|By Marketwired .||
|June 12, 2014 11:37 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/12/14 -- WCB Resources Ltd ("WCB" or the "Company") (TSX VENTURE:WCB) announces that it has retained Fig House Communications ("Fig House") and Ironstone Capital Corp. ("Ironstone") to provide investor relations services.
Rebecca Greco, the Principal of Fig House, is an Investor Relations professional with over ten years of industry experience. Through her company she provides targeted IR solutions to a select group of public companies. Ms. Greco has worked in Toronto and London, UK and run two successful private companies in Southern Ontario. She has been a member of the Canadian Investor Relations Institute since 2004.
Fig House will assist the Company in developing a comprehensive investor relations program as well as the implementation of that plan. Fig House will also, among other things, assist in developing the Company's profile with the investment community, target and introduce the Company to prospective investors and analysts and manage those ongoing relationships, assist with the administration of the Company's investor database, organize conferences and roadshows, and increase the awareness of the Company through social media. Fig House will provide services on a consulting basis pursuant to an investor relations consulting agreement dated June 9, 2014. Fig House will receive consulting fees totaling $5,000 per month and Ms. Greco has been granted options to purchase 200,000 shares of WCB at a price of $0.30 per share until June 12, 2016. The options will vest quarterly and will be governed by the provisions of the Company's stock option plan.
Lee Bowles, the Principal of Ironstone, has been providing investor relations services to the Company since November 2012. He has been in the investment business since 1994 and has worked for several leading independent investment dealers in Toronto, New York and London in the areas of fixed income trader, investment banking and institutional equity sales. He is credited with helping build one of Canada's leading resource focused investment dealers. Most recently, he provided institutional equity sales coverage with a focus on European based institutions.
Ironstone's primary responsibilities will be arranging meetings with professional investors and managing relationships with the professional investment community on the Company's behalf, providing awareness of the Company's activities to shareholders, brokers, analysts, and fund managers, and assisting in the preparation of marketing materials. Ironstone will provide services on a consulting basis pursuant to an investor relations consulting agreement dated June 9, 2014. Ironstone will receive consulting fees totaling $3,000 per month and Mr. Bowles has been granted options to purchase 200,000 shares of WCB at a price of $0.30 per share until June 12, 2016. The options will vest quarterly and will be governed by the provisions of the Company's stock option plan.
Fig House and Ironstone will work together to provide an expanded base of prospective investors to the Company and to strengthen the Company's profile within the investment community.
The Company also announces that it has granted options to purchase up to 1,300,000 shares of WCB at a price of $0.50 per share until June 12, 2019 to certain directors, officers and employees of the Company.
About WCB Resources
WCB is an aggressive minerals exploration and development company that brings together a strong, interdisciplinary, and proven management team with the ability to take a project from discovery right through to operation.
WCB's strategy is to build shareholder value through acquisition, exploration and development of copper gold projects. This strategy is being developed by a synthesis of WCB's core skills in project evaluation, structured acquisition, exploration and project development and operations, areas where WCB directors and executives have significant experience.
We believe that our capabilities and experience, combined with an efficient corporate structure, provide tremendous potential upside for investors. WCB is focussed on the exploration and development of the Tier 1 Misima Island Project in Papua New Guinea.
On behalf of the Board of Directors
Cameron Switzer, President and Chief Executive Officer
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.
The Company relies on litigation protection for "forward looking" statements. Actual results could differ materially from those described in the news release as a result of numerous factors, some of which are outside the control of the Company.