VANCOUVER, April 14 /CNW/ - Grande Portage Resources Ltd. (TSX-V GPG) ("Grande Portage" or "the Company") is pleased to announce that it has retained Global Opportunities AG ("Global") of Bach, Switzerland to provide investor relations services in Europe.
Global will receive a monthly retainer of C$8,000 for a 12 month term, subject to termination by either party with 60 days written notice. Grande Portage will also issue, as compensation to Global, an option to purchase 250,000 common shares pursuant to the Company's stock option plan. The options are exercisable at a price of C$0.20 per share. The options will vest in accordance with the TSX Venture Exchange guidelines and Grande Portage's stock option plan. This agreement is subject to regulatory approval.
About Grande Portage Resources Ltd.
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Grande Portage Resources Ltd. is a mineral exploration and development company focused on massive sulphide exploration in British Columbia. Grande Portage is operated by experienced managers and professionals who have been effective in discovery, mine development, and mining operations throughout North and South America, Africa, Europe, and Central Asia. The Company is well financed with no long term debt. More information is available online at www.grandeportage.com
ON BEHALF OF THE BOARD OF DIRECTORS
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Alistair MacLennan, Chairman
Statements about the Company's future expectations and all other
statements in this press release other than historical facts are
"forward-looking statements". Such forward-looking statements are based
on numerous assumptions, and involve known and unknown risks,
uncertainties and other factors, including risks inherent in mineral
exploration and development, which may cause the actual results,
performance, or achievements of the Company to be materially different
from any projected future results, performance, or achievements expressed
or implied by such forward-looking statements.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF
THIS NEWS RELEASE