Coronet Metals Inc. Enters Into Consulting Services Agreement With Doyle Investments Inc. and Grants Stock Options
October 12 2011 - 3:04PM
Marketwired
Coronet Metals Inc. (TSX VENTURE:CRF) ("Coronet" or the "Company")
announces that it has engaged Doyle Investments Inc. ("Doyle") of
Vancouver, British Columbia, pursuant to which Doyle has agreed to
provide guidance, marketing and strategic capital markets advice to
the Company. These services include building relationships with
financial professionals, institutional investors and media
contacts.
The initial term of the engagement is one year, commencing
October 1, 2011. In consideration for these services, the company
has agreed to pay Doyle consulting fees in the amount of $10,000
per month, plus reimbursement of certain expenses, and will grant
Doyle stock options to purchase 700,000 Coronet common shares
within 30 days of the commencement of the engagement at an exercise
price equal to the last trade price prior to the grant date. The
options will be exercisable for up to four years. Doyle provides
consulting services to public companies, and is at arm's length to
the Company. The principal of Doyle is Paul Lathigee. Mr. Lathigee
has over 30 years' experience in public markets including serving
as an officer of Toronto Stock Exchange and AMEX listed mineral
exploration companies and providing a variety of investor relations
services.
About Coronet:
Coronet Metals is a fully-funded junior gold exploration and
development company focused on "advanced stage" gold and silver
projects in mining-friendly Latin American jurisdictions. The
proven management team has over 150 years' collective regional
development and production expertise, project funding history, and
public relations experience with governmental, non-governmental and
community groups. For further information, please visit the
Company's website at www.coronetmetals.com.
This news release contains certain forward-looking statements,
and such statements involve risks and uncertainties. The results or
events predicted may differ materially from actual results or
events. Any forward-looking statement speaks only as of the date of
this news release. Except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to
update any forward-looking statement, whether as a result of new
information, future events or results, or any other occurrence.
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: Coronet Metals Inc. Joel Dumaresq Chief Executive
Officer 604-648-3506www.coronetmetals.com
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