Logan Resources Ltd.

Logan Resources Ltd.

April 30, 2007 12:11 ET

Logan Resources Retains Investor Relations Firm

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 30, 2007) - Logan Resources Ltd. (TSX VENTURE:LGR)(PINK SHEETS:LGREF) today announced that it has retained The RAYA Group of Vancouver BC, to expand the Company's current investor relations to include Europe.

The firm will be responsible for building the audience and servicing investors in Europe, and will include road shows to Monaco, Luxembourg, Paris, London, Madrid as well as key German and Swiss cities. The RAYA Group has an extensive relationship base with portfolio managers, private bankers, mutual fund managers, financial analysts and investors interested in Canadian mineral exploration companies.

Under the terms of the agreement, which is effective May 1, 2007, the Company will pay The RAYA Group a consulting fee of $8,000 per month for a six-month period. The Company has also agreed to grant 400,000 incentive stock options to The RAYA Group, exercisable at a price of $0.40 per share for a period of 2 years. The options shall vest on the basis of 25% every three months, and any shares issued upon exercise of the options will be subject to a hold period of four months from the date of this release.

Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. For more information on the property portfolio and the Company, please visit www.loganresources.ca, www.sedar.com and www.sec.gov websites.


Seamus Young, President and CEO

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

Contact Information

  • Logan Resources Ltd.
    Mr. Seamus Young
    (604) 689-0299 x223
    Website: www.loganresources.ca
    The RAYA Group
    Toll-Free: 1-877-626-2121