TSX.V: AWS
VANCOUVER, Sept. 27, 2012 /PRNewswire/ - Robert L. Card, President of Arrowstar Resources
Ltd., ("Arrowstar" or the "Company") (TSXV: AWS), is pleased to
announce that it has engaged Lawrie
Koyle ("Koyle") of Vancouver
B.C. to provide investor relations, corporate communications
and marketing services to the company.
The Mr. Koyle will use his expertise to
implement an investor relations program that will expose the
Company to a broad range of potential investors including relevant
industry investors and stakeholders through available mediums
including traditional outreach marketing methods.
Robert L. Card,
President and C.E.O. of the Company commented: "We are very pleased
to begin working with Mr. Koyle on our Iron Ore projects in
Alaska, Quebec and Labrador."
The Service Agreement ("Agreement") between the
Company and Mr. Koyle is for an initial term of twelve (12) months
beginning September 26, 2012 and may
be extended upon mutual consent of both parties. In consideration
for the investor relations, corporate communications and marketing
services, Koyle will be paid a monthly fee of $4,500 out of working capital of the Company and
will receive 200,000 stock options ("Options") to purchase common
shares in the capital of the Company at an exercise price of
$0.10 per share. The options will be
vest over a twelve (12) month period in accordance with the
policies of the TSX Venture Exchange and expire five (5) years from
the date of grant or earlier if the Agreement is terminated prior
thereto. The Agreement is subject to regulatory approval and all
terms will be subject to and in accordance with the rules and
regulations of the TSX Venture Exchange.
In addition, the Company has granted additional
910,000 stock options to Directors, Officers and employees under
the Company's Stock Option Plan.
On Behalf of the Board of Directors,
Arrowstar Resources Ltd.
"Robert L. Card"
Robert L.
Card
President
"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: This document
includes forward-looking statements. Forward-looking statements
include, but are not limited to, statements concerning AWS's
planned exploration programs and other statements that are not
historical facts. When used in this document, the words such as
"could," "plan," "estimate," "expect," "intend," "may,"
"potential," "should," and similar expressions are forward-looking
statements. Although AWS believes that its expectations reflected
in these forward looking statements are reasonable, such statements
involve risks and uncertainties and no assurance can be given that
actual results will be consistent with these forward-looking
statements. Important factors that could cause actual results to
differ from these forward-looking statements are disclosed under
the heading "Risk Factors" and elsewhere in the corporation's
periodic filings with Canadian securities regulators.
SOURCE Arrowstar Resources Ltd.