GBN: TSX Venture Exchange
SASKATOON, May 6 /CNW/ - Golden Band Resources Inc. (GBN: TSXV) announced
today the engagement of Wani Capital Corp. ("Wani") of Calgary, Alberta, as
the firm's strategic investor communications provider. Wani Capital Corp.
specializes in small cap companies in building and maintaining relations with
the investment community. The principal of Wani Capital Corp. is Raju Wani.
Golden Band Resources will pay Wani a monthly fee of $5,000 for professional
services and has granted 300,000 stock options to Wani. The contract is for a
one-year term, and the options will be granted as follows: 100,000 after
signing of a consulting agreement with Wani by Golden Band; a second tranche
of 100,000 after four-months; and a third tranche of 100,000 after
eight-months. The stock options vest according to the Company's Stock Option
Plan, with 25% vesting on granting and 12.5% vesting each quarter thereafter,
have a term of five years, and have an exercise price of $0.22. Wani holds no
interest, directly, or indirectly in Golden Band Resources.
On behalf of the Board of Directors of Golden Band Resources Inc.,
"Rodney G. Orr"
Rodney G. Orr, P.Geo.,
President & CEO
All of Golden Band's exploration programs and pertinent disclosure of a
scientific nature are prepared and/or designed and carried out under the
supervision of Frank Hrdy, P.Geo., Golden Band's VP Exploration, who serves as
the qualified person (QP) under the definitions of National Instrument 43-101.
All of Golden Band's development-related programs and pertinent disclosure of
a development nature are prepared and/or designed and carried out under the
supervision of Gary Haywood, P.Eng., Golden Band's VP of Operations and COO,
who serves as the qualified person (QP) under the definitions of National
Cautionary Statements on Forward-Looking Information: The statements made
in this News Release may contain certain forward-looking information. Actual
results may differ materially from those currently anticipated in such
statements. Certain risk factors may also materially affect the actual results
achieved by the Company. Potential and current shareholders are cautioned not
to place undue reliance on forward-looking information. The Company disclaims
any intent and undertakes no obligation to update publicly or otherwise revise
any forward-looking information whether as a result of new information, future
events, or other such factors that may affect this information, except as
required by law.
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.
For further information:
For further information: Rodney Orr, President & CEO, Golden Band
Resources Inc., Phone: (306) 955-0787 x7123, Fax: (306) 955-0788, Email:
firstname.lastname@example.org; Raju Wani, Wani Capital Corp.: (403)
240-0555, Email: email@example.com, www.goldenbandresources.com