Canstar Retains Investor Relations Consultant
July 18 2013 - 8:29AM
Marketwired Canada
Canstar Resources Inc. ("Canstar") (TSX VENTURE:ROX) is pleased to announce that
it has retained Karen Willoughby of Toronto, Ontario to provide investor
relations services on a consulting basis. Ms. Willoughby, an arm's length
consultant, offers news dissemination and public relations services to
publicly-traded companies, and will be responsible for maintaining contact with
the financial community, shareholders and other stakeholders for the purpose of
increasing Canstar's public profile.
Danniel J. Oosterman, President & CEO of Canstar, stated, "We look forward to
working with Karen as she raises awareness about Canstar and our flagship Mary
March Project, which we continue to explore for base and precious metals."
Ms. Willoughby's consulting agreement is effective as of June 1, 2013, and
expires on May 31, 2014, although the agreement will automatically renew on an
annual basis unless terminated sooner in accordance with the terms thereof. Ms.
Willoughby will receive a monthly fee of $1,500, plus reimbursement of certain
expenses, and will be granted 100,000 stock options. The options are exercisable
for five years from the date of grant at an exercise price of $0.10 per share,
and are subject to vesting over an 18-month period, with one-quarter of the
options vesting on the date of grant and one-quarter vesting every 6 months
thereafter. The options follow the guidelines set out in Canstar's stock option
plan and the policies of the TSX Venture Exchange.
Ms. Willoughby currently holds 450,000 incentive stock options of Canstar. Her
consulting agreement and the options to be granted thereunder are subject to the
approval of the TSX Venture Exchange.
On behalf of myself and the Board of Directors,
Danniel J. Oosterman, P.Geo, President & CEO
Forward-Looking Statements
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 News Release. This News Release includes
certain "forward-looking statements". These statements are based on information
currently available to Canstar, and Canstar provides no assurance that actual
results will meet management's expectations. Forward-looking statements include
estimates and statements that describe Canstar's future plans, objectives or
goals, including words to the effect that Canstar or management expects a stated
condition or result to occur. Forward-looking statements may be identified by
such terms as "believes", "anticipates", "expects", "estimates", "may", "could",
"would", "will", or "plan". Forward-looking statements are based on Canstar's
assumptions regarding, among other things, results of exploration, project
development, reclamation and capital costs of Canstar's mineral properties,
capital markets activities, and Canstar's financial condition and prospects. As
these statements address future events and conditions, by their very nature they
involve inherent risks and uncertainties, and so Canstar's actual results could
differ materially from those currently anticipated in such statements for many
reasons such as: changes in general economic conditions and conditions in the
financial markets; changes in demand and prices for minerals; litigation,
legislative, environmental and other judicial, regulatory, political and
competitive developments; technological and operational difficulties encountered
in connection with Canstar's activities; and other matters discussed in this
News Release. This list is not exhaustive of the factors that may affect any of
Canstar's forward-looking statements. These and other factors should be
considered carefully and readers should not place undue reliance on Canstar's
forward-looking statements. Canstar does not undertake to update any
forward-looking statement that may be made from time to time by it or on its
behalf, except in accordance with applicable securities laws.
FOR FURTHER INFORMATION PLEASE CONTACT:
Canstar Resources Inc.
Danniel J. Oosterman, P.Geo
President & CEO
doosterman@canstarresources.com
Canstar Resources Inc.
Karen Willoughby
Director Corporate Communications/Investor Relations
1-866-936-6766
kwilloughby@canstarresources.com
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