WCB Resources Retains Investor Relations Services
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 5, 2012) - WCB Resources Ltd. ("WCB" or the "Company") (TSX VENTURE:WCB) announces that it has retained Ironstone Capital Corp. ("Ironstone") to provide investor relations services. Lee Bowles, the Principal of Ironstone, has been in the investment business since 1994 and has worked for several leading independent investment dealers in Toronto, New York and London in the areas of fixed income trader, investment banking and institutional equity sales. He is credited with helping build one of Canada's leading resource focused investment dealers. Most recently, he provided institutional equity sales coverage with a focus on European based institutions.
Ironstone's primary responsibilities will be arranging meetings with professional investors and managing relationships with the professional investment community on the Company's behalf, providing awareness of the Company's activities to shareholders, brokers, analysts, and fund managers, and assisting in the preparation of marketing materials. Ironstone will provide services on a consulting basis pursuant to an investor relations consulting agreement dated November 5, 2012. Ironstone will receive consulting fees totaling $5,000 per month and Mr. Bowles has been granted options to purchase 200,000 shares of WCB at a price of $0.60 per share until November 5, 2014. The options will vest quarterly and will be governed by the provisions of the Company's stock option plan.
About WCB Resources
WCB is an aggressive minerals exploration and development company that brings together a strong, interdisciplinary, and proven management team with the ability to take a project from discovery right through to operation.
WCB's strategy is to build shareholder value through acquisition, exploration and development of copper gold projects. This strategy is being developed by a synthesis of WCB's core skills in project evaluation, structured acquisition, exploration and project development and operations, areas where WCB directors and executives have significant experience.
We believe that our capabilities and experience, combined with an efficient corporate structure, provide tremendous potential upside for investors. WCB is engaged in an ongoing search and evaluation of additional copper gold projects in the Asia Pacific region.
On behalf of the Board of Directors
Cameron Switzer, President and Chief Executive Officer
The Company relies on litigation protection for "forward looking" statements. Actual results could differ materially from those described in the news release as a result of numerous factors, some of which are outside the control of the Company.
FOR FURTHER INFORMATION PLEASE CONTACT:
WCB Resources Ltd.
WCB Resources Ltd.
Ironstone Capital Corp.