Welcome To the Nitinat Mining Corporation HUB On AGORACOM

Free
Message: Nitinat Appoints Victor Cantore to the Board of Directors

Nitinat Appoints Victor Cantore to the Board of Directors

posted on Apr 08, 2010 03:28PM
Nitinat Appoints Victor Cantore to the Board of Directors
11:32 EDT Thursday, April 08, 2010

TORONTO, ONTARIO--(Marketwire - April 8, 2010) - Nitinat Minerals Corporation (the "Corporation") (TSX VENTURE:NZZ) is pleased to announce that Mr. Victor Cantore has been appointed to the board of director of the Corporation.

Mr. Cantore began his investment career in 1992 as an advisor for Tasse & Associates. In 1993 he moved to RBC Dominion Securities, one of the largest brokerage firms in Canada. Since 1999, Mr. Cantore has worked with both public and private companies organizing and structuring financings mainly in the resource and high tech sector. Mr. Cantore has held directorships on the board of various companies both private and public.

Mr. Cantore was appointed to the board of directors after the resignation of Mr. Vern Briggs. Mr. Briggs resigned to pursue personal projects. The Corporation would like to thank Mr. Briggs for his contribution to the Corporation and wish him luck in his future endeavours.

In addition, the Corporation would also like to announce that it has retained Gale Capital Corporation ("Gale"), a Vancouver-based company specializing in corporate finance and communications, to provide the Corporation with investor relations services.

The agreement between the Corporation and Gale (the "IR Agreement") is for a period of 24 months. Gale is a full and comprehensive provider of corporate finance and investor relations services, and will assist the Corporation in fostering productive, continuing dialogues with analysts, brokers, investors and other financial professionals.

Marc Branson, Director of the Corporation stated: "We are pleased to have retained Gale as a partner within the financial community. Gale has the experience and expertise to ensure that our story is communicated widely and accurately and demonstrated the ability to employ a wide ranging and proactive communications strategy in a competitive marketplace."

Gale will receive a monthly retainer of $5,000 during the term of the IR Agreement. The Corporation will also issue, as compensation, an option to purchase 500,000 common shares at an exercise price of $0.20 with an expiry date 24 months from the date of this release. The options granted will vest in accordance with applicable regulations.

Gale is a leading provider of outsourced investor relations to Canadian public companies. Gale's strength is its disciplined marketing approach to the development and execution of strategic, customized investor relations programs.

The Corporation also announces that it has granted, in addition to the options issued to Gale, an aggregate 1,000,000 stock options to a director and a consultant to the Corporation. Each option is exercisable at $0.20 per common share and is exercisable at any time until April 6, 2015.

This update contains "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward looking statements can be identified by the use of forward looking terminology such as "plans", "anticipated", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Nitinat is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward looking statements contained in this release. Nitinat cannot assure investors that actual results will be consistent with these forward looking statements and Nitinat assumes no obligation to update or revise the forward looking statements contained in this release to reflect actual events or new circumstances.

FOR FURTHER INFORMATION PLEASE CONTACT:

Nitinat Minerals Corporation
Marc Branson
Director
604.816.2555

Share
New Message
Please login to post a reply