VANCOUVER, July 3, 2013 /CNW/ - Lakeland Resources Inc. (TSXv: LK) (FSE: 6LL) (the "Company" or "Lakeland") is pleased to announce that it has engaged Network IR ("Network") to develop and execute a comprehensive marketing and investor communication program to help raise awareness of the Company.
Network is a Vancouver-based full service investor relations company with experience in creating exposure for mineral exploration companies to industry stakeholders and investors. Network strives to represent companies that fall under the "best of breed" category for their specific focus area. Network's service will include consulting to Lakeland with respect to corporate development and finance, producing and distributing effective marketing communication tools and increasing investor awareness.
Network has been hired for an initial term of three months, renewable on a monthly basis thereafter on mutual agreement. Network will be paid a monthly fee of $5,000, and has been granted options to purchase up to 100,000 shares of the Company exercisable for five years at a price of $0.10 per share.
Jonathan Armes, President and CEO of Lakeland, commented:
"We are pleased to have appointed Network IR as Investor Relations consultants. Lakeland has quickly become one of the premier uranium explorers in the Athabasca Basin at a time when many industry players are voicing bullish projections for uranium. Having recently entered the space, now is the time to increase awareness of our Company and projects."
Stock Option Grant:
In addition to the options to be issued to Network above, subject to regulatory approval, Lakeland has granted certain directors, employees and consultants of the Company incentive stock options to purchase an aggregate of 650,000 common shares. The options are exercisable until July 2, 2018 at an exercise price of $0.10 per share.
About Network IR:
Network IR is one of Canada's premier full service investor relations companies. Network IR provides its client companies with exposure, presence and access to the heart of the public markets. To date, the Network team have assisted in raising over $100 Million in equity finance and have helped numerous client companies reach their development goals and significant market capitalization. For more information on Network IR, visit their corporate website at http://www.networkir.com/
About Lakeland Resources Inc.
Lakeland Resources Inc. is a pure play uranium exploration company focused on the Athabasca Basin in Saskatchewan, Canada.
On Behalf of the Board of Directors
LAKELAND RESOURCES INC.
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: Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include economic, competitive, governmental, environmental and technological factors that may affect the Company's operations, markets, products and prices. Factors that could cause actual results to differ materially may include that we may not be able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete our intended exploration and development; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration; that analysis of data may not be possible accurately and at depth; that results which we or others have found in any particular location are not necessarily indicative of larger areas of our properties; that we may not complete environmental programs in a timely manner or at all; that market prices may not justify commercial production costs; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures outlined in the Company's Management Discussion & Analysis of its audited financial statements filed with the British Columbia Securities Commission.
SOURCE: Lakeland Resources Inc.
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