UNITED HUNTER OIL & GAS CORP. ANNOUNCES ENGAGEMENT OF 551943 ALBERTA INC.,
AND STRATECOR INC. FOR INVESTOR RELATIONS
(TSXV Symbol: UHO)
TORONTO, Sept. 22 /CNW/ - Under United Hunter Oil & Gas Corp.'s (TSXV: UHO) ("United Hunter" or the "Company") ongoing requirements and policy of complying with TSX Venture Exchange continuous disclosure obligations, United Hunter announces that it has, effective May 12, 2010, engaged Stratecor Inc. ("Stratecor") and effective May 1, 2010 engaged 551943 Alberta Inc. ("Alberta Inc."), (or, collectively, the "Firms") to provide investor relations services (the "Services") to United Hunter. The Services include bringing attention and exposure to the Company to help enhance and increase the Company's image and public awareness.
551943 Alberta Inc. is a consulting and investor relations company based in Calgary, Alberta. On May 12 2010, Alberta Inc. and its associates were granted 250,000 options in United Hunter at an exercise price of $0.15, vesting 1/3 per year over three years and with a five year expiration, terms described in the news release of May 12, 2010. Alberta Inc. will provide the Services to the Company with a focus on Canadian investors.
Stratecor is a consulting and investor relations company based in Las Vegas. At the time they entered the investor relations agreement with United Hunter on May 12 2010, Stratecor and its associates were granted 500,000 options in United Hunter at an exercise price of $0.15, vesting 1/3 per year over three years and with a five year expiration, terms described in the news release of May 12, 2010. A definitive consulting agreement is still being negotiated. Stratecor will provide the Services to the Company with a focus on investors in the United States.
All option grants are subject to regulatory approval.
The terms of each of the agreements United Hunter has with each of the Firms provides that the Firms will provide United Hunter with Services for a period of twelve months unless extended by the both parties in writing or until the agreement is terminated by either party on at least 30 days prior written notice. Each of the agreements also provides that in addition to the stock option grants described above, United Hunter will reimburse the Firms for reasonable disbursements. Exact monetary terms for Stratecor have not been negotiated yet and, once done, will be released in a future news release. The compensation arrangements with Alberta Inc. described above, are final.
Certain information in this press release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Corporation assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Corporation. Additional information identifying risks and uncertainties is contained in the Corporation's filings with the Canadian securities regulators, which filings are available at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information: Dr. Arthur Halleran, CEO, (403) 667-4941, [email protected]; Scott Koyich, President, Brisco Capital Partners, (403) 262-9888, [email protected]; or Graeme Dick, BMgnt, Brisco Capital Partners, (403) 561-8989, [email protected]
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