Trading Symbol: TSX-V: ERA
Shares Issued: 17,453,163
(Not for distribution to US wire services or for dissemination in the United States of America)
HALIFAX, Oct. 8, 2013 /CNW/ - Elcora Resources Corp. ("Elcora" or the "Company") has retained Ronald Struthers, carrying on business in Arden, Ontario as Resource Stock Advisory ("Struthers") as a consultant to provide investor relations services on behalf of Elcora. Struthers is a long-term investor relations specialist in the natural resource sector, with a focus on introducing Canadian resource companies of merit to broader institutional and retail investor audiences. Struthers holds 45,000 shares of Elcora Common Stock.
Elcora will pay Struthers a total fee of $6,000.00, for the consulting services provided during the twelve month term of the agreement, cancellable upon 30 days' notice in writing at any time. The agreement may be renewed by mutual consent following the completion of the initial term.
Pursuant to the consulting agreement, the company has also agreed to grant 325,000 incentive stock options to Ronald Struthers, exercisable at a price of $0.15 for a period of five years. The options will expire at the end of 12 months if the consulting services agreement is not renewed.
The consulting agreement with Struthers and the grant of the options has been accepted for filing by the TSX Venture Exchange.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock Exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Elcora, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Elcora's expectations are exploration risks detailed herein and from time to time in the filings made by Elcora with securities regulators.
Investors are cautioned that, except as disclosed in the filing statement prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon.
SOURCE: Elcora Resources Corp.
For further information:
Troy Grant, Director, President and CEO, Elcora Resources Corp., T: 902 802-8847 F: 902 446-2001