COLORADO RESOURCES LTD. (TSX-V: CXO) (“Colorado” or the “Company”) is pleased to announce that it has engaged Sterling Marketing Corp. (“Sterling”) to assist in the creation and implementation of a comprehensive marketing and investor communications program for the Company.
Sterling is based in Vancouver and provides marketing and investor relations services to public companies in the resource sector. It will be responsible for advising the Company in all facets of investor relations and corporate development with the goal of securing market valuation more in line with the extraordinary quality of Colorado’s discoveries and assets.
“We are very pleased to have secured the services of Sterling Marketing and specifically Scott Gibson,” said Adam Travis, President and CEO of Colorado. “Scott has a long history of success in raising the profile of mining companies and their visibility in the financial community. Adding Sterling to our team is part of our continued commitment to raising the market profile of Colorado and achieving maximum value for our shareholders.”
Scott Gibson, Chairman of Sterling says, “We are excited about working with Adam and the stellar technical team at Colorado to ensure their work, including the discovery at North Rok, receives the attention it deserves.”
Under the initial agreement, subject to TSX Venture Exchange (“Exchange”) approval Sterling will receive a fee of $15,000 per month for a term of three months, and granted a stock option to purchase 200,000 common shares of the Company at a price of $0.80 per share for a period of 24 month which shall vest quarterly, in accordance with the policies of the Exchange and the Company’s Stock Option Plan.
Colorado Resources Ltd. (TSX-V: CXO) is focused on exploring its 10 projects in BC and the Yukon, including the advancement of its flagship 100% owned North Rok project, located 15 km NW of Imperial Metals’ Red Chris Mine. Colorado made an exciting new copper-gold porphyry discovery at North Rok in May 2013 and a 5,000 m drill program is currently underway.
ON BEHALF OF THE BOARD OF DIRECTORS OF
COLORADO RESOURCES LTD.
President and Chief Executive Officer
For more information, please contact:
Sterling Marketing Corp.
Scott Gibson, Chairman
T: (604) 697-0028
Colorado Resources Ltd.
Adam Travis, President and Chief Executive Officer or
Terese Gieselman, Chief Financial Officer
T: (250) 768-1511
F: (250) 768-0020
TF (855) 768-8511
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding proposed exploration activities. Although the Company believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors, including, but not limited to, the state of the financial markets for the Company’s equity securities, the state of the market for gold or other minerals that may be produced generally, recent market volatility; variations in the nature, quality and quantity of any mineral deposits that may be located, the Company’s ability to obtain any necessary permits, consents or authorizations required for its activities, to raise the necessary capital or to be fully able to implement its business strategies and other risks associated with the exploration and development of mineral properties. The reader is referred to the Company’s reports filed on SEDAR at www.SEDAR.com for a more complete discussion of such risk factors and their potential effects.
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 release.