Trading Symbol: TSX-V: ERA
Shares Issued: 17,453,163
(Not for distribution to US wire services or for
dissemination in the United States of
America)
HALIFAX,
Oct. 8, 2013 /CNW/ - Elcora Resources
Corp. ("Elcora" or the "Company") has retained Ronald Struthers, carrying on business in
Arden, Ontario as Resource Stock
Advisory ("Struthers") as a consultant to provide investor
relations services on behalf of Elcora. Struthers is a
long-term investor relations specialist in the natural resource
sector, with a focus on introducing Canadian resource companies of
merit to broader institutional and retail investor audiences.
Struthers holds 45,000 shares of Elcora Common Stock.
Elcora will pay Struthers a total fee of
$6,000.00, for the consulting
services provided during the twelve month term of the agreement,
cancellable upon 30 days' notice in writing at any time. The
agreement may be renewed by mutual consent following the completion
of the initial term.
Pursuant to the consulting agreement, the
company has also agreed to grant 325,000 incentive stock options to
Ronald Struthers, exercisable at a
price of $0.15 for a period of five
years. The options will expire at the end of 12 months if the
consulting services agreement is not renewed.
The consulting agreement with Struthers and the
grant of the options has been accepted for filing by the TSX
Venture Exchange.
CAUTIONARY STATEMENT:
The TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of this release.
No stock Exchange, securities commission or other regulatory
authority has approved or disapproved the information contained
herein. This News Release includes certain "forward-looking
statements". All statements other than statements of
historical fact, included in this release, including, without
limitation, statements regarding potential mineralization and
reserves, exploration results, and future plans and objectives of
Elcora, are forward-looking statements that involve various risks
and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results
to differ materially from Elcora's expectations are exploration
risks detailed herein and from time to time in the filings made by
Elcora with securities regulators.
Investors are cautioned that, except as disclosed in the
filing statement prepared in connection with the transaction, any
information released or received with respect to the transaction
may not be accurate or complete and should not be relied
upon.
SOURCE Elcora Resources Corp.