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Pitchstone
Engages Investor Relations Firm
Pitchstone Exploration Ltd. (TSX-V: PXP;
“Pitchstone”) is pleased to announce that it has retained JNS Capital Corp. (JNS)
to provide investor relations services. The specific services will be provided
by Jag Sandhu, President of JNS. Mr. Sandhu has a B.A. in economics and has
held positions of vice president corporate development and finance with several
Canadian public companies.
The role of JNS will be to improve shareholder
communications for Pitchstone and expand its field of potential investors.
Steve Blower, President of Pitchstone, commented that “with the large amount of
drilling and other exploration activities we’re undertaking in Canada and Africa
this year, it is important that investors be kept up to date with clear and
regular communication. Jag will help us to be more focused on achieving that.”
JNS is a Vancouver based investor relations
firm specializing in capital market solutions for junior mining companies. In
consideration of the services to be provided, Pitchstone will pay JNS $5,000 per
month and issue 80,000 share purchase options exercisable for a period of five
years at an exercise price of $1.07 per share. The initial term of the contract
is one year and either party may terminate the arrangement with 30 days notice.
Pitchstone is actively exploring for uranium
in four proven districts. The property portfolio features ten projects in the
eastern Athabasca Basin, Saskatchewan, five of which are joint ventured with
Uranium One Inc. and five being 100% owned. In addition, there are four joint
venture projects with Triex Minerals in the Hornby Bay Basin, Nunavut, an
exploration partnership with Cameco and Motapa Diamonds in the Franceville
Basin, Gabon, and an option on three projects in Namibia. Pitchstone has
a unique group of geologists with extensive uranium exploration and production
experience.
On behalf of the Board,
E.A.G. (Ted) Trueman, CEO and Director
For further information contact: Steve Blower,
President, (604) 630 5563,
Mark T. Brown, CFO, (604) 687 3520, or see www.pitchstone.net
The TSX Venture Exchange has
not reviewed and does not accept responsibility for the adequacy or
accuracy of this release. This news release may contain assumptions, estimates,
and other forward-looking statements regarding future events. Such
forward-looking statements involve inherent risks and uncertainties and are
subject to factors, many of which are beyond Pitchstone’s control, that may
cause actual results or performance to differ materially from those currently
anticipated in such statements. |