Reef Resources Ltd.

Reef Resources Ltd.

July 13, 2009 18:23 ET

Reef Resources Ltd. Appoints Investor Relations Firm

CALGARY, ALBERTA--(Marketwire - July 13, 2009) -


Reef Resources Ltd. (TSX VENTURE:REE) ("Reef" or the "Company") is pleased to announce it has entered into an investor relations contract with Couronn Capital. Pursuant to this agreement Couronn will provide investor relations services including the enhancement of Reef's profile among the investment community. Subject to regulatory approval, Couronn Capital has been retained for an initial term of three months and, thereafter, on a 6 month renewable contract basis. Couronn Capital's remuneration will be $5,000 per month and 420,000 options exercisable at $0.15 per share will vest on a monthly pro rata basis over a thirty six month period. Granting of the options is subject to regulatory approval.

"We are pleased to be associated with Couronn Capital. They have excellent contacts in the investment community across Canada and an approach to investor relations that fits our needs." said Arnie Hansen, President, Reef Resources Ltd.

About Reef Resources Ltd.

Reef was formed to participate in the exploration, development and production of conventional crude oil and natural gas reserves in Ontario, Alberta and Saskatchewan. The Company's strategy is to build shareholder value through internally generated exploration and development drilling as well as through selective acquisitions and mergers.

Forward Looking Statements - This news release contains certain forward-looking statements, which include assumptions with respect to raising funds and future capital expenditures. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

The TSX Venture does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Reef Resources Ltd.
    Arnie Hansen
    President & CEO
    (403) 251-9447 Ext 224
    (403) 251-9553 (FAX)
    Reef Resources Ltd.
    Larry Olson
    V.P. Finance
    (250) 490-3378
    (403) 251-9553 (FAX)