NEW CANTECH VENTURES INC.
201 - 14881 Marine Drive
White Rock, BC V4B 1C2
Tel: 604-541-7288
Email: kenya1@telus.net
Website:
http://www.newcantech.com
2007-07-06 01:03 ET - News
Release
Mr. James Jacuta reports
AMENDMENT OF
INVESTOR RELATIONS AGREEMENT
New Cantech Ventures Inc. has agreed to
amend the terms of the previously extended investor relations agreement with
Global Capital Group Ltd. of Fairfax, Va., and Cologne, Germany.
Cantech has agreed to pay Global the
monthly fee of $8,000 (U.S.) plus payment for all third party expenses incurred
by Global. The monthly fee is to be paid in arrears. The amended term of the
investor relations agreement is for 12 months commencing the date of Toronto
Stock Exchange approval. The investor relations agreement is terminable by
either Cantech or Global giving written notice at least 30 days. Global will
have a total of 300,000 options comprising 200,000 previously issued and unexercised stock options and a further 100,000 new stock options exercisable at
the price of 50 cents per share.
The amendment of the investor relations
agreement is subject to the approval of the exchange.
Global specializes in providing investor
relations services to the European marketplace, with emphasis on the German
marketplace.
About New Cantech
New Cantech is a TSX Venture company
focusing on the development of its Lucky Ship Molybdenum Project in northern
British Columbia. In addition to the Lucky Ship Project, New Cantech is pursuing
other related mineral projects that may be beneficial to
shareholders.
For more information please contact Dalton B. DuPasquier,
President & CEO of New Cantech Ventures Inc., at (604) 541-7288 or visit
Cantech's website at http://www.newcantech.com.
ON BEHALF OF THE BOARD OF
DIRECTORS
"James Jacuta", Chairman
NEW CANTECH VENTURES
INC.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of the information
contained herein.
For shareholder enquiries contact:
John R. Chalcraft, ProActive
Communications
#201 - 2383 King George Hwy., White Rock, BC, V4A
5A4
Local: (604) 541-1995; Toll free: 1
(800) 540-1995
email: johnchalcraft@shaw.ca