VANCOUVER, April 17 /CNW/ - Evolving Gold Corp. (TSXV: EVG) (FSE: EV7)
(the "Company") announces that it has engaged Senergy Communications Inc.
("Senergy") to provide it with marketing and investor communications services.
Senergy Communications Inc. is a British Columbia company, based in
Vancouver, BC and provides investor relations and marketing services to public
companies. Senergy and the Company are at arms-length to one another.
The Company has agreed to pay Senergy a monthly fee of $5,000 for the
one-year term of the agreement which may be renewed on mutually agreeable
terms thereafter. The Company has also granted to Senergy stock options to
purchase 250,000 common shares of the Company at a price of $0.35 for five
years in accordance with the Company's Stock Option Plan and the policies of
the TSX Venture Exchange. Stock Options will vest 25% every three months from
the date of grant. The agreement may be cancelled after 6 months with 30 days
notice by either party and any remaining vested options will be cancelled.
This agreement is subject to the approval of the TSX Venture Exchange.
On April 16, the Company granted 720,000 incentive stock options (The
720,000 options includes the 250,000 options to Senergy) to certain employees,
consultants and officers of the Company at a price of $0.35. 570,000 options
have a 10 year term and 250,000 options have a 5 year term. All options are
subject to regulatory approval.
About Evolving Gold Corp.
Evolving Gold is focused on its discovery property - Rattlesnake Hills,
Wyoming. Evolving has the option to acquire 100% of the Rattlesnake Hills
Evolving also has 8 other gold properties in New Mexico and Nevada
including a lease agreement with Newmont Mining Corporation on four
prospective gold properties (North Carlin District Properties) located within
the prolific Carlin Gold Trend (see press release 12/5/2007).
Evolving Gold has approximately $17 million in its treasury.
For more information about Evolving Gold Corp please visit:
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
Investors can post questions and receive answers or review questions and
answers posted by other investors at the Evolving Gold Corp. IR Hub at
http://www.agoracom.com/IR/evolving. Investors can also e-mail
firstname.lastname@example.org with questions and correspondence or request to be added to
the investor email list to receive all future press releases and updates in
FORWARD LOOKING STATEMENTS: This press release contains forward-looking
statements, which address future events and conditions, which are subject to
various risks and uncertainties. The Company's actual results and financial
position could differ materially from those anticipated in such
forward-looking statements as a result of numerous factors, some of which may
be beyond the Company's control. These factors include: results of exploration
activities and development of mineral properties, fluctuations in the
marketplace for the sale of minerals, the inability to implement corporate
strategies, the ability to obtain financing, currency fluctuations, general
market and industry conditions and other risks disclosed in the Company's
filings with Canadian Securities Regulators.
Forward-looking statements are based on the expectations and opinions of
the Company's management on the date the statements are made. The assumptions
used in the preparation of such statements, 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. The Company
expressly disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future
events or otherwise.
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.
For further information:
For further information: Evolving Gold Corp., Robert Bick, Executive
Chairman, email@example.com, Direct: (604) 685-6375, Toll Free: