Trading Symbol: CCY
VANCOUVER, Feb. 8 /CNW/ - Catalyst Copper Corp. (the "Company") has entered into an investor relations agreement with Euroscandic
International Group Consulting Inc. ("Euroscandic"), a company
incorporated under the laws of British Columbia, Canada, located at
#2203 - 1189 Melville Street, Vancouver, BC V6E 4T8.
Euroscandic is a corporate finance and advisory services company
specializing in the natural resources and raw materials sectors.
Euroscandic has been engaged by the Company to provide certain services
to the Company, including organizing and assisting the Company in
executing an institutional road show in Europe. The initial term of
the Euroscandic Agreement is 12 months. The Company will pay
Euroscandic a fee of CAD $250 per month and will grant Euroscandic
400,000 stock options with an exercise price of $0.17 per share for a
period of 2 years, vesting 25% three months following the completion of
the road show, then quarterly thereafter, subject to regulatory
Euroscandic, which is at arm's length to the Company, is owned and
operated by Mr. Scott Eldridge and represented in the agreement by Mr.
Daniel Schieber. Euroscandic has informed the Company that it has no
interest in the directly or indirectly, in the Company or its
securities, or any right or intent to acquire such an interest other
than pursuant to the stock options described above.
Catalyst Copper is a Vancouver-based publicly traded mine development company (TSX-V:
CCY) that optioned the La Verde copper porphyry target from a
subsidiary of Teck Resources Limited.
ON BEHALF OF CATALYST COPPER CORP.
"John W. Greenslade"
John W. Greenslade - President, CEO (Director)
Certain information set forth in this news release may contain
forward-looking statements that involve substantial known and unknown
risks and uncertainties. These forward-looking statements are subject
to numerous risks and uncertainties, certain of which are beyond the
control of the Company, including, but not limited to, risks associated
with mineral exploration and mining activities, the impact of general
economic conditions, industry conditions, dependence upon regulatory
approvals, and the uncertainty of obtaining additional financing.
Readers are cautioned that the assumptions used in the preparation of
such information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on 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 release.
Quality Assurance: The Company employs a system of quality control for
drill results which includes the use of blanks, certified reference
materials (standards) and check assaying. Core is logged on site and
split with a diamond saw. Samples are shipped to Acme Analytical
Laboratories Ltd. for geochemical analysis of copper with all values of
greater than 1.000 parts per million copper being reanalyzed by assay
methods for copper, gold and silver.
SOURCE Catalyst Copper Corp.
For further information:
Corporate Communications Officer: Denby Greenslade, (604) 638-5900