VANCOUVER, Aug. 28 /CNW/ - Pebble Creek Mining Ltd. (the "Company")
announces that it has engaged Verenex Capital Corp. ("Verenex") and Kenneth
Norman to act as investor relations consultants.
Verenex, a consulting and investment firm, is a Canadian company with a
business office in Brandon, Manitoba. The sole director, officer and
shareholder of Verenex is Michael Romanik. Mr. Romanik owns 181,000 common
shares of the Company and warrants to acquire up to 79,000 common shares.
Kenneth Norman is a resident of Courtney, British Columbia. Mr. Norman does
not hold any common shares of the Company or warrants to acquire common
The Company engaged Verenex to distribute the Company's corporate package
to potential investors and members of the financial services industry, arrange
interviews for the Company and disseminate the Company's news releases and
other public information via various digital media. The Company engaged Mr.
Norman to assist the Company in developing a corporate identity package,
distribute the corporate package to potential investors and members of the
financial services industry and arrange interviews for the Company.
Verenex and Mr. Norman are to provide their services over a period of 12
months commencing on the date of acceptance by the TSX Venture Exchange of
their engagement to act as investor relations providers to the Company. In
consideration for their services, the Company has agreed to pay each of
Verenex and Mr. Norman a monthly fee of $2,500 and reimburse them for all
expenses incurred in connection with the fulfillment of their obligations
under the engagement, provided that each party may not incur any expense
exceeding $1,000 (in the aggregate) during any month without the Company's
prior written consent. In addition, the Company has agreed to grant each of
Verenex and Mr. Norman an incentive stock option to acquire up to 25,000
common shares of the Company. These stock options were granted on August 10,
None of Verenex, Michael Romanik and Kenneth Norman is an associate,
affiliate, director or officer of the Company.
The Company's engagement of Verenex and Kenneth Norman to provide
investor relations services are subject to the approval of the TSX Venture
Pebble Creek is well funded and fully committed to exploration and mine
development in India. The Company holds 100 per cent interests in three
properties and 16 Reconnaissance Permits in the country.
On Behalf of the Board
Gyan C. Singhai, P.Eng.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Gyan Singhai, Executive Chairman, Telephone:
(604) 696 6101, Fax: (604) 696-6196