GBN: TSX Venture Exchange
SASKATOON, April 27 /CNW/ - Golden Band Resources Inc. (GBN: TSXV) announced today the engagement of Mr. Tony Perri of Vancouver, British Columbia, to assist in the Company's Investor Relations activities. Mr. Perri has been involved with Investor Relations for publicly traded companies for over 10 years. Tony joined Ron Netolitzky's team in 2005 and has managed all the investor relations and marketing activities for four of Ron's companies since then. Over the past five years, Mr. Perri has helped raise over $40 million in private placement financings for Santoy Resources, Skeena Resources, and Brett Resources.
Golden Band Resources will pay Mr. Perri a monthly fee of $3,000 for professional services and has granted him 350,000 stock options. The engagement is for a one-year initial term, and the options will be granted as follows: 150,000 after signing of a consulting agreement with Mr. Perri by Golden Band; a second tranche of 100,000 after four-months; and a third tranche of 100,000 after eight-months. The stock options will vest according to the Company's Stock Option Plan, with 25% vesting on granting and 12.5% vesting each quarter thereafter, have a term of five years, and have an exercise price of $0.28, being the closing price on April 26, 2010. Mr. Perri currently either directly or indirectly holds less than 0.1% in Golden Band Resources.
On behalf of the Board of Directors of Golden Band Resources Inc.,
"Ronald K. Netolitzky"
Ronald K. Netolitzky, Executive Chairman
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.
SOURCE Golden Band Resources Inc.
For further information: For further information: Gary Haywood, P.Eng., COO, Golden Band Resources Inc., Phone: (306) 955-0787 x7124, Fax: (306) 955-0788, Email: email@example.com; Investor Relations: Raju Wani, (403) 240-0555, Tony Perri, (604) 682-6852, Email: firstname.lastname@example.org, www.goldenbandresources.com