Pacific Ridge Exploration Ltd. (the "Company") is pleased to announce that it has entered into an investor relations agreement (the "Agreement") with Frankfurt-based Value Relations GmbH ("VR"). VR, a full service investor relations firm, was founded in 1999 and is headed by Mr. Christoph Bruning. VR will translate and disseminate the Company's news releases and act as the Company's investor relations consultant in Germany, Austria and Switzerland. In addition, VR will introduce the Company to European private investors, brokers and institutional investors, as well as coordinate and organize European corporate presentations.
Under the terms of the Agreement, the Company will pay VR a monthly fee of €3,000 (Euros) for a six-month term. Pursuant to the Agreement, the Company proposes to grant incentive stock options to VR, allowing for the purchase of up to 200,000 shares in the capital of the Company for a period of two years, priced in accordance with the market. The Agreement is subject to regulatory approval.
"John S. Brock"
John S. Brock
For further information, contact:
Pacific Ridge Exploration Ltd.
John S. Brock
Tel: (604) 604.641.2759
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that Pacific Ridge Exploration Ltd. ("Pacific Ridge") expects to occur, are forward-looking statements. Although Pacific Ridge believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Pacific Ridge does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.