Business
Raytec Hires Senergy for Investor Relations Services
Raytec Hires Senergy for Investor Relations Services
About this update from Encanto Potash Corp.
[{"type":"text","content":"\nRaytec Hires Senergy for Investor Relations Services\n\n\n Aug. 4, 2009 (Baystreet.ca) -- VANCOUVER, BRITISH COLUMBIA -- Raytec Metals Corp. (the \"Company\" or \"Raytec\") (TSX VENTURE: RAY) announces that it has engaged the services of Senergy Communications Inc. to provide investor relations services. Senergy Communications Inc. (\"Senergy\") is a British Columbia company, based in Vancouver, and provides investor relations and marketing services to public companies. The agreement with Senergy is effective August 1, 2009, and is subject to the approval of the TSX Venture Exchange. The agreement with Senergy will continue for a term of six months, and thereafter is renewable upon mutual agreement of the parties. In consideration for its services, Senergy will be paid $5,000 per month during the term of the agreement. In addition, Raytec has granted to Senergy stock options to purchase 300,000 common shares of the Company at a price of $0.40 for five years in accordance with the Company's Stock Option Plan. Stock Options will vest in accordance with TSX Venture Exchange rules. The agreement may be cancelled with 30 days notice by either party. Senergy advises that it does not currently hold any securities of Raytec but may acquire securities of Raytec in the future.\n\nAbout Raytec: \nRaytec Metals Corp. is a well-financed, Canadian exploration company with a recently signed Farm-In letter of intent with Africa Oil Corp. and recently signed formal agreements with Encanto Potash Corp. Raytec currently holds over 180,000 acres of potash permits in Saskatchewan, Canada - the largest producing region for potash in the world. The Company holds approximately a 20 per cent interest in Sulphur Solutions Inc., an emerging fertilizer company developing state-of-the-art patented technology for the production of micronized sulphur fertilizer. The Company is further diversified with an iron ore project in Ontario, and a uranium joint venture project in the Athabasca Basin of Saskatchewan. \nTo find out more about Raytec Metals Corp., please visit the company website at www.raytecmetals.com or review the documents filed on www.sedar.com. \nOn behalf of the Board, \nRAYTEC METALS CORP. \nBrian Thurston, President and CEO \nThis release includes certain statements that may be deemed \"forward-looking statements\". All statements in this rele...