VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/02/13 -- Big Sky Petroleum Corporation (TSX VENTURE: BSP) ("Big Sky" or the "Company") is pleased to announce that it has entered into an investor relations agreement (the "Services Agreement") with Skyblue Relations ("Skyblue"), a sole proprietorship, the principal of which is Todd Hanas ("Hanas"). The term of the Services Agreement is for an initial three-month term effective March 15, 2013, with provision for extension for a one year period. The Company may terminate the Services Agreement at any time after June 15, 2013 by providing one month's written notice.
Skyblue will assist the Company to implement a comprehensive investor relations program designed to increase corporate communications to shareholders and the financial community in general, while increasing share value and liquidity of the Company. Skyblue and Hanas are at arm's length to the Company and do not currently own any securities of the Company as of the date hereof but may purchase securities in the Company from time to time for investment purposes.
Pursuant to the Services Agreement, the Company will pay a monthly fee of $5,000 (plus approved expenditures and applicable taxes) and will grant 150,000 common share purchase options under the Company's shareholder approved share option plan. The options are exercisable at a price of $0.25 per share, will vest in quarterly increments, and will be exercisable until the earlier of one year from the date of grant and 90 days following termination of the Services Agreement.
The Services Agreement and the stock option grant are both subject to the approval of the TSX Venture Exchange.
About Big Sky
Big Sky Petroleum Corp. (TSX VENTURE: BSP) is a Canadian oil and gas exploration and production company with U.S. operations in Texas and Montana. The Company is currently focused on the development of unconventional tight oil reservoirs in the Southern Midland Basin of West Texas, and the Southern Alberta Basin of Montana. The Company uses the latest technology and streamlined operations for a scalable and repeatable business model based on precise execution, while still emphasizing growth.
Sam Nastat, President
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.
Big Sky Petroleum Corporation
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