VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 14, 2012) - Zone Resources Inc. (Zone) (TSX VENTURE:ZNR) is pleased to announce the engagement of Mr. Christopher Skidmore of Beat the Market Stock Picks to provide investor relations for the company, subject to TSX Venture Exchange approval.
Mr. Skidmore has been retained to assist the Company with a strategic mix of corporate communications and investor relations services aimed at increasing investor awareness. Under the terms of the agreement, Zone will pay Mr. Skidmore $2,500 per month plus HST and grant options, according to the Company's stock option plan and the policies of the TSX Venture Exchange, to purchase up to 125,000 shares for a period of two years. In accordance with exchange regulation TSX Policy 4.4, Section 2.3 (b), these options will vest over a period of 12 months.
Beat the Market Stock Picks is an Investor Relations firm based out of Vancouver and specializes in identifying and marketing early stage exploration and development projects within the mining sector. Beat the Market provides detailed company analysis, corporate strategy, and marketing services to a broad investment community.
About Zone Resources Inc.
Zone Resources Inc. is a Canadian Iron ore exploration and development company with 4 major projects situated in the Labrador Trough of Quebec, Canada. The properties are near Adriana Resources' Lac Otelnuk Project and New Millennium's Kemag and Labmag projects. Historical drilling on the Moore-Ross property includes a significant hole grading 42.9% iron over 197 feet. Over 37 drill holes, the primary iron mineral is hematite and iron grades ranged from 17.25% to 44.8%. Technical information in this news release has been reviewed by Mike Magrum, PEng. a qualified person as defined in National Instrument 43-101. The Company's shares trade on the TSX Venture Exchange under the symbol ZNR.
This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
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.