LeBoldus Capital Inc
TSX VENTURE : LEB

October 01, 2010 10:46 ET

LeBoldus Capital Engages Advanture Capital Partners Inc. for Investor Relations Services

TORONTO, ONTARIO--(Marketwire - Oct. 1, 2010) - LEBOLDUS CAPITAL INC. ("LeBoldus" or the "Company") (TSX VENTURE:LEB) is pleased to announce that it has engaged Advanture Capital Partners Inc. ("Advanture") of Vancouver, B.C. to provide investor relations, corporate communications and marketing services to the Company.

The Advanture team will use their expertise to implement an investor relations program that will expose the Company to a broad range of potential investors, including relevant industry investors and stakeholders through available mediums including traditional outreach as well as the latest online marketing methods.

Paul Davis, President and C.E.O. of LeBoldus commented: "With a significant interest in a quality gold project in Peru, LeBoldus is now ready to take the next steps in building value though exploration, development and acquisition. We look forward to working with Advanture as they actively engage the investment community and help ensure that the value of our growing corporation is communicated and fully appreciated."

The renewable agreement ("Agreement") between LeBoldus and Advanture is for an initial term of six (6) months beginning October 1, 2010 and may be extended for a further six (6) months upon mutual consent of both parties. In consideration for the investor relations, corporate communications and marketing services, Advanture will be paid a monthly fee of $6,500 (plus applicable taxes) out of working capital and will receive 50,000 stock options ("Options") to purchase common shares in the capital of the Company at an exercise price of $0.20 per share. The Options will vest over a twelve (12) month period in accordance with the policies of the TSX Venture Exchange and expire five (5) years from the date of grant or earlier if the Agreement is terminated prior thereto. The Agreement is subject to regulatory approval and all terms will be subject to and in accordance with the rules and regulations of the TSX Venture Exchange. Advanture is a shareholder of the Company but is considered an arms'-length party.

Advanture Profile

Advanture Capital Partners Inc. is a Vancouver based public company development firm focused on partnering with emerging companies to centralize administration, regulatory reporting, financing and investor relations. Advanture's infrastructure enables their partners to focus on developing their business and building shareholder value. For additional information about Advanture, please visit www.advanturecapital.com.

Company Profile

LeBoldus Capital Inc. is an emerging Canadian based mining company focused on the exploration and development of gold and other precious metal properties in the Republic of Peru. The Company has an option to acquire up to a 50% interest in the Corongo property located in a portion of the Western Cordillera of Peru that hosts numerous precious and base metal deposits, including Barrick Gold Corp.'s Pierina and Lagunas Norte gold mines, and Compania Minera Antamina S.A.'s Antamina copper-zinc mine.

ON BEHALF OF THE BOARD OF DIRECTORS

Paul C. Davis, President and C.E.O.

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.

Contact Information

  • For further information relating to the Company or this
    release, please contact:
    Investor Relations
    1-800-797-0193
    info@advanturecapital.com