Looks like RGC is ready to increase exposure, which I think is excellent, as long as they don't dilute the crap out of us or if don't have a PO it's at a higher level.
News from Marketwire
Redstar Hires Contact Financial
08:09 EST Thursday, January 07, 2010
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 7, 2010) - Redstar Gold Corp. (TSX VENTURE:RGC) has engaged Contact Financial to develop and execute a comprehensive marketing and investor communications plan called the "Fast Focus" program to help raise awareness of the company over a 3-month renewable term, subject to TSX Venture Exchange approval.
Contact Financial is a Vancouver-based strategic marketing and communication firm that will increase Redstar Gold Corp.'s exposure to industry stakeholders and investors. Contact Financial will be responsible for providing advice to the company with respect to corporate development, producing and distributing effective marketing communication tools, and increasing investor awareness. For more information please visit www.contactfinancial.com.
Redstar Gold Corp. is an exploration company with active projects in Red Lake and Nevada that advances its projects through partnerships with aggressive exploration companies. Its most advanced project is the Newman Todd project in Red Lake, Ontario where the company has recently completed an initial 4 drill holes of a planned 5,000 metre program. Previous drilling by Redstar has returned values up to 61.2 g/t gold over 1.0 metre within a larger interval of 14.23 g/t gold over 5.0 metres. The gold occurs within a structure that can be traced for 2.0 kilometres and is associated with quartz veining and silica, sulphide and magnetite replacement of intensely iron carbonate altered breccias zones.
Redstar has 12 projects in Nevada; a drill program has recently been completed by Fronteer Developments Ltd on the Richmond Summit project on the Carlin Trend. Over the past number of years Redstar has been able to acquire high priority projects in Nevada largely based on a geological database purchased from AngloGold Ashanti. The database is an extensive treasure chest of proprietary data including drill data, soil and rock geochemical data and geophysics. Redstar is actively seeking additional partners for its Nevada projects.
Under the renewable agreement, Contact Financial will receive a fee of $25,000 for an initial term of three months and $6,000 per month, on a month-to-month basis, following. Contact Financial will further receive 200,000 incentive stock options good for two years from date of signing to purchase common shares of the company at $0.30 that will vest over a period of 12 months. Contact Financial is at arm's length to Redstar Gold Corp.
On Behalf of the Board,
Redstar Gold Corp.
Scott Weekes, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Redstar Gold Corp. - Corporate Inquiries
Tim Mikula
Investor Relations
604.488.0051
604.488.0053 (FAX)
tmikula@redstargold.com
www.redstargold.com
or
Contact Financial
Chris Gordon
604.689.7422
cgordon@contactfinancial.com
or
Renmark Financial Communications Inc. - Corporate Inquiries
Barbara Komorowski
514.939.3989 or 416.644.2020
bkomorowski@renmarkfinanical.com
or
Renmark Financial Communications Inc. - Corporate Inquiries
Dan Symons
514.939.3989 or 416.644.2020
dsymons@renmarkfinancial.com
www.renmarkfinancial.com
