November 12, 2010, Calgary, Alberta: Antioquia Gold Inc. (TSX-V: AGD) is pleased to announce that CHF Investor Relations has been retained for a twelve-month contract to provide investor relations and market-making services to the Company which is extendable for up to another twelve months. CHF is a highly regarded Canadian investor relations firm headquartered in Toronto operating under the same management for the past seventeen years.
“It is with great enthusiasm that the Company announces the launch of a new comprehensive investor awareness campaign. We are eager to share Antioquia Gold’s story with a broader audience. CHF was selected to provide a solid broker outreach program and on-going investor relations support that will showcase the Company’s growth and investment opportunity,” explained Rick Thibault, President of Antioquia.
Effective immediately, the services agreement for investor relations and market-making is for a term of twelve months. Under the terms of the services agreement, which is subject to TSX Venture Exchange approval, CHF will receive $7,500 per month in fees and reimbursement of expenses. CHF has been granted a total of 400,000 options exercisable at $0.37. The options vest in stages over twelve months with no more than one quarter of the options vesting in any three-month period and expire in five years. Upon termination of the contract, CHF will have 30 days to exercise any vested options as is required for a Tier 2 issuer.
It has been agreed that CHF will initiate a Market Liquidity Program, more commonly referred to as market-making, through its Calgary office. An arm’s length supportive shareholder, who is not an insider, has agreed to loan AGD capital for the purposes of market-making. This Program will be undertaken by CHF through a registered broker, Mackie Research Corporation, in compliance with the guidelines set out in Policy 3.4 of the TSX Venture Exchange Corporate Finance Manual.
Prior to the grant of options outlined above, CHF had no direct or indirect interest in the Company nor its securities.
About CHF Investor Relations
CHF’s effective role is acting as the public company’s outsourced, low-cost equivalent to an internal investor relations department. CHF serves an international portfolio of TSX/TSX Venture and CNSX listed companies, and others that may seek to list on North American Exchanges that operate in a broad range of industries including energy and industrial services, mining exploration and producers, oil & gas, biotech, high-tech, business solutions and products, niche financial products, and “green” companies. The depth of capital market experience is formidable dating back to the late 1970’s. CHF’s head office is in Toronto, with another Canadian office in Calgary; as well as branch offices in New York, USA; São Paulo, Brazil; and Shanghai, China.
About Antioquia Gold Inc.
Antioquia is a mineral exploration company focused on searching out precious metals and other mineral opportunities in Colombia and has been active in Colombia since 2007. Antioquia’s principal asset, which is being actively explored, is its Cisneros Project, located 70 kilometers northeast of Medellin in the Department of Antioquia, Colombia. At the Cisneros Project the Company has drilled over 11,000 meters, conducted extensive geophysical programs and is well advanced in the understanding of the deposit type and the path to development. The Cisneros Project consists of 5,630 hectares and forms the nucleus of the company’s 37,500 hectare land package located throughout Colombia.
For further information on Antioquia Gold Inc., visit our website at www.antioquiagoldinc.com or contact
Rick Thibault, President
Antioquia Gold Inc.
403-457-GOLD
rhtibault@antioquiagoldinc.com
Cathy Hume
CHF Investor Relations
416-868-1079 x231
cathy@chfir.com
Bob Leshchyshen
CHF Investor Relations
416-868-1079 x223
bob@chfir.com
To receive Company news by email, contact holly@chfir.com and mention “Antioquia Gold” news in the subject line.
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.
