AND Engages Investor Relations Consultant
posted on
Feb 25, 2009 01:46PM
Edit this title from the Fast Facts Section
February 25, 2009 |
Redhawk Engages Investor Relations Consultant |
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 25, 2009) - Redhawk Resources, Inc. ("Redhawk" or the "Company") (TSX VENTURE:RDK)(FRANKFURT:QF7) is pleased to announce that it has engaged 314 Finance Corp. and its principal and sole shareholder, Tasso Baras of Vancouver, B.C. to provide investor relations and communications services to Redhawk. The Company selected 314 Finance Corp. as it is an experienced arms length Vancouver based company which provided services to the Company in late 2006 and at that time successfully increased Redhawk's exposure to institutional and retail investors. The agreement with 314 Finance Corp. is effective February 1, 2009, and is subject to the approval of the TSX Venture Exchange. The agreement with 314 Finance Corp. will expire on July 31, 2009 and thereafter is renewable upon mutual agreement of the parties. The agreement may be terminated by either party after May 31, 2009 upon 60 days notice. In consideration for its services, 314 Finance Corp. will be paid $5,000 per month during the term of the agreement plus pre-approved out-of-pocket expenses, which amounts will be paid from general working capital. In addition Redhawk may grant an option to acquire common shares to 314 Finance Corp. 314 Finance Corp. advises that it directly or indirectly currently holds 110,000 shares of Redhawk and may acquire or dispose of securities of Redhawk in the future. About Redhawk Redhawk is a Canadian-based resource exploration and development company with primary focus on the accelerated development of its advanced stage Copper Creek copper-molybdenum project in San Manuel, Arizona. The Company also has two gold/silver properties in Nevada. The 100% owned Copper Creek property consists of approximately seven square miles of almost totally contiguous patented and unpatented mining claims and state prospecting permits, located about 70 miles northeast of Tucson, Arizona and about 15 miles east of San Manuel. The property is in the prolific southwest US porphyry copper belt at the projected intersection of a major northwest belt of porphyry copper deposits or mines (Ray, Miami/Globe, Superior/Resolution, Johnson Camp) and a major east-northeast belt of porphyry deposits (San Manuel/Kalamazoo, Silver Bell, Lakeshore, Safford, Morenci). The property is within sight of the former BHP Kalamazoo/San Manuel copper smelter and mine and within 30 miles of an existing operating copper smelter. The area is a mining friendly and politically secure location with excellent and readily accessible infrastructure. ON BEHALF OF THE BOARD J. Stephen Barley, Managing Director |