DGAP-News: Gulfside Minerals LTD.: Gulfside engages Advanture Capital Partners Inc. for Investor Relations Services and --- Announces Flow-Through, Hard Dollar Financing
(firmenpresse) - DGAP-News: Gulfside Minerals LTD. / Key word(s): Corporate Action
Gulfside Minerals LTD.: Gulfside engages Advanture Capital Partners
Inc. for Investor Relations Services and --- Announces Flow-Through,
Hard Dollar Financing
01.03.2011 / 16:21
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Vancouver, B.C - Gulfside Minerals Ltd. ('Gulfside' or the 'Company') (GMG:
TSX-V) is pleased to announce that it has engaged Advanture Capital
Partners Inc. ('Advanture') of Vancouver, B.C. to provide investor
relations, corporate communications and marketing services to the Company.
The Advanture team will use their expertise to implement an investor
relations program that will expose the Company to a broad range of
potential investors, including relevant industry investors and stakeholders
through available mediums including traditional outreach as well as
non-traditional marketing methods.
Robert L. Card, President and C.E.O. of the Company commented: 'We are very
pleased to begin working with Advanture on our new gold property here in BC
and coal interests in Mongolia give us a good story to tell and Advanture
will help us communicate that to investors.'
The Service Agreement ('Agreement') between the Company and Advanture is
for an initial term of twelve (12) months beginning March 1, 2011 and may
be extended upon mutual consent of both parties. In consideration for the
investor relations, corporate communications and marketing services,
Advanture will be paid a monthly fee of $5,500 out of working capital and
will receive 200,000 stock options ('Options') to purchase common shares in
the capital of the Company at an exercise price of $0.10 per share. The
Options will vest over a twelve (12) month period in accordance with the
policies of the TSX Venture Exchange and expire five (5) years from the
date of grant or earlier if the Agreement is terminated prior thereto. The
Agreement is subject to regulatory approval and all terms will be subject
to and in accordance with the rules and regulations of the TSX Venture
Exchange.
Advanture Profile
Advanture Capital Partners Inc. is a Vancouver based public company
development firm focused on partnering with emerging companies to
centralize corporate service functions. Advanture's infrastructure enables
their partners to focus on developing their business and building
shareholder value. For additional information about Advanture, please visit
www.advanturecapital.com.
2.Gulfside Minerals Ltd. ('Gulfside' or the 'Company') (TSX-V: GMG) wishes
to announce that it has arranged a non-brokered private placement of up to
3,000,000 flow-through units ('FT Units') at a price of $0.10 per FT Unit
and 4,000,000 non flow-through units ('NFT Units') at a price of $0.10 per
NFT Unit for total proceeds of $700,000. Each FT Unit shall consists of one
flow-through common share a (a 'FT Share') and one-half of one whole share
purchase warrant ('FT Warrant'). Each FT Warrant entitles the holder to
purchase one common share ('FT Warrant Share') at a price of $0.15 per FT
Warrant Share for a period of 12 months following the closing date. Each
NFT Unit shall consist of one common share (a 'NFT Share') and one whole
share purchase warrant (a 'NFT Warrant). Each NFT Warrant entitles the
holder to purchase one common share ('NFT Warrant Share') at a price of
$0.15 per NFT Warrant Share for a period of 12 months following the closing
date.
In connection with the private placement and subject to regulatory
approval, the Company may pay finder's fees in accordance with the policies
of the TSX Venture Exchange.
All securities will be subject to a four month hold period.
The proceeds of the flow-through financing will be used to conduct
exploration on its recently-acquired Northern Treasure gold property,
located 120 km south of Atlin, BC. The claims are on geological trend 12 km
from the Inlaw/Trapper Lake group (a joint venture between Ocean Park
Ventures Ltd. and Constantine Metal Resources Ltd.) and 70 km from the
Golden Bear mine and mine access road which was developed by Chevron
Minerals of Canada.
On the Northern Treasure property, numerous gossans which may be intensely
oxidized, weathered, or decomposed rock, have been observed over a large
area on the claims in images from air photos. Additionally, a BC Government
regional stream sediment sample returned 602 PPB Gold from Claim # 836803.
The Company has started an analysis of airborne and satellite images as
well as historic information from past exploration, to be followed up by
surface exploration this summer.
The proceeds of the non-flow portion of the financing will be used for
general working capital and in its coal interests in Mongolia.
Alex Burton, P. Eng. P. Geo. a Qualified Person as defined by National
Instruments 43-101, has read and approved the technical information in this
news release.
On Behalf of the Board of Directors,
Gulfside Minerals Ltd.
'Robert L. Card'
Robert L. Card
President
'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.'
Forward-Looking Statements: This document includes forward-looking
statements. Forward-looking statements include, but are not limited to,
statements concerning GMG's planned exploration program in Mongolia and
British Columbia, and other statements that are not historical facts. When
used in this document, the words such as 'could,' 'plan,' 'estimate,'
'expect,' 'intend,' 'may,' 'potential,' 'should,' and similar expressions
are forward-looking statements. Although GMG believes that its expectations
reflected in these forward looking statements are reasonable, such
statements involve risks and uncertainties and no assurance can be given
that actual results will be consistent with these forward-looking
statements. Important factors that could cause actual results to differ
from these forward-looking statements are disclosed under the heading 'Risk
Factors' and elsewhere in the corporation's periodic filings with Canadian
securities regulators.
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relating to the Company or this release please visit the Gulfside Minerals
website at www.gulfsideminerals.com or contact Investor Relations at
604-563-5028 gulfsideminerals(at)advanturecapital.com
End of Corporate News
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114056 01.03.2011
Datum: 01.03.2011 - 16:21 Uhr
Sprache: Deutsch
News-ID 33345
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