Oriental Minerals Signs Investor Relations Agreement with GGM Europe Limited & Awards Options
8/17/2007
Vancouver, BC August 17, 2007
FSC / Press Release
Oriental Minerals Signs Investor Relations Agreement with GGM Europe Limited & Awards Options
Vancouver, British Columbia CANADA, August 17, 2007 /FSC/ - Oriental Minerals Inc. (TSX - VX: OTL, FWB: OZ4), (the "Company") has retained GGM Europe Limited ("GGM") a London-based company specializing in corporate finance and communications, to provide the Company with investor relations representation in Europe. Mr. Douglas Gordon is the Chairman of GGM Europe.
The Agreement has a term of 12 months. Under the terms of the agreement, GGM will receive CDN$10,000 per month in remuneration and has been granted 280,000 incentive stock options exercisable at $1.55 per share for a maximum of two years, and in accordance with the Company's Stock Option Plan and TSX Venture Exchange Policy 3.4. The Agreement is subject to filing with and the approval of the TSX Venture Exchange. The shares are subject to a four-month hold period.
Also subject to approval of the TSX Venture Exchange, the Company has granted 700,000 incentive stock options to an officer/director for a period of five years at an exercise price of $1.55 per share, subject to a four-month hold period.
On behalf of the Board of Directors,
Damien Reynolds,
Director and Chairman
For More Information Contact:
Spiro Kletas
Investor Relations
(604) 681-5755
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute Forward-looking statements. Such statements are based on numerous assumptions and are subject to all the risks and uncertainties inherent in the Company's business, including risks related to mineral exploration and development. Consequently, actual results may vary materially from those described in the forward-looking statements.
The TSX Venture Exchange does not accept responsibility for the adequacy and accuracy of this release.
Spiro Kletas
Investor Relations
(604) 681-5755
Source: Oriental Minerals Inc. (OTL - TSXV) www.orientalminerals.com
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