CALGARY, ALBERTA--(Marketwire - Sept. 25, 2012) - Cdn Oilfield Technologies & Solutions Corp. (the "Corporation) (TSX VENTURE:OTS) is pleased to announce that it has entered into an Investor Relations Agreement ("IR Agreement") with Working Capital Corporation ("WCC"). The IR Agreement provides for payment to WCC of a fee of $5,000 per month and the issuance of options to purchase 200,000 common shares at an exercise price of $0.10 per share. The IR Agreement is for a term of 12 months and either party may terminate the IR Agreement with 30 days' advance notice. The options have a term of 18 months and provide for vesting as to 50,000 shares immediately and 50,000 shares every 3 months thereafter. In the event that the IR Agreement is terminated by either party, any options that have not vested as at the termination date will be automatically cancelled.
WCC will assist with the Corporation's efforts to increase awareness of its business and growth prospects to the broader investment, broker and private equity community.
WCC was founded in 1999 and specializes in corporate finance, valuations, due diligence, mergers and acquisitions, investor relations and management consulting. WCC has offices in Calgary and the Bahamas.
Other than the grant of options under the IR Agreement, WCC currently has no direct or indirect interest in the securities the Corporation, or any right or intent to acquire such interests.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state of the United States or any other jurisdiction outside of Canada in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act of 1933 and applicable state securities laws.
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.