Beaufield Resources Inc. is pleased to announce that it has entered into an investor relations agreement (the “Agreement”) with Hamza Thindal Capital Corporation Inc. (“Hamza Thindal Capital”). The principals of Hamza Thindal Capital have successfully demonstrated the ability to work with senior management within junior companies in articulating a company’s inherent value to strategic partners and the investment community.
Hamza Thindal Capital will assist Beaufield in working with members of the financial community, potential investors and current shareholders to keep them informed and up-to-date on Beaufield’s activities.
The Agreement is for a term of one year, which may be earlier terminated at any time upon 30 days written notice by either party. In consideration for the services of Hamza Thindal Capital., Beaufield has agreed to pay a fee of $5,000 per month. Beaufield shall also grant Hamza Thindal Capital 200,000 stock options of Beaufield at a price of $0.15 per share for a period of 2 years with no more than 1/4 of the options vesting in any three month period.
Hamza Thindal Capital is an investor relations company owned by Dr. Essam Hamza, MD and Mr. Kamaldeep Thindal, both of Surrey, British Columbia, Canada.
Hamza Thindal Capital is not related to Beaufield, does not have any direct or indirect material interest in Beaufield or its securities, other than the stock options as described below. All matters reported herein are subject to TSX Venture Exchange approval.
Beaufield is expanding its exploration activity in Ontario and Quebec with exploration programs underway at Opinaca, Troilus and Schefferville. Beaufield’s Hemlo and Urban gold projects are being explored by others who have the right to earn 50% interest by spending a total of approximately $ 3.2 millions.
Beaufield has approximately $6 million in working capital, no debt and a promising portfolio of gold and base metal properties.
This release contains forward-looking statements that are based on beliefs of its management as well as assumptions made by and information currently available to management of the Company. When used in this release, the words “estimate”, “believe”, “anticipate”, “intend”, “expect”, “plan”, “may”, “should”, “will”, and the negative thereof or other variations thereon or comparable terminology are intended to identify forward-looking statements. Such statements reflect the current views of the Company with respect to future events based on currently available information and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in this release. The statements contained in this release speak only as of the date hereof. The Company undertakes to inform shareholders and to update forward-looking statements if circumstances or management’s estimates or opinions should change.
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.