Tuscany Announces the Retention of Calgary-Based Stirling Merchant Capital Inc. & Brisco Capital Partners Corp. & the Grant o...
31 Março 2014 - 9:30AM
Marketwired
Tuscany Announces the Retention of Calgary-Based Stirling Merchant
Capital Inc. and Brisco Capital Partners Corp. and the Grant of
Options
CALGARY, ALBERTA--(Marketwired - Mar 31, 2014) - Tuscany Energy
Ltd. ("Tuscany") (TSX-VENTURE:TUS) is pleased to announce, subject
to TSX Venture Exchange acceptance, that it has retained
Calgary-based Stirling Merchant Capital Inc. ("Stirling") and
Brisco Capital Partners Corp. ("Brisco") to provide investor
relations and marketing services, including organizing and
coordinating road-shows, introducing management to market
participants, and assisting with the preparation and presentation
of investor and marketing materials.
Stirling's business is primarily focuses on organizing
road-shows for Canadian listed public companies. Stirling is
operated by Sam Grier and Natalya Tatarinova. Combined they have
over 15 years' experience as investor relations professionals.
Brisco is a capital markets consultancy firm founded by Scott
Koyich and has been providing investor relations services to public
companies for over 16 years.
Stirling and Brisco will assist Tuscany in fostering productive,
continuing dialogues with analysts, brokers, investors and other
investment professionals within the financial community.
The investor relations agreement between Tuscany and Stirling
and Brisco is effective immediately and shall have a term of 12
months unless extended by mutual agreement or terminated earlier by
a party with 30 days written notice. Pursuant to the agreement,
Tuscany will pay a monthly fee of $6,000 and grant each of Stirling
and Brisco 50,000 options exercisable at a price of $0.445 per
share. Other than the options, neither Stirling or Brisco or any of
their directors, officers or employees have any interest, directly
or indirectly, in Tuscany or it securities, or any right or intent
to acquire such an interest.
The investor relations agreement and the grant of the options
are both subject to the approval of the TSX Venture Exchange.
Tuscany also announces that its board of directors has granted
to certain of its officers and directors options to acquire an
aggregate of 350,000 common shares of Tuscany at a price of $0.445
per share pursuant to Tuscany's share option plan. The options vest
as to one-third on each of the first, second and third
anniversaries of the date of grant, and have a term of 5 years.
Under the rules and policies of the TSX Venture Exchange, the
grant of 300,000 of the options is subject to the approval of both
the TSX Venture Exchange and disinterested shareholders, because
such options were granted within two months of the cancellation of
other options held by the applicable directors and officers.
Accordingly, shareholders will be asked to approve such grant at
the annual and special meeting of shareholders of Tuscany to be
held on April 30, 2014. Further details of the cancelled options
and the grant of the new options will be included in the
information circular of Tuscany to be delivered to shareholders in
connection with the meeting, which information circular will also
be available on SEDAR at www.sedar.com.
Tuscany Energy Ltd. is a Canadian oil-focused junior, with
growth planned from repeatable, horizontal oil development
drilling. The Company's principal focus is the exploitation of oil
resources in Alberta and Saskatchewan and the majority of its
revenue is generated from oil sales in Saskatchewan.
Please refer to Tuscany's website at www.tuscanyenergy.com for
more information on the Company's Evesham and Macklin fields and
other prospects in Alberta and Saskatchewan.
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.
Tuscany Energy Ltd. Robert W. LamondPresident & CEO(403)
269-9889 (403) 269-9890 Tuscany Energy Ltd. Donald K. ClarkVice
President Operations(403) 269-9889(403)
269-9890www.tuscanyenergy.com
Tuscany Energy Ltd. (TSXV:TUS)
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