Whetstone Minerals Ltd.

Whetstone Minerals Ltd.

November 23, 2011 18:00 ET

Whetstone Announces Investor Relations Agreement With CR Financial Research Inc.

CALGARY, ALBERTA--(Marketwire - Nov. 23, 2011) - Whetstone Minerals Ltd. ("Whetstone")(TSX VENTURE:WMI) announced today that it has entered into an investor relations agreement with CR Financial Research Inc. ("CR Financial") whereby CR Financial will provide investor relations services including preparation and dissemination of written reports and articles describing the publicly disclosed activities of Whetstone and interaction with investors and shareholders. In consideration for these services, CR Financial will receive $3,000 per month for an initial 6 month term, which term may be extended for a further six months on terms to be mutually agreed. In addition, CR Financial has been granted an option to purchase 250,000 common shares of Whetstone at an exercise price of $0.15 per share exercisable for a term of two years from the date of grant. The options vest as to one-quarter thereof every four months, commencing on the date of grant. The investor relations agreement, the payment of the cash fee and the issuance of stock options are subject to the approval of the TSX Venture Exchange.

There is no prior relationship between Whetstone and CR Financial, nor is there any prior direct or indirect interest in Whetstone or its securities or any right to acquire such an interest on the part of CR Financial. CR Financial, based in Toronto, Ontario provides research services to public companies as well as institutional and accredited investors.

About Whetstone Minerals Ltd.: Whetstone Minerals Ltd. is a gold exploration and development company focused on Zimbabwe, where it owns a number of advanced exploration projects including several former producing mines. Whetstone's common shares are listed on the TSX Venture Exchange under the trading symbol "WMI". Whetstone is pursuing a two pronged growth strategy through aggressive property and corporate acquisitions as well as adding resources through the drill bit. Whetstone's website address is www.whetstoneminerals.com.

Forward-Looking Statements: Statements in this news release, including but not limited to Whetstone's ongoing relationship with CR Financial and the continuation of the relationship beyond the initial term constitute forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward looking statements including, without limitation, business risks and risks and uncertainties relating to regulatory approval. Statements containing forward-looking information express, as at the date of this news release, Whetstone's plans, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to Whetstone. There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information. Whetstone does not undertake to update any forward-looking information except in accordance with applicable securities laws.

To be added to Whetstone's private email list, please contact info@whetstoneminerals.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Whetstone Minerals Inc.
    Allan Dolan
    Chairman and Interim Chief Executive Officer
    +44 (77) 9697 3008