VANCOUVER, Feb. 23 /CNW/ - Uracan Resources Ltd. (TSX-V:URC) ("Uracan" or the "Company") has entered into an investor relations agreement (the "IR Agreement")
effective December 2010 with San Diego Torrey Hills Capital, Inc.
("Torrey Hills"), a company incorporated under the laws of the
California, located at 2190 Carmel Valley Road, Suite G, Del Mar,
Torrey Hills is a leading investor and financial public relations firm
specializing in small and micro-cap companies, primarily in the natural
resource sector operating at arm's length to the Company. Torrey Hills
has been retained to increase awareness about Uracan through its
established relationships with investment professionals, investment
advisors, and money managers focused on the microcap market space. This
will allow Uracan to build and maintain an informed investor audience
in both the U.S and Canadian marketplace.
Torrey Hills has also agreed to develop a profile on Uracan for coverage
on its website, www.babybulls.com, a website developed to showcase and provide exposure for emerging
micro-cap companies to an audience of proven investors.
Torrey Hills has been engaged for an initial term of twelve months at a
monthly fee of US$5,000 with an option to renew for a further term at
the mutual agreement of both parties. In December 2010 Uracan granted
Torrey Hills options to purchase 300,000 common shares, pursuant to the
Company's stock option plan, at a price of $0.29 for up to five years
subject to TSX Venture Exchange vesting requirements.
Uracan Resources Ltd. is a uranium exploration company, exploring for
near or at-surface, bulk tonnage style uranium mineralization in
Canada. Uracan is led by a team of proven exploration and mine
entrepreneurs and mine-builders. www.uracan.ca.
Neither the 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.
The foregoing information may contain forward-looking statements
relating to the future performance of Uracan Resources Ltd.
Forward-looking statements, specifically those concerning future
performance, are subject to certain risks and uncertainties, and actual
results may differ materially. These risks and uncertainties are
detailed from time to time in the Company's filings with the
appropriate securities commissions.
SOURCE URACAN RESOURCES LTD.
For further information:
|Gregg J. Sedun ||David Fry|
|President & CEO ||Corporate Development|
|604-682-5580 ||1-877-508-U3O8 (8308)|