CALGARY, ALBERTA -- (Marketwire) -- 03/12/13 -- Amarok Energy Inc. (TSX VENTURE: AMR) ("Amarok") is pleased to announce that it has entered into a service agreement with Contact Financial Corp. ("Contact Financial") whereunder Contact Financial has been engaged to provide investor relations services to Amarok.
Subject to the approval of the TSX Venture Exchange (the "TSXV"), the terms of the service agreement provide that Amarok will pay Contact Financial a monthly fee of $6,000 and that Amarok will grant Contact Financial stock options to purchase 200,000 common shares of Amarok, subject to all necessary regulatory approvals and in accordance with the terms and conditions of Amarok's stock option plan. The term of the service agreement commences March 1, 2013 and is for an initial term of three months. At the end of the initial term, Amarok and Contact Financial may agree to extend the engagement on a month to month basis for a fee of $6,000 per month.
Pursuant to the policies of the TSXV certain services that Contact Financial will be providing may be considered to be investor relations and promotional activities on behalf of Amarok which require disclosure in this press release.
About Amarok Energy Inc.
Amarok is a Calgary, Alberta based corporation engaged in the exploration, development and production of petroleum and natural gas in highly structured play fairways of North America and Colombia
About Contact Financial Corp.
Contact Financial is a broad-based strategic marketing and communications firm with experience in creating exposure for small to mid-cap companies. Contact Financial's services will include providing advice to Amarok with respect to corporate development, production and distribution of investor-focused communication tools, and increasing awareness of Amarok within the financial community. Contact Financial has offices in both Vancouver and Montreal and is owned by Kirk Gamley.
Other than 920,000 common shares held directly and indirectly by Kirk Gamley and Contact Financial, none of Contact Financial group has any interest, directly or indirectly, in Amarok or its securities, or any right or intent to acquire such an interest, other than the above-referenced proposed stock options.
Neither 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.
Amarok Energy Inc.
President and Chief Executive Officer
(403) 679-9170 or (403) 695-3722
Amarok Energy Inc.
Vice President, Finance and Chief Financial Officer
Contact Financial Corp. - Vancouver office
Contact Financial Corp. - Montreal office
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