Magnum Energy Inc.

Magnum Energy Inc.

January 08, 2008 16:48 ET

Magnum Energy Retains Coal Harbor Communications

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 8, 2008) - Magnum Energy Inc. (TSX VENTURE:MEN) announces that, subject to regulatory approval, it has retained the services of Coal Harbor Communications Inc. to provide investor relations services for Magnum Energy.

The principal of Coal Harbor is Mr. Dale Paruk, an experienced investor and public relations professional. Coal Harbor will distribute news and information on Magnum Energy and provide consistent and timely contact with the Company's shareholders, other investors and industry professionals on behalf of the Company.

Coal Harbor maintains its offices in Vancouver, British Columbia and works closely with financial analysts, advisors and investors in Canada and the United States.

Coal Harbor will receive a fee of $6,500 per month plus the grant of 200,000 stock options. The term of the contract is one year subject to earlier termination on 3 months notice by either party. Coal Harbor Communications Inc. and Dale Paruk are at arm's-length to Magnum Energy and do not own any securities in Magnum Energy.

The TSX Venture Exchange has neither approved or disapproved the contents of this press release.

Contact Information

  • Coal Harbor Communications
    Dale Paruk
    (604) 662-4505 or Toll Free: 1-877-642-6200
    (604) 662-4547 (FAX)