Challenger Deep Resources Corp.
TSX VENTURE : CDE

Challenger Deep Resources Corp.

June 30, 2011 07:30 ET

Challenger Announces Appointment of Director and Retention of Investor Relations Consultants

CALGARY, ALBERTA--(Marketwire - June 30, 2011) - Challenger Deep Resources Corp.("Challenger" or the "Company") (TSX VENTURE:CDE) is pleased to announce the appointment of Mr. Terry Shaunessy to the Board of Directors. Mr. Shaunessy is the founder and principal of Shaunessy Investment Counsel Inc., an independent Calgary-based portfolio manager.

Mr. Shaunessy has been a senior institutional research manager and institutional investment manager for over 20 years. Prior to establishing Shaunessy Investment Counsel in 2000, Terry held senior positions with HSBC Asset Management, Gordon Capital, Gryphon Investment Counsel and Merrill Lynch. At Merrill Lynch Terry was the Director Of Research and a top-ranked bank analyst. At Gryphon Terry was Managing Partner and Portfolio Manager (one of four) responsible for investing over $7 billion in assets in equity markets.

Mr. Shaunessy will serve as an independent board member and will be appointed to the Company's audit committee.

Challenger Retains Investor Relations Consultant

Challenger announces that it has engaged Emerging Asia Capital Ltd. to develop and execute a comprehensive marketing and investor communications program to help raise awareness of the Company in Asia.

Emerging Asia Capital is a Beijing based boutique mining investor relations firm. Emerging Asia Capital's services will include providing advice to Challenger with respect to Asian focused investor relations media and marketing campaigns.

Under the terms of the agreement, the Company will pay a monthly fee of $5,500 to Emerging Asia Capital and will reimburse Emerging Asia Capital for its reasonable out-of-pocket expenses (subject to prior Company approval). The Company has also agreed to pay Emerging Asia Capital a finders fee of 5% on any financial or corporate transactions which are completed with parties introduced by Emerging Asia Capital. The agreement has an initial term of three months which will be automatically extended on a month-to-month basis subject to a 30 day termination provision. The agreement is subject to acceptance for filing by the TSX Venture Exchange.

CAUTIONARY STATEMENT

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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 of accuracy of this news release.

Contact Information

  • Challenger Deep Resources Corp.
    Darold H. Parken
    Director
    403-262-3238
    403-237-5816 (FAX)

    Challenger Deep Resources Corp.
    Kirk Gamley or Mas Kobuchi
    Investor Relations
    604-689-7422
    www.challengerdeep.ca