Anglo Minerals Ltd.

Anglo Minerals Ltd.

August 25, 2005 11:17 ET

Anglo Retains Investor Relations Firm

CALGARY, ALBERTA--(CCNMatthews - Aug. 25, 2005) - Anglo Minerals Ltd. (TSX VENTURE:ALM) is pleased to announce that it has retained DSK Capital Partners Corp., a Calgary-based company, to provide investor relations services. DSK will develop and execute an investor relations program for Anglo designed to achieve greater exposure for Anglo within the Canadian investment community. The arrangement contemplates that the services to be provided by DSK will be primarily performed by Scott Koyich and Dan Koyich, the principals of DSK, who have 22 years of combined experience conducting investor relations programs for Canadian public companies in various industries.

Subject to regulatory approval, Anglo has retained DSK for a twelve-month term commencing on September 1, 2005. The agreement may be renegotiated and renewed from time to time, and may be terminated by either party on 30 days notice. In consideration of the services to be provided, Anglo has agreed to pay to DSK a monthly fee of $6,000, plus reasonable out-of-pocket expenses and applicable taxes. In addition, DSK will be granted options to purchase an aggregate of 250,000 common shares of Anglo from the company's directors and officers at an exercise price of $0.40 per share, being the closing price of Anglo's common shares on the TSX Venture Exchange as of today's date. The said options shall vest as to 25% every 3 months and expire on the later of two years from the date of the grant or 90 days from termination of the engagement.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Anglo Minerals Ltd.
    Todd Montgomery
    (403) 510-5565