Cygam Energy Inc.
TSX VENTURE : CYG

Cygam Energy Inc.

December 21, 2010 09:15 ET

Cygam Energy Inc. Retains MACAM Limited as Its Investor Relations Firm

CALGARY, ALBERTA--(Marketwire - Dec. 21, 2010) - CYGAM Energy Inc. ("CYGAM" or the "Corporation") (TSX VENTURE:CYG) is pleased to advise that it has entered into an agreement with MACAM LIMITED ("MACAM") to provide investor relation services, subject to regulatory and TSX Venture Exchange ("TSXV") approval. MACAM will initiate and maintain contact with the financial community, shareholders, investors and other stakeholders for the purpose of increasing awareness of CYGAM and its activities.

The term of the agreement between CYGAM and MACAM is for a twelve month period subject to renewal or earlier termination by either party. MACAM will receive a monthly average fee of approximately $9,000. In addition, subject to regulatory approval, MACAM will be granted 300,000 options at a price of $0.50, of which 150,000 will vest immediately and 150,000 will vest on March 31, 2011, plus an additional 300,000 options at a price of $0.65, of which 150,000 will vest on June 30, 2011 and 150,000 will vest on September 30, 2011. The stock options will expire two years from the date of the agreement.

CYGAM is a Calgary based exploration company with producing exploration properties in Canada and Tunisia plus extensive international exploration permits. The main focus of the Corporation is the acquisition, exploration and development of international oil and gas permits, primarily in Italy, Tunisia and the Mediterranean Basin. CYGAM currently holds various interests in six exploratory permits in Italy and four exploratory permits in Tunisia encompassing approximately over 3.5 million gross acres (approximately 1.8 million net acres before pending farm-outs). Visit the CYGAM website at www.cygamenergy.com for more information about CYGAM.

Neither 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.

Contact Information

  • CYGAM Energy Inc.
    Dario Sodero
    President
    (403) 802 6983
    or
    CYGAM Energy Inc.
    Ali Rawji
    CFO
    (403) 802 6983
    or
    CYGAM Energy Inc.
    Giuseppe Rigo
    Executive Chairman and CEO
    + (39) 06 390 31336
    www.macamgroup.com
    or
    MACAM Investor Relations
    Cameron MacDonald
    (403) 452-6600
    CMacDonald@macamgroup.com
    www.macamgroup.com