Canaf Group Inc.

Canaf Group Inc.

June 14, 2007 16:50 ET

Canaf Group Inc. Retains Ascenta Capital Partners Inc. to Provide Investor Relations Services & Termination of JV Option

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 14, 2007) - Canaf Group Inc. (TSX VENTURE:CAF) is pleased to announce it has retained Ascenta Capital Partners Inc. of Vancouver, BC, to provide investor relations services.

Ascenta will receive a monthly retainer of $6,000 for a 12-month term, subject to termination by either party with 30 days written notice. Canaf will also issue as compensation to Ascenta an option to purchase 200,000 common shares, which will be effective for a period ending 30 days after the termination of the contract. The options granted will vest in accordance with TSX Venture Exchange guidelines and Canaf's stock option plan. This agreement is subject to regulatory approval.

About Ascenta Capital Partners Ltd.

Ascenta is a leading provider of investor relations services to public companies in Canada. Ascenta's strength is its disciplined approach to the development and execution of strategic, customized investor relations programs and services.

On Behalf of the Board of Directors:

David Way, President and CEO

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

Contact Information

  • Canaf Group Inc.
    Brad Jefferson
    (604) 767-3977
    (604) 682-2275 (FAX)
    Ascenta Capital Partners Inc.
    Rory Quinn
    (604) 684-4743 ext. 226 or Toll Free: 1-866-684-4209
    (604) 939-1292 (FAX)