Newcastle Retains Incorporated Communications Services for Investor Relations
January 07 2011 - 8:29AM
Marketwired
Newcastle Minerals Ltd. (TSX VENTURE: NCM) is pleased to announce
that it has retained the Los Angeles-area firm of Incorporated
Communications Services ("ICS") to conduct an
institutionally-oriented investor relations program on behalf of
the Company, subject to regulatory acceptance. Headed by Mr. Garry
Pollack, ICS is a long-term institutional and media investor
relations specialist in the natural resource sector, with a focus
on introducing Canadian resource companies of merit to broader
institutional and retail investor audiences.
ICS has been retained for one year at CDN$7,000 per month, plus
direct expenses, to provide financial relations, media relations
and market development services. Newcastle has the option of
cancelling the agreement after the first six months of service and
may renew the agreement after the first year of service. Newcastle
will also grant 750,000 incentive stock options to principals of
ICS, exercisable at a price of $0.10 per share for a period of
three years. The options will vest in four equal quarterly
tranches. Neither ICS nor its employees presently have a direct or
indirect interest in Newcastle securities.
Newcastle Minerals Ltd. is a Canadian gold and base metal
exploration company trading on the TSX Venture Exchange (TSX
VENTURE: NCM). The company is advancing its three key properties:
its 120-hectare Carscallen Property in the West Timmins area of
Ontario, its 11,100-hectare Pickle Lake Property in northwestern
Ontario and its 6,600-hectare property located in the Swayze
greenstone belt of Ontario near Trelawney Mining and Exploration
Inc.'s Chester Project.
ON BEHALF OF THE BOARD
Michael Romanik, President
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: Newcastle Minerals Ltd. Michael Romanik President
Direct line: (204) 724-0613 info@newcastleminerals.com
www.newcastleminerals.com
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