OAKVILLE, ON, March 4, 2014 /CNW/ - Canoe Mining Ventures Corp. (TSXV: CLV) ("Canoe") is pleased to announce it has hired Toronto-based Fridgelight Media Incorporated to manage traditional investor relations and to develop a digital communications strategy for Canoe. Under the terms of the 12 month contract, Fridgelight Media Incorporated will be paid CAD $3,350 monthly and Luke Vigeant has been appointed as 'Manager, Investor Relations' for Canoe. In addition to his role with Canoe, Mr. Vigeant is acting Head of Communications for Giyani Gold Corp. and President of Fridgelight Media Incorporated. Prior to holding these positions Mr. Vigeant worked as a consultant with IBM Global Business Services.
Luke Vigeant holds a direct interest in Canoe with 36,500 shares in the capital of Canoe and 35,000 common share purchase warrants. Mr. Vigeant has the right and intends to, from time to time, purchase additional Canoe securities for investment purposes. Mr. Vigeant has been granted 100,000 options to purchase common shares in the capital of Canoe, the details of which are highlighted below.
Grant of Options
On February 27, 2014 Canoe granted 2,000,000 stock options to purchase common shares in the capital of Canoe with an exercise price of $0.25 per common share, which reflects a 12% increase over the closing price of Canoe's common shares on the date of issuance, to various directors, officers, and consultants in accordance with Canoe's stock option plan. 1,900,000 options will vest immediately and the 100,000 options granted to Mr. Vigeant will vest over a twelve month period with 25,000 options vesting every three months. All 2,000,000 options will expire on February 27, 2019. The grant of options remains subject to TSX Venture Exchange approval.
Neither the 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: Canoe Mining Ventures Corp.
For further information:
Manager, Investor Relations
Canoe Mining Ventures Corp.