/NOT FOR DISTRIBUTION TO US WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES OF AMERICA/
Trading Symbol: TSX-V: GGD
Shares Issued: 60,966,665
HALIFAX, Feb. 7, 2012 /CNW/ - GoGold Resources Inc. ("GoGold") has
retained the Florida-based firm of Michael Baybak & Co., Inc. ("MBC")
as a consultant to provide institutionally oriented investor relations
services on behalf of GoGold. MBC 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.
GoGold will pay MBC a monthly fee of $6,500 (USD) plus expenses, for the
initial twelve month term of the agreement, cancellable upon 30 days
notice in writing at any time after the first six months of service.
The agreement may be renewed by mutual consent following the completion
of the initial term.
Pursuant to the consulting agreement, the company has also agreed to
grant 325,000 incentive stock options to Michael Baybak, exercisable at
a price of $1.53 for a period of three years. The options will vest
quarterly over a period of 12 months. Mr. Baybak currently holds
1,000,000 common shares of GoGold. Other than the stock options
granted to Mr. Baybak pursuant to the consulting agreement, neither MBC
nor Mr. Baybak have any rights to acquire any additional securities of
The consulting agreement with MBC and the grant of the options has been
accepted for filing by the TSX Venture Exchange.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE GOGOLD RESOURCES INC.
For further information:
Terence F. Coughlan, President and CEO,
Sean Tufford, Vice President, Corporate Development
GoGold Resources Inc.,
T: 902 482-1998
F: 902 442-1898
Email : email@example.com
Or visit : www.gogoldresources.com