VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 3, 2013) - Valterra Resource Corporation (TSX VENTURE:VQA)(FRANKFURT:3VA) ("Valterra" or the "Company") is pleased to announce the engagement of Vanguard Shareholder Solutions Inc. ("Vanguard") as an investor relations consultant, subject to acceptance by the TSX Venture Exchange.
Vanguard has been successfully providing strategic investor relations services to some of Canada's most successful publicly traded venture-stage companies for over 12 years. Vanguard's team is made up of investment professionals with over 85 years combined capital markets experience. The objective is to work directly with Valterra's management team to achieve near and long-term objectives, which include positioning the Company in the broader financial community by engaging the interest of corporate finance, institutional fund managers, retail brokers, newsletter writers, media, and retail investors. The Vanguard model targets enhanced market liquidity and value recognition to help reduce their clients' cost of capital. Vanguard has assisted in raising hundreds of millions of dollars since 2001: http://www.vanguardsolutions.ca/clients-past.html.
Vanguard neither holds any securities nor has any interest, direct or indirect, in the Company. Vanguard and its principals do not engage in market making activities and will restrict services to public relations and investor relations counseling. Vanguard is domiciled in Vancouver, British Columbia and is owned and operated by Paul J. Lathigee.
As consideration for services provided, the Company will pay Vanguard a fee of $10,000 (plus applicable taxes) per month, plus reasonable expenses, for the duration of the initial six month term, and thereafter on a month-to-month basis. The Company will also grant Vanguard incentive stock options to purchase 750,000 common shares in the capital of the Company exercisable for a period of five years in accordance with the policies of the TSX Venture Exchange and the Company's Stock Option Plan. The initial tranche of 500,000 options will vest quarterly over a period of 12 months, with the second tranche of 250,000 options to vest quarterly over the second year of the engagement.
Valterra is a Manex Resource Group Company whose primary focus is the Bobcaygeon Graphite Project in southern Ontario, where drilling is in progress. The project area covers over 150 sq kms and is located near roads, power, and skilled labour force. Geologically the property package is favourably situated on the border of the Precambrian Grenville Province and the Paleozoic Lowlands forming a prospective locale for potential graphitic deposits.
Graphite is a naturally occurring form of carbon with wide-ranging and unique physical properties. Graphene is derived from graphite and is one of the strongest known substances with a tensile strength 200 times the strength of steel. The industrial development of graphene is at an early stage but is expected to become a key component of integrated circuits and transparent conducting electrodes, required for such applications as touchscreens, liquid crystal displays, organic photovoltaic cells and organic light-emitting diodes. Recent pricing and demand increases have accelerated numerous exploration and investment opportunities in the graphite market.
Ontario in particular offers superior geology, geoscience knowledge, infrastructure, political stability and tax incentives. Projects similarly advancing along the Grenville geological province, which hosts most of the known significant graphite deposits in Canada, include Northern Graphite Corporation, Zenyatta Ventures Inc. and Ontario Graphite Ltd.
Valterra is also active in south-eastern BC and controls over 104 sq km, with key holdings including the Star Project located southwest of Nelson, BC. This project area encompasses over 2,045 hectares covering five Au-Ag-polymetallic mineralized zones. The zones are structurally aligned in a 3.5 km belt situated near the provinces first lode mine, the ca.1888 Silver King mine. Additionally, the Company has earned a 100% interest in the 8,375+ hectare "Swift Katie" bulk-tonnage porphyry Cu-Au property located near Salmo, BC.
On behalf of the Board of Directors,
Frederick Sveinson, President, Valterra Resource Corporation
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for Valterra Resource Corporation's projects, and the availability of financing for Valterra Resource Corporation's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Valterra Resource Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.
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.