Berkwood Resources Ltd. ("Berkwood" or the "Company") is pleased to announce the engagement of Strike Communications Inc. ("Strike") to perform corporate advisory and investor relations services for the Company, effective November 1, 2012 for an initial period of six months, subject to TSX Venture Exchange approval. Strike will assist with the creation, coordination and implementation of the Company's targeted objectives with respect to corporate development, producing and distributing effective marketing communication tools, and increasing investor awareness while introducing the Company to private investors, analysts, brokers, money managers, newsletter writers and other financial professionals. The agreement with Strike is subject to TSX Venture Exchange approval.
As compensation for its services, Strike will receive a fee of $10,000 (plus HST) per month in remuneration, and the Company will grant Strike stock options to acquire 500,000 shares in the capital of the Company at an exercise price of $0.10, for five years from the date of grant. The options vest equally over 12 months at the end of each three month period from the date of grant and are subject to a four month hold period. The grant of options is subject to the provisions of the Company's Stock Option Plan, the policies of the TSX Venture Exchange and applicable securities laws.
Berkwood Resources Ltd.'s President and CEO, Brian Buchanan states: "We are pleased to have Strike work with us to increase the exposure of Berkwood to the financial markets and also increase awareness of the Company's activities. Berkwood is working toward its goal of identifying prospective acquisitions, and the exploration and development of gold, copper and other mineral deposits in North America and South East Asia. The Company expects good news flow over the next few months and will work with Strike to showcase the Company to a full range of retail and institutional investors. Our team looks forward to working with Strike in the coming months."
Based in Vancouver, British Columbia, Strike Communications Inc. was founded to provide a full range of capital market and investor relation services personalized to the needs of pre-IPO and to publicly listed North American based small-cap to mid-cap companies. Strike is owned by Mr. James Berard and Mr. Michael Lerner, investor relations professionals with over 10 and 20 years marketing experience respectively. Strike has assisted numerous small-cap corporations gain coverage and recognition within the global investment community.
To view details, maps and photos of Berkwood's properties please click the following link: http://www.berkwoodresources.com/properties.html.
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On Behalf of Berkwood Resources
Brian Buchanan, President and Director
For additional information please contact:
Karim Sayani, Corporate Communications
Tel: (604) 662-7455 E-mail: [email protected]
Tom Steer, Media Relations Manager
Tel: (604) 681-5566 E-mail: [email protected]
James Berard, STRIKE Communications Inc.
Tel : (604) 687-2768 E-mail: [email protected]
Forward Looking Statements
This Berkwood News Release may contain certain "forward-looking" statements and information relating to Berkwood that are based on the beliefs of Berkwood's management as well as assumptions made by and information currently available to Berkwood's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitation, competitive factors, general economic conditions, relationships with strategic partners, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. Except as required by law, Berkwood does not assume the obligation to update any forward-looking statement.
Neither the 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 news release.