TORONTO, ONTARIO -- (Marketwire) -- 01/11/13 -- Southern Legacy Minerals Inc. ("Southern Legacy" or the "Company") (TSX VENTURE: LCY) has retained Pinnacle Capital Markets Ltd. ("Pinnacle") to develop and provide investor relations services for the Company which will enhance and expand Southern Legacy's exposure to the Canadian and international investment community. Pinnacle will assist Southern Legacy in fostering productive, continuing dialogues with analysts, brokers, potential investors, current shareholders and other financial professionals.
The term of the agreement is for one year (the "Term") and may be extended at any time for an additional one year by written agreement of both parties. Southern Legacy will compensate Pinnacle with a monthly retainer of $7,000 and issue 100,000 incentive stock options to be granted pursuant to the Company's stock option plan (the "Option Plan") and the rules of the TSX Venture Exchange. The options are exercisable at a price of $0.45 for four years in accordance with the Option Plan and will vest in four equal installments every three months commencing on the grant date. The agreement is subject to the approval of the TSX Venture Exchange.
Pinnacle Capital Markets LTD. is a Toronto based advisory firm that provides full range of services to publicly-listed companies operating primarily in the mining, oil and gas, technology and renewable energy sectors. They also assist private companies develop and define a capital markets strategy for future public listing. Their objective is to work closely with their clients to achieve key investor relations goals such as: assist in positioning their client in the context of the public markets, enhance visibility within the financial community, increase liquidity through enhanced retail and institutional awareness, attract and increase equity research coverage, and assist in identifying much needed growth capital. PCM believes that a successful investor relations program depends on a multifaceted approach, including an effective strategy, tactical execution, thoughtful advice, and ongoing communication.
About Southern Legacy Minerals Inc.
Southern Legacy Minerals Inc. ("Southern Legacy") (TSX VENTURE: LCY) is an exploration company with a portfolio of copper and gold projects in South America. Southern Legacy is currently focused on advancing its flagship copper and gold AntaKori project (formerly known as Sinchao), located in northern Peru between Gold Fields' Cerro Corona and Buenaventura-Southern Copper's Tantahuatay mines. The project currently has a NI 43-101 compliant inferred resource estimate of 294 Mt with average copper and gold grades of 0.48% and 0.36 g/t, respectively, containing 3.1 Blbs of copper and 3.4 Mozs of gold, at an average copper equivalent grade of 0.92%.
Forward Looking Statement:
Certain of the information contained in this news release constitutes 'forward-looking statements' within the meaning of securities laws. Such forward-looking statements, including but not limited to those with respect to the prices of metals and minerals, purchase payments, estimated future production and estimated costs of future production involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any forecast results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of metals and minerals, the actual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the documents of the Company filed from time to time with the British Columbia Securities Commission.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Southern Legacy Minerals Inc.
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