| | | Tue Mar 1, 2011
News Release
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| | Pennant Energy Inc. announces that it has engaged Investor Cubed Inc. of Toronto, Ontario ("Investor Cubed") to provide investor relations on behalf of the Company pursuant to a one year contract. Messrs. Alan Huycke and Neil Simon, the principals of Investor Cubed are investor relations specialists. Investor Cubed Inc. provides specialized investor relations and business consulting services to a select group of leading Canadian small cap companies. Their combined extensive industry experience has enabled them to develop a national network of financial professionals that is vital its business model. Consequently, they view their small cap clients as "partners" in creating value not only for their shareholders, but also for the financial industry professionals.
Investor Cubed Inc. is also 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. It has comprehensive investment materials and dynamic functionality that joins investors and financial industry professionals to discover and communicate with small cap companies.
Compensation to Investor Cubed will be $5,000 per month. The Company has also agreed to grant an option to purchase 200,000 common shares, exercisable at the price of $0.18 per share for one year. The stock option to be granted will be in accordance with the Company's Stock Option Plan, will have the required four (4) months hold period legend pursuant to the TSX Venture Exchange and will have vesting provisions attached.
Messrs. Huycke and Simon, the principals of Investor Cubed report that they own no securities of the Company.
The above is subject to the approval of the regulatory authorities.
On behalf of the Board of Directors of
PENNANT ENERGY INC.
Signed: Thomas Yingling
Thomas Yingling, President
This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.
Neither 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." |
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