VANCOUVER, British Columbia, Jan. 13, 2012 /PRNewswire/ -- Berkwood Resources Ltd. ("Berkwood" or "the Company") is pleased to announce the engagement of Lindsay Capital Corp. ("LCC") to perform corporate advisory and investor relations services for the Company. For an initial ten-month period, and subject to TSX Venture Exchange approval, effective January 15, 2012 LCC will assist with the creation, coordination and implementation of the Company's targeted objectives with respect to corporate development; producing and distributing effective marketing communication tools; and increasing investor awareness. LCC will also introduce the Company to private investors, analysts, brokers, money managers, newsletter writers and other financial professionals. As compensation for its services, LCC will receive a fee of $6,500 (plus HST) per month in remuneration, and the Company will grant LCC stock options to acquire 75,000 shares in the capital of the Company at an exercise price of $0.125, for a one year renewal term, with a right to earn-in additional options subject to renewal. The agreement and grant of options is subject to TSX Venture Exchange approval.
Berkwood's President and CEO, Brian Buchanan states: "We are pleased to have Mr. Oliver Lindsay of Lindsay Capital Corp. working with us to help increase the exposure of Berkwood to the financial markets and increase awareness of the company's activities. Berkwood is working towards its goal of identifying prospective acquisitions, and the exploration and development of gold, silver and other mineral deposits in North America and South East Asia. The Company expects good news flow over the next few months, and will work with Mr. Lindsay to showcase the Company to a full range of retail and institutional investors. Our Berkwood team looks forward to working with Mr. Lindsay in the coming months."
About Lindsay Capital Corp:
Based in Florida and the Cayman Islands, Lindsay Capital Corp. was founded to provide a full range of capital market and investor relation services, personalized to the needs of pre-IPO and publicly listed North American based small-cap to mid-cap companies. LCC is owned by Mr. Oliver-Barret Lindsay, an investor relations professional with over 12 years marketing experience. LCC has assisted numerous small-cap corporations gain coverage and recognition within the global investment community.
About Berkwood Resources Ltd.
The Company just recently (January 3, 2012) reacquired the Prospect Valley Gold Property in Merritt, BC and holds a 100% interest in the property. The 10,790 hectare property is only 30km south of the world class Highland Valley Copper Mine, and in close proximity to the Craigmont Mine. To date, several areas of interest have been identified in the claim block. The majority of the drilling has taken place in the centre of the claim block, along a prominent north-northeast trending linear zone that includes the Discovery South Zone, the Discovery North Zone, and the NE Extension Zone. The project is currently in advanced stages of exploration.
The Company has a 100% interest in the Cimandiri Gold Property in Indonesia, located approximately 120km south of Jakarta, approximately 3 hours driving time. The property sits at an elevation ranging from 700m - 900m above sea level. Railway lines are nearby, with the closest rail station located only 8km from the property. The project is located approximately 9km southwest of the open pit Cikondang Gold Mine. Berkwood has carried out initial mapping and geochemical sampling during the first 7 months of exploration at the Cimandiri prospect, and will report future material results of work, in conformity with NI43-101 standards, as they are received.
If you are not currently on the Berkwood Resources updates list, please contact Karim Sayani, Corporate Communications at 604-662-7455, or click here to opt in to the list online: http://www.berkwoodresources.com/contact.html.
On Behalf of the Board,
Brian Buchanan, President and Director
This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
Neither the 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 news release.
SOURCE Berkwood Resources Ltd.