Shares outstanding: 142 Million
Symbol & exchange: FGT-V
MONTREAL, Jan. 6 /CNW Telbec/ - Forest Gate Resources Inc. reports that
it has engaged Northern Securities Inc. to act as its financial advisor in
connection with various acquisition opportunities that the company is
In other news, on December 23, 2008, Forest Gate granted stock options to
officers, directors, employees and consultants of the Company. A total of
6,750,000 incentive stock options were issued under the Company's Stock Option
Plan, including 5,250,000 options issued to directors. The options were issued
with an exercise price of $0.10 per share and an expiry date of December 23,
About the Company
Forest Gate Resources Inc. is an oil & gas exploration and production
company. The Company is seeking to increase shareholder value through
participation and development of oil & gas exploration and production projects
in Canada and internationally. The Company's shares trade under the symbol FGT
on the TSX Venture Exchange.
This news release contains certain forward-looking statements, including
statements regarding the business and anticipated financial performance of the
Company. These statements are subject to a number of risks and uncertainties.
Actual results may differ materially from results contemplated by the
forward-looking statements. When relying on forward-looking statements to make
decisions, investors and others should carefully consider the foregoing
factors and other uncertainties and should not place undue reliance on such
forward-looking statements. The Company does not undertake to update any
forward looking statements, oral or written, made by itself or on its behalf.
The TSX Venture Exchange has not reviewed nor does it accept
responsibility for the adequacy or accuracy of this news release.
For further information:
For further information: Robert Kramberger, V-P, Investor Relations,
1-866-666-3040, firstname.lastname@example.org; www.forestgate.ca