Oracle Mining Hires European IR Consultants
October 18 2011 - 10:01AM
Marketwired
Oracle Mining Corp. ("Oracle Mining" or the "Corporation") (TSX
VENTURE:OMN)(OTCQX:OMCCF) announces that it has retained Deutsche
Investor Relations GmbH ("DIRG") and Accent Marketing GmbH
("Accent") to provide Oracle Mining with investor relations
services in Europe. DIRG and Accent are at arm's length to Oracle
Mining.
DIRG is a Berlin-based investor relations firm that provides a
multitude of investor relations services to publicly traded
companies looking to establish support in German-speaking Europe.
DIRG will create an online presence for Oracle Mining through the
creation of a corporate profile on www.wallstreetonline.de, with
the intent of creating a multifaceted investor relations program
based on this profile.
Accent is a Munich-based investor relations firm that provides
investor relations services in Europe through newsletters,
financial journalist introductions, media release distribution and
other services.
Pursuant to an agreement between DIRG and Oracle Mining, DIRG
will be paid EUR2,500 EURO per month to provide services for a
period of one year. Pursuant to an agreement between Accent and
Oracle Mining, Accent will be paid US$15,000 per quarter to provide
services for a period of a minimum of six months.
The Board of Directors has approved and granted stock options to
DIRG and Accent pursuant to the agreements. Options were granted to
DIRG to purchase 100,000 common shares and to Accent for 150,000
common shares in the capital of the Corporation, exercisable for a
period of two years at a price of $1.07 per share and subject to
the terms and conditions of the Corporation's Stock Option Plan and
TSX Venture Exchange approval. The stock options vest quarterly
from the date of grant, with 25% of the options vesting on each of
the dates 3 months, 6 months, 9 months and 12 months from the date
of grant.
About Oracle Mining Corp.
Oracle Mining Corp. (TSX VENTURE:OMN)(OTCQX:OMCCF) is a
Vancouver, Canada-based corporation with a focus on uncovering
overlooked deep-value projects to achieve superior shareholder
returns. The Corporation is the sole owner and operator of Oracle
Ridge Mining LLC and copper mine located 24 km northeast of Tucson,
Arizona. Oracle Mining has cash on hand of approximately $12
million, minimal long-term debt and is managed by an experienced
team of mining professionals with extensive operating and financial
experience.
Forward-looking Statement Disclaimer
This document may contain "forward-looking statements" within
the meaning of Canadian securities legislation. These
forward-looking statements are made as of the date of this document
and Oracle Mining Corp. (hereinafter referred to as the
"Corporation") does not intend, and does not assume any obligation,
to update these forward-looking statements. Forward-looking
statements relate to future events or future performance and
reflect management of the Corporation's expectations or beliefs
regarding future events and include, but are not limited to,
statements with respect to the estimation of mineral reserves and
resources, the realization of mineral reserve estimates, the timing
and amount of estimated future production, costs of production,
capital expenditures, success of mining operations, commodity
prices, environmental risks, unanticipated reclamation expenses,
title disputes or claims and limitations on insurance coverage. In
certain cases, forward-looking statements can be identified by the
use of words such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved" or the negative of these
terms or comparable terminology.
By their very nature forward-looking statements involve known
and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements of the Corporation
to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements. Such factors include, among others, risks related to
actual results of current exploration activities; changes in
project parameters as plans continue to be refined; future prices
of resources; possible variations in ore reserves, grade or
recovery rates; accidents, labour disputes and other risks of the
mining industry; delays in obtaining governmental approvals or
financing or in the completion of development or construction
activities; as well as those factors detailed from time to time in
the Corporation's interim and annual financial statements and
management's discussion and analysis of those statements, all of
which are filed and available for review on SEDAR at www.sedar.com.
Although the Corporation has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events
or results not to be as anticipated, estimated or intended. There
can be no assurance that forward-looking statements will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements.
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: Oracle Mining Corp. Mr. Alex Langer Corporate
Communications 604-689-9293 Oracle Mining Corp. Mr. Jason Mercier
Corporate Secretary
604-689-9261info@oracleminingcorp.comwww.oracleminingcorp.com
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