VANCOUVER, Feb. 14 /CNW/ - Prima Colombia Hardwood Inc. (TSX-V:PCT) ("Prima Colombia" or the "Company") has entered into an investor relations agreement (the "IR Agreement")
with Vanguard Shareholder Solutions Inc. ("Vanguard"), a company
incorporated under the laws of the British Columbia, located at Suite
1205 - 1095 West Pender Street, Vancouver, BC.
Vanguard, 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. The initial term of the IR Agreement is one
year, commencing February 14, 2011. Prima Colombia will pay Vanguard a
fee of $10,000 per month, plus reimbursement of certain expenses, and
will grant Vanguard stock options to purchase 500,000 common shares at
a price of $0.25 per share exercisable for up to five years. Vanguard
is owned and operated by Paul J. Lathigee.
Prima Colombia also announces that pursuant to the Company's Stock
Option Plan, a total of 850,000 incentive stock options have been
granted to employees of the Company exercisable at a price of $0.25 per
share for a period of 10 years.
About Prima Colombia
Prima Colombia Hardwood Inc. is a TSX Venture Exchange-listed Canadian
based forest products company focused on international tropical
hardwood timber development, production and marketing. Prima
Colombia's operations are located near Bahia Solano, Department of
Choco on the west coast of the Republic of Colombia. The harvesting
will be carried out using sustainable, selective, low intensity,
helicopter logging which is both highly regarded as having low
environmental impact and involves no 'clear cutting'.
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 news
SOURCE Prima Colombia Hardwood Inc.
For further information:
|Donald Hayes |
Chief Executive Officer and Director
Director Communications & Corporate Secretary
|Suite 880 - 1090 West Georgia St. |
Vancouver, BC V6E 3V7