TORONTO, Feb. 5 /CNW/ - COGITORE Resources Inc. (the "Company") (WOO: TSX-V) is pleased to announce that it has retained the services of Louis Morin to coordinate and expand its investor relations activities.
Mr. Morin will provide investor relations services on a month by month basis effective immediately. In consideration for his services, Mr. Morin will be paid a monthly fee of $6,000 and will be reimbursed for authorized expenses. Subject to required regulatory approvals, Mr. Morin will also be granted stock options to purchase up to 75,000 common shares at an exercise price of $0.50, expiring on February 4, 2013. The options will vest in three month stages over a 12 month period in accordance with regulation authorities.
Mr. Morin has a combined 35 years of experience in mineral exploration and the securities industry. He was involved in mineral exploration field work early in his career before spending 17 years working as an investment advisor with a number of major brokerage firms. For the last six years Mr. Morin has run his own investor relations consulting service.
The Company has developed a strategic focus on base metal exploration in prospective areas that also feature infrastructure favourable for mining development. Accordingly, it will focus its work in the Abitibi Belt of Quebec and Ontario, and in the Central Belt of Newfoundland.
On Behalf of the Board of Directors
Gerald Riverin
President & CEO
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