Rio Cristal Resources Appoints Investor Relations Firms
March 07 2011 - 8:30AM
Marketwired
Rio Cristal Resources Corporation ("Rio Cristal") (the "Company")
(TSX VENTURE: RCZ)(BVLAC: RCZ) announces that it has entered into
agreements (the "Agreements") whereby Bernie Kennedy Consulting
Inc. ("BKC") and Global Vista S.A. ("Global Vista") will provide
investor relations services to the Company. Both Agreements are
effective March 1, 2011, have a term of twelve months and are
subject to acceptance by the TSX Venture Exchange.
About Bernie Kennedy Consulting Inc.
BKC is based in British Columbia and provides corporate
communications services to public companies in North America and
specializes in the development and management of customized
marketing programs. Principal Bernie Kennedy brings over 14 years
marketing and corporate communications experience to Rio Cristal
with the goal of raising market awareness and improving the
information conduit between management and Rio Cristal's
shareholder base.
About Global Vista S.A.
Global Vista is a private consulting firm based in Lima, Peru
that specializes in investor and media relations for junior
exploration and mining companies in Peru and Latin America.
Principal Lucia Cestti is a specialist in media and investor
relations.
Services to be Provided
Pursuant to the Agreement with BKC, BKC will provide investor
relations services to Rio Cristal in North America, including
assisting Rio Cristal with its investor relations strategy;
preparing and distributing investor materials; website design,
construction and maintenance; investor telecommunications; and
investor presentations.
Pursuant to the Agreement with Global Vista, Global Vista will
provide investor relations services to RCZ in Peru, including
assisting Rio Cristal with its investor relations strategy;
preparing and distributing investor materials; website design,
construction and maintenance; investor telecommunications; and
investor presentations.
Compensation
Rio Cristal, through its wholly owned Peruvian subsidiary, will
pay BKC a monthly fee of C$5,500 plus applicable taxes. The total
cost to Rio Cristal during the 12 month term will be US$66,000 plus
applicable taxes and approved expenses. Effective March 1, 2011 BKC
will also receive 100,000 options exercisable for a period of 60
months at an exercise price of $.32 per share, with 25% to vest at
the beginning of each three months of the contract.
Rio Cristal, through its wholly owned Peruvian subsidiary, will
pay Global Vista a monthly fee of US$4,200 plus applicable taxes.
The total cost to Rio Cristal during the 12 month term will be
US$50,400 plus applicable taxes and approved expenses. Effective
March 1, 2011 Global Vista will also receive 50,000 options
exercisable for a period of 60 months at an exercise price of $.32
per share, with 25% to vest at the beginning of each three months
of the contract.
About Rio Cristal Resources Corporation
Rio Cristal is a Canadian corporation focused on the discovery
and further development of gold, copper and zinc deposits in Peru.
Rio Cristal's most advanced exploration project is the 18,000
hectare Bongara zinc claim block located in northern Peru. Initial
drilling results confirm that the project is within an important
emerging Mississippi Valley-type zinc district. Rio Cristal expects
to begin a second, 6,000 meter drill campaign in early 2011 when
seasonal rains end.
The Company is completing drilling and analysis at its 2,500
hectare Condor gold project near Nazca, Peru. The principal
economic targets at Condor are gold-mineralized, potentially
bulk-mineable zones hosted in sandstone and volcaniclastic
sequences of Cretaceous to Lower Tertiary age.
Rio Cristal recently acquired an option on the La Cumbre copper
project which includes 4,500 hectares near Nazca, Peru. Initial
surface exploration and permitting are underway. Rio Cristal
expects to drill 5,000 meters in 2011.
ON BEHALF OF THE BOARD OF DIRECTORS
Thomas Findley, President and CEO
Some statements in this news release contain forward-looking
information. These statements include, but are not limited to,
statements with respect to the intended provision of investor
relations services on behalf of Rio Cristal, mineral potential and
planned exploration, development and production activities. These
statements address future events and conditions and, as such,
involve known and unknown risks, uncertainties and other factors,
which may cause the actual results, performance or achievements to
be materially different from any future results, performance or
achievements expressed or implied by the statements. Such factors
include, among others, realized mineralization of properties and
the timing and success of future exploration, development and
production activities.
Information about Rio Cristal Resources Corporation can be found
on Rio Cristal's website, www.riocristalresources.com.
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.
Contacts: For further information for North American investors,
please contact: Rio Cristal Resources Corporation Bernie Kennedy
877-489-4440 investorcanada@riocristalresources.com For information
for Peruvian and Latin American investors, please contact: Rio
Cristal Resources Corporation Lucia Cestti (51) (1) 628-5124
extension 101 investorperu@riocristalresources.com
www.riocristalresources.com
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