PRIMA COLOMBIA HARDWOOD INC. RETAINS NEW YORK FINANCIAL ADVISORY FIRM EAS ADVISORS LLC AND GRANTS STOCK OPTIONS

 TSX-V: PCT

VANCOUVER, May 4 /CNW/ - Prima Colombia Hardwood Inc. (TSX-V:PCT) ("Prima Colombia" or the "Company") has entered into an agreement (the "Agreement") with EAS Advisors LLC ("EAS"), a company located at 785 Fifth Avenue, New York, NY, in the United States of America.

EAS, a financial advisory firm, is at arm's length to the Company and will provide a variety of equity capital market services including assisting Prima Colombia with developing its presence in the U.S. and abroad through research coverage, company publications, presentations and general corporate issues including capital raising.  Through the dissemination of news and information to the public and initiating various new contacts with the investment community, EAS hopes to bring Prima Colombia increased shareholder awareness in the coming months.

The initial term of the Agreement is one year, commencing April 29, 2011. Prima Colombia will pay EAS a fee of $5,000 per month, plus reimbursement of certain expenses, and will grant EAS stock options to purchase 2,000,000 common shares exercisable up to and including June 30, 2014 at various exercise prices ranging from $0.28 to $0.50 per common share with quarterly vesting restrictions.  EAS is owned and operated by Edward Sugar.  The Agreement is subject to the approval of the TSX Venture Exchange.

About Prima Colombia
Prima Colombia Hardwood Inc., is a TSX Venture Exchange-listed Canadian based forest products company focused on international tropical hardwood timber development, production and marketing.  Prima Colombia's operations are located near Bahia Solano, Department of Choco on the west coast of the Republic of Colombia.  The harvesting will be carried out using sustainable, selective, low intensity, helicopter logging which is both highly regarded as having low environmental impact and involves no 'clear cutting'.

 

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 news release.

 

SOURCE Prima Colombia Hardwood Inc.

For further information:

Donald P. Hayes
Chief Executive Officer & Director
Suite 880-1090 West Georgia Street
Vancouver, British Columbia
V6E 3V7     
Tel: 604-630-7600
Fax: 604-630-7610
www.primahardwood.com
Fred Leigh
Vanguard Shareholder Solutions
Suite 1205 - 1095 West Pender Street 
Vancouver, British Columbia
V6E 2M6    
Tel: 604-608-0824
Fax: 604-688-0854
www.vanguardsolutions.ca

 

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Prima Colombia Hardwood Inc.

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