VANCOUVER, Feb. 17 /CNW/ - Jazz Resources Inc. (JZR: TSX-V) is pleased to announce that it has retained Jose M. Perez of Delta, BC to provide corporate development and investor relations services. The term of the agreement is one (1) year. Mr. Perez will be responsible for the development and implementation of an investor relations program, liaising with investment dealers and advisors to increase awareness within the investment community, and addressing current and prospective shareholders' queries.
In consideration of the services to be provided, Jazz will pay Mr. Perez a monthly retainer of $3,000 (in addition to out of pocket expenses) and has granted Mr. Perez 150,000 options exercisable at $0.45 per share. The options will expire five (5) years from the grant date (February 9, 2010) and are subject to applicable vesting provisions and approval by the TSX Venture Exchange. The vesting schedule will commence on February 9, 2010 with 18,750 Options vesting on that date; thereafter, 18,750 Options will vest every three (3) months with the last 18,750 options vesting on November 9, 2011.
Since 2002 Mr. Perez has provided corporate development, investor relations and administrative services, as a consultant, to reporting and non-reporting issuers.
Mr. Perez does not currently own any common shares of Jazz.
About Jazz Resources Inc.
Jazz Resources is a junior resource mining company focused on acquiring, exploring, and developing mineral properties. The objective of the Company is to carry out its exploration program on the Teddy Glacier, Spider Mine, and Burniere properties located in the Revelstoke mining district of B.C. Canada.
On behalf of the Board of Directors,
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.
This press release contains forward-looking statements. All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.
All such forward-looking information and statements are based on certain assumptions and analyses made by the Company's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to: risks related to the exploration and potential development of the Company's projects, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as those factors discussed in the sections relating to risk factors of the Company set out in certain of the Company's disclosure documents filed on SEDAR.
There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.
SOURCE Jazz Resources Inc.
For further information: For further information: JAZZ RESOURCES INC., 2394 W. Broadway, Vancouver, BC, V6K 2E5, Telephone: (604) 733-4830, Fax: (604) 736-8584, Email: firstname.lastname@example.org