VANCOUVER, Sept. 27, 2012 /CNW/ - Robert L. Card, President of Arrowstar
Resources Ltd., ("Arrowstar" or the "Company") (TSXV: AWS), is pleased
to announce that it has engaged Lawrie Koyle ("Koyle") of Vancouver
B.C. to provide investor relations, corporate communications and
marketing services to the company.
The Mr. Koyle will use his expertise to implement an investor relations
program that will expose the Company to a broad range of potential
investors including relevant industry investors and stakeholders
through available mediums including traditional outreach marketing
Robert L. Card, President and C.E.O. of the Company commented: "We are
very pleased to begin working with Mr. Koyle on our Iron Ore projects
in Alaska, Quebec and Labrador."
The Service Agreement ("Agreement") between the Company and Mr. Koyle is
for an initial term of twelve (12) months beginning September 26, 2012
and may be extended upon mutual consent of both parties. In
consideration for the investor relations, corporate communications and
marketing services, Koyle will be paid a monthly fee of $4,500 out of
working capital of the Company and will receive 200,000 stock options
("Options") to purchase common shares in the capital of the Company at
an exercise price of $0.10 per share. The options will be vest over a
twelve (12) month period in accordance with the policies of the TSX
Venture Exchange and expire five (5) years from the date of grant or
earlier if the Agreement is terminated prior thereto. The Agreement is
subject to regulatory approval and all terms will be subject to and in
accordance with the rules and regulations of the TSX Venture Exchange.
In addition, the Company has granted additional 910,000 stock options to
Directors, Officers and employees under the Company's Stock Option
On Behalf of the Board of Directors,
Arrowstar Resources Ltd.
"Robert L. Card"
Robert L. Card
"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."
Forward-Looking Statements: This document includes forward-looking statements. Forward-looking
statements include, but are not limited to, statements concerning AWS's
planned exploration programs and other statements that are not
historical facts. When used in this document, the words such as
"could," "plan," "estimate," "expect," "intend," "may," "potential,"
"should," and similar expressions are forward-looking statements.
Although AWS believes that its expectations reflected in these forward
looking statements are reasonable, such statements involve risks and
uncertainties and no assurance can be given that actual results will be
consistent with these forward-looking statements. Important factors
that could cause actual results to differ from these forward-looking
statements are disclosed under the heading "Risk Factors" and elsewhere
in the corporation's periodic filings with Canadian securities
SOURCE: Arrowstar Resources Ltd.
For further information:
604-687-7828 or 778-889-4871