Sheltered Oak Resources' IR Firm Initiates Program to Improve Market Liquidity
27 Octobre 2010 - 10:22PM
PR Newswire (Canada)
TORONTO, Oct. 27 /CNW/ -- Trading Symbol: TSX-V OAK TORONTO,
Oct. 27 /CNW/ - Sheltered Oak Resources Corp. (TSXV: OAK) ("OAK" or
the "Company") today announced further to its previous announcement
regarding the IR Services Agreement with CHF Investor Relations
("CHF") dated May 1, 2009, and subject to TSX Venture Exchange
acceptance, the Company is initiating CHF's Market Liquidity
Program (aka market-making), share capital for which has been
furnished by Richbert Agencies S.A., a non-arm's length company
associated with Company President and CEO, JJ Elkin. The
market-making activity shall be undertaken using a registered
broker, Mackie Research Capital Corporation (Calgary), in
compliance with the guidelines established by the TSX Venture
Exchange Policy 3.4, as well as Regulation Services' Universal
Market Integrity Rules. Trading orders in the Company's stock under
the program aim to manage volatility, improve liquidity, and
preserve the integrity of market. The Company has pre-paid CHF
three months of fees to December 31, 2010, for investor relations
services and the Market Liquidity Program at $7,500 per month,
beyond which time fees to CHF for IR and market-making services
together will not exceed this rate. As part of its IR Services
Agreement to the Company, CHF holds since its engagement 150,000
OAK stock options exercisable at $0.20 per share until May 1, 2012;
while CHF Investor Relations holds in its corporate account 340,000
OAK common shares under a four-month hold purchased via private
placement, and 170,000 OAK share purchase warrants exercisable at
$0.12 per share that expire on March 31, 2012; none of the common
shares or shares that may be issued when exercising any warrants or
options will be traded under the Market Liquidity Program.
Headquartered in Toronto, Canada, CHF Investor Relations is an
outsourced, low-cost equivalent to an internal investor relations
department whose depth of capital market experience dates back to
the late 1970's. About Sheltered Oak Resources Corp.
Sheltered Oak Resources Corp. is a British Columbia corporation
with its head office located in Oakville, Ontario. OAK is focused
on mineral exploration opportunities within Canada and owns a 100%
interest in 43 mining claims and 12 mining leasehold patents
totaling 19,099 acres which comprise the Kerrs Gold Property,
located in the prolific area of the Abitibi Greenstone Belt in
northeastern Ontario. 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. To view this news
release in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/October2010/27/c6507.html
p/p table cellspacing="0" border="1" class="cnwBorderedTable"tr
valign="top"td align="center" valign="top"bSheltered Oak Resources
Corp./bbr/ J.J Elkinbr/ President and CEObr/ (E)a
href="mailto:des874@aol.com"des874@aol.com/a/td td align="center"
valign="top"bSheltered Oak Resources Corp/b.br/ Art Hampsonbr/
Chief Financial Officerbr/ (T)905 827 5414br/ (F)905 847 9575br/
(E)a
href="mailto:ahampson@shelteredoak.com"ahampson@shelteredoak.com/a/td
td align="center" valign="top"bCHF Investor Relations/bbr/ Jeanny
Sobr/ Director of Operationsbr/ (T)416 868 1079 ext. 225br/ (F)416
868 6198br/ (E)a
href="mailto:jeanny@chfir.com"jeanny@chfir.com/a/td td
align="center" valign="top"bCHF Investor Relations/bbr/ Chris
Haldanebr/ Account Managerbr/ (T)416 868 1079 ext. 237br/ (F)416
868 6198br/ (E)a
href="mailto:chris@chfir.com"chris@chfir.com/a/td/tr/table
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