VANCOUVER, BRITISH COLUMBIA -- (Marketwire - Oct. 3, 2011) - The following press release replaces the one disseminated at 4:05 PM ET today, October 3, 2011. There was an error in date of issuance of the stock options in the third paragraph. The corrected release is as follows.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Silver Pursuit Resources Ltd. (TSX VENTURE:SPF) (the "Company") has appointed Primoris Group Inc. ("Primoris Group") to provide media relations services to the Company. Primoris Group is a Toronto-based investor and media relations firm.
Under the leadership of principals Joseph Carusone and Nick Boutsalis, Primoris Group will provide the Company with a full range of media relations services, co-ordinating editorial coverage through print, radio and TV, and on-line media outlets.
Under the terms of the agreement, which commences October 1, 2011, for a one-year period, Primoris Group will execute a comprehensive communications program to support the Company's growth strategy, for which it will be paid a fee of $7,000 per month. Primoris Group has also been granted options to purchase 200,000 common shares of the Company at 20 cents per share exercisable for a period of five years from the date of issuance. The options will vest at 25% every three months.
The agreement between the Company and Primoris Group and the grant of options are subject to regulatory approval. The Principals of Primoris Group currently hold 330,000 common shares in the Company, and they may choose to acquire additional shares in the Company in the future. Primoris Group does not intend to undertake any market-making activities.
ON BEHALF OF SILVER PURSUIT RESOURCES LTD.
Adrian Robertson
President and CEO
Neither the 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.
Contact Information
Silver Pursuit Resources Ltd.
Investor Relations
604-682-2928 or Toll Free: 1-888-400-2928
604-685-6905 (FAX)
www.silverpursuit.ca
