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Re: Company News - Monday, April 09, 2012
Canadian Orebodies Engages First Canadian Capital Corp for
Investor Relations and Grant of Options
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TORONTO, Mar 20, 2012 -- Canadian Orebodies Inc. (TSX VENTURE: CO)
("Canadian Orebodies") is pleased to announce that it has retained
First Canadian Capital Corp. ("First Canadian") as a consultant to
provide strategic marketing and investor relations services to further
raise investor awareness for Canadian Orebodies.
Under the terms of the agreement with First Canadian (the "Agreement"),
Canadian Orebodies will pay First Canadian $6,000 per month for a
twelve month initial term (with a right of termination by either party
after six months) and has granted 400,000 stock options at an exercise
price of $0.25 per share, which shall vest quarterly in accordance with
the policies of the TSX Venture Exchange. Kindly note that the
Agreement and related stock option issuance to First Canadian remain
subject to the approval of the TSX Venture Exchange.
The Company also announces that it has granted incentive stock options
to Directors, Officers and consultants of the Company in the aggregate
amount of 1,725,000 under the terms of the incentive stock option plan
of the Company. The options are exercisable at a price of $0.25 per
share for a period of five years and are subject to a four month hold
period from the date of the issuance thereof.
About First Canadian Capital Corp.
Based in Toronto and in the investor relations business for thirteen
years, First Canadian Capital Corp. has assisted numerous North
American corporations in gaining exposure and recognition within the
global investment community and specializing in providing investor
relations services to emerging small-cap and mid-tier companies. FCCC's
core competencies are found in identifying quality assets and
undervalued companies with high growth potential and providing
effective investor relations and market awareness services to these
companies. FCCC is proud to have had two clients win the PDAC
Prospector of the Year Award.
About the Company
Canadian Orebodies Inc. is a Canadian-based mineral exploration company
with a portfolio of properties in Nunavut and Ontario. Canadian
Orebodies' primary focus is on advancing and developing its Haig Inlet
Iron Project, located on the Belcher Islands in Nunavut. Canadian
Orebodies trades on the TSX Venture Exchange under the symbol "CO".
For more information please contact:
Gordon McKinnon, President & CEO
Canadian Orebodies Inc.
(705) 268-9000
www.canadianorebodies.com
Forward Looking Information:
This press release contains certain "forward-looking statements". All
statements, other than statements of historical fact, that address
activities, events or developments that the Company believes, expects
or anticipates will or may occur in the future (including, without
limitation, statements relating to mineral resources, potential
mineralization, exploration results and the Company's plans with
respect to the exploration and development of the Properties) are
forward-looking statements. These forward-looking statements reflect
the current expectations or beliefs of the Company based on information
currently available to the Company. Forward-looking statements are
subject to a number of risks and uncertainties that may cause the
actual results of the Company to differ materially from those discussed
in the forward-looking statements, and even if such actual results are
realized or substantially realized, there can be no assurance that they
will have the expected consequences to, or effects on the Company.
Factors that could cause actual results or events to differ materially
from current expectations include, among other things, changes in
commodity prices, changes in equity markets, failure to establish
mineral resources, changes to regulations affecting the Company's
activities, delays in obtaining or failures to obtain required
regulatory approvals, uncertainties relating to the availability and
costs of financing needed in the future, the uncertainties involved in
interpreting drilling results and other ecological data, and the other
risks involved in the mineral exploration and development industry. Any
forward-looking statement speaks only as of the date on which it is
made and, except as may be required by applicable securities laws, the
Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information,
future events or results or otherwise. Although the Company believes
that the assumptions inherent in the forward-looking statements are
reasonable, forward-looking statements are not guarantees of future
performance and accordingly undue reliance should not be put on such
statements due to the inherent uncertainty therein.
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Copyright (c) 2012 CANADIAN OREBODIES INC. (CO) All rights reserved.
For more information visit our website at
http://www.CanadianOrebodies.com/ or mailto:info@canadianorebodies.com
Message sent on Mon Apr 9, 2012 at 8:00 AM Eastern Time
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