Stroud Resources Engages CHF Investor Relations
June 23 2008 - 7:30AM
Marketwired
TORONTO, ONTARIO ("Stroud" or the "Company") today announced
that, subject to TSX Venture Exchange approval, it has retained CHF
Investor Relations (Cavalcanti Hume Funfer Inc.), to develop and
implement an investor relations program for the Company. CHF, with
offices in Toronto, Calgary, New York, Sao Paulo, Brazil; and
Shanghai, China, provides outsourced investor relations services to
a broad range of TSX and TSX Venture-listed companies operating in
mineral exploration and production, high-tech, industrial and
business solutions, niche financial products, oil & gas,
telecommunications, and "green" industries.
Effective immediately, CHF will provide comprehensive investor
relations services for an initial period of twelve months, subject
to earlier termination in certain circumstances. After June 14,
2009, services may continue on an open-ended basis whereby
cancellation by either party requires three months' notice. CHF
will be paid a monthly fee of $6,000 plus allowable disbursements.
Additionally, subject to regulatory approval, Stroud has agreed to
grant incentive stock options to CHF in the amount of 200,000 at
$0.25 granted immediately upon engagement, vesting quarterly over
12 months, expiring in two years time from the grant date; and be
eligible to receive another 200,000 options in month seven of the
contract.
About Stroud Resources Ltd.
Stroud is a debt-free exploration company focused on the
discovery and exploration of silver and gold deposits in Mexico and
Ontario. Stroud owns a 100% interest in the Santo Domingo
epithermal silver-gold project in central Mexico. In addition to
the Santo Domingo project, Stroud's assets include 100% interests
in the Hislop gold property, near Timmins, Ontario and the Leckie
gold property, near North Bay, Ontario. Stroud also generates cash
flow from a 3.75% interest in six natural gas and natural gas
condensate wells in central Alberta.
To receive Company news via email, contact chris@chfir.com and
mention "Stroud news" on the subject line.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news
release.
Contacts: Stroud Resources Ltd. Mr. George Coburn President and
CEO (416) 362-4126 Website: www.stroudresourcesltd.com CHF Investor
Relations Christopher Haldane Account Manager (416) 868-1079 ext.
237 Email: chris@chfir.com
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