Passport Energy Announces Hiring Investor RelationCalgary, Alberta CANADA, February 09, 2011 /FSC/ - Passport Energy Ltd. (PPO - CNSX), announces that it has retained Investor Cubed Inc. ("ICI") for investor relations. The investor relations program will include an enhanced investor marketing program, managing investor communications and internet communications including email blasts. Investor Cubed will receive $5,000 per month and will receive 690,000 options of Passport. The Stock Options will vest in quarterly tranches of 172,500 each and will be exercisable for
.34 per common share. The Stock Options are subject to regulatory approval and the provisions of Passport's Stock Option Plan.
About Investor Cubed
Investor Cubed provides specialized investor relations and business consulting services to a select group of leading Canadian small cap companies. ICI considers its small cap clients to be "partners" in creating value for their shareholders and for the financial industry professionals to whom it introduces its clients.
In addition, Investor Cubed is a partner and co-manager of www.SmallCapPower.com (SCP). SCP is Canada's first website dedicated to tracking stocks with market caps from $5 to $500 million and has rich investment content and dynamic functionality that brings investors and financial industry professionals together to discover and communicate with small cap companies.
The Company also wishes to announce that it has granted another 675,000 stock options to certain directors, officers and consultants of the Company. The options have a term of five (5) years and an exercise price of
.34 per share.
The Company is a junior natural resource exploration company focused on the acquisition, exploration, and development of economically viable natural resources, with a focus on Bakken oil and gas projects. The Company currently owns 60% of 43,584 gross acres of oil and gas leases in "The SweetGrass Arch" Prospect located in Toole and Pondera Counties, Montana. The SweetGrass Arch prospect has significant gas potential as well as Bakken oil potential. The Company also has signed a letter of intent allowing it to earn a 25% interest on up to two wells and associated acreage in the Hardy Bakken Field in south-eastern Saskatchewan. The Company continues to seek additional oil and gas properties.
The Company Trades on the CNSX under the trading symbol "PPO".
The CNSX does not accept responsibility for the adequacy or accuracy of this news release.
For more information, please refer to the Company's public documents available on SEDAR (
www.sedar.com).
For further information contact:
Frank Port
President, Chief Executive Officer, and Director
Tel: 604-805-9999
E-mail: fport@passportenergy.com
Website:
www.passportenergy.com