VANCOUVER, April 17 /CNW/ - Evolving Gold Corp. (TSXV: EVG) (FSE: EV7) (the "Company") announces that it has engaged Senergy Communications Inc. ("Senergy") to provide it with marketing and investor communications services.
Senergy Communications Inc. is a British Columbia company, based in Vancouver, BC and provides investor relations and marketing services to public companies. Senergy and the Company are at arms-length to one another.
The Company has agreed to pay Senergy a monthly fee of $5,000 for the one-year term of the agreement which may be renewed on mutually agreeable terms thereafter. The Company has also granted to Senergy stock options to purchase 250,000 common shares of the Company at a price of $0.35 for five years in accordance with the Company's Stock Option Plan and the policies of the TSX Venture Exchange. Stock Options will vest 25% every three months from the date of grant. The agreement may be cancelled after 6 months with 30 days notice by either party and any remaining vested options will be cancelled. This agreement is subject to the approval of the TSX Venture Exchange.
On April 16, the Company granted 720,000 incentive stock options (The 720,000 options includes the 250,000 options to Senergy) to certain employees, consultants and officers of the Company at a price of $0.35. 570,000 options have a 10 year term and 250,000 options have a 5 year term. All options are subject to regulatory approval.
About Evolving Gold Corp.
Evolving Gold is focused on its discovery property - Rattlesnake Hills, Wyoming. Evolving has the option to acquire 100% of the Rattlesnake Hills project.
Evolving also has 8 other gold properties in New Mexico and Nevada including a lease agreement with Newmont Mining Corporation on four prospective gold properties (North Carlin District Properties) located within the prolific Carlin Gold Trend (see press release 12/5/2007).
Evolving Gold has approximately $17 million in its treasury.
For more information about Evolving Gold Corp please visit: www.evolvinggold.com.
On Behalf of the Board of Directors EVOLVING GOLD CORP. ------------------ Robert Bick Executive Chairman
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FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: results of exploration activities and development of mineral properties, fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing, currency fluctuations, general market and industry conditions and other risks disclosed in the Company's filings with Canadian Securities Regulators.
Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
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.