Trading Symbol: CCY
VANCOUVER, Feb. 1 /CNW/ - Catalyst Copper Corp. (the "Company") has entered into an investor relations agreement with General Research
GmbH ("General Research"), a company incorporated under the laws of
Germany, located at Burgstrasse 12, D-80331 Munich, Germany
General Research, an investor relations firm, is at arm's length to the
Company and will provide a variety of investor relations services to
the Company, including assisting with the dissemination of news and
information to the public and initiating and maintaining contact with
the investment community in Europe. The initial term of the General
Research Agreement is 6 months. The Company will pay General Research a
fee of CAD $5,500 per month and has granted General Research 300,000
stock options with an exercise price of $0.16 per share for a period of
5 years, vesting 25% quarterly in the first year and subject to
regulatory approval. General Research is owned and operated by Dr.
The Company also announced that its Board of Directors approved the
granting of stock options under its stock option plan to employees,
consultants, officers, and directors of the Company to acquire up to an
aggregate of 6,410,000 common shares of Catalyst Copper Corp. (the
"Stock Options"). The Stock Options are exercisable for a period of ten
years, commencing January 31, 2011, at a price of $0.16 per share.
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