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American Consolidated Minerals Corp (TSX-V:AJC)Shares Issued 93,965,028Last Close 8/31/2010 .21Wednesday September 01 2010 - News Release
Mr. Al Fabbro reports
AMERICAN CONSOLIDATED ANNOUNCES NORTH AMERICAN IR STRATEGY
American Consolidated Minerals Corp. has retained the California-based firm Torrey Hills Capital of San Diego to develop and execute a comprehensive corporate and media awareness program, and to conduct investor relations activities on behalf of the company. Headed by Clifford Mastricola, Torrey Hills is a corporate finance and investor relations advisory firm specializing in the development of emerging growth companies in the United States and Canada.
The company will pay Torrey Hills a monthly fee of $5,000 (U.S.) for the initial three-month term of the agreement, which may be extended beyond the initial term on mutually agreed-upon terms. Pursuant to the agreement, the company will also grant a total of 300,000 incentive stock options to Torrey Hills at an exercise price of 21 cents over two years, which options will vest over a period of 12 months and are subject to the policies of the TSX Venture Exchange. Other than stock options granted, the consultant has no rights or intent to acquire any shares of the company.
The company has also engaged Falcon Point Capital Partners, a Vancouver-based firm that provides marketing communications and investor relations solutions to public companies, through its InvestmentBC platform. Falcon Point is initially engaged for six months, renewable on mutually agreeable terms. The initial term provides for a monthly fee of $1,200 and the granting of 25,000 incentive stock options to Falcon Point at an exercise price of 21 cents over two years, with vesting terms as required by the exchange. Other than stock options granted, Falcon Point has no rights or intent to acquire any shares of the company.
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