per month plus HST and reimburse Senergy's reasonable out-of-pocket expenses. In addition, the Company has agreed to grant Senergy stock options to purchase 300,000 common shares of the Company at an exercise price of $0.10 per share. Senergy is at arm's length to Orestone Mining Corp., and is owned solely by Mr. Anthony Zelen. Mr. Zelen is the President of Senergy and he directly or indirectly currently owns 1,073,000 common shares of the Company.
Senergy is a full-service corporate communications firm, providing strategic investor relations, public relations, and customized marketing solutions to publicly traded companies since 2006. Senergy specializes in development and coordination of marketing campaigns, database management, press release coordination and dissemination, targeted introduction to the European financial network, and personalized interaction with Senergy's proprietary network of brokers, analysts, and investors. For more information regarding Senergy please visit: www.senergyir.com.
Anthony Zelen, President of Senergy, says We are very pleased to have this opportunity to work with Orestone Mining Corp. and believe that the Company's projects, combined with our industry knowledge and past experience working with public companies, will lead to a successful relationship.
The Company's engagement of Senergy to act as an investor relations service provider, and the grant of stock options to Senergy, are subject to the approval of the TSX Venture Exchange.
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Orestone Mining Corp. is a Canadian based company headquartered in Vancouver, British Columbia. The Company controls a portfolio of gold and gold-copper exploration projects totaling more than 700 square kilometers. The Company is focused on the exploration of its 100% owned Captain Project where Phase I exploration resulted in the discovery of copper/gold mineralization in a porphyry setting. The primary goal for 2012 is to begin to outline this exciting new discovery. For more information please visit: www.orestone.ca
ON BEHALF OF ORESTONE MINING CORP.
President and CEO