Landen Capital Corp.

April 19, 2010 14:34 ET

Landen Capital Enters Investor Relations Consulting Agreement with Hamza Thindal Capital Corporation Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 19, 2010) - Landen Capital Corp. (TSX VENTURE:LAN) ("Landen") is pleased to announce that it has entered into an investor relations consulting agreement (the "Agreement") with Hamza Thindal Capital Corporation Inc. ("Hamza Thindal Corp."), an investor relations consultancy and arm's length party to Landen, to provide investor relations services to Landen. The principals of Hamza Thindal Corp. have successfully demonstrated the ability to work with senior management within junior companies in articulating a company's inherent value to strategic partners and the investment community.

Hamza Thindal Corp. will assist Landen in working with members of the financial community, potential investors and current shareholders to keep them informed and up-to-date on Landen's exploration properties in Arizona, USA, and Côte d'Ivoire, West Africa. "Landen is excited to have Hamza Thindal Corp. join our team and looks forward to its insight with respect to giving the investment community a better understanding of our goals," commented Marc-Antoine Audet, P.Geo, PhD, President and CEO of Landen.

The Agreement is for a term of one year, which may be earlier terminated by Landen upon giving Hamza Thindal Corp. 30 days' written notice of such termination. In consideration for the services of Hamza Thindal Corp., Landen has agreed to pay Hamza Thindal Corp. from its funded working capital a consulting fee of $5,000 per month (plus GST), as well as any expenses it has incurred on behalf of Landen. Landen has granted to each of Dr. Essam Hamza and Mr. Kamaldeep Thindal options to purchase 100,000 shares of Landen at a price of $0.33 per share for a period of 5 years. Vesting of the options will follow guidelines set out in Landen's stock option plan and as set forth by TSX Venture Exchange policy whereby not more than 1/4 of the optioned shares can be exercised every three months.

Hamza Thindal Corp. is owned by Dr. Essam Hamza and Mr. Kamaldeep Thindal, both of Surrey, British Columbia, Canada. Dr. Hamza holds an aggregate of 293,500 fully paid common shares of Landen and warrants to purchase 225,000 common shares of Landen. Mr. Thindal holds an aggregate of 150,000 fully paid common shares of Landen and warrants to purchase 100,000 common shares of Landen. Hamza Thindal Corp. holds warrants to purchase 99,750 common shares of Landen. All matters reported herein are subject to TSX Venture Exchange approval.

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.

Contact Information

  • Landen Capital Corp.
    Dr. Marc-Antoine Audet
    President and CEO
    (514) 726 4158