|By Marketwired .||
|August 20, 2014 11:00 AM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 08/20/14 -- Black Widow Resources Inc. ("Black Widow" or the "Company") (TSX VENTURE: BWR) is pleased to announce that it has recently entered into an Investor Relations agreement with Baywall Communications Corp. ("Baywall") of Toronto, Ontario.
"Black Widow is a tightly held junior resource company, with a limited number of shareholders, most of whom participated in the Initial Public Offering in April, 2013. We've been searching for a compatible partner in Investor Relations that is focused on a real time seamless information stream to existing shareholders and an inviting platform to new investors that will facilitate growth and shareholder value; Baywall Communications Corp. is a Canadian investor relations firm that offers a bespoke solution to all its clients including an extensive network of potential investors in major cities namely Toronto, New York, Geneva, London and Germany and a proprietary social media platform."
- Mr. Neil Novak, President and CEO of Black Widow Resources Inc.
Black Widow and Baywall have agreed to an initial one-year contract for services, to be reviewed after the initial six months and extended to end of contract term at the option of Black Widow. There is also a milestone performance clause in the contract related to facilitation of financing. Baywall receives a nominal monthly stipend for the first six months as well as having been granted 200,000 options at $0.10 per share of Black Widow, vesting in accordance with Black Widow's option plan for Investor Relations, being 25% after each three months of the contract and have a term of five years expiring on August 11, 2019. Over the past few weeks, Black Widow has met with various service providers of Baywall as needed to create its comprehensive social media platform prior to its launch expected shortly.
Grant of Options
The Company also announces that it has granted an aggregate of 650,000 options to its directors and officers to acquire common shares of Black Widow at an exercise price of $0.10 per share pursuant to its stock option plan. These options granted vest immediately and have a term of five years expiring on August 11, 2019.
About Baywall Communications Corp.
Baywall Communications is a strategic advisory firm offering complete marketing solutions to small and mid-sized companies. Baywall works closely with clients to tailor a communication package specific to the client and market conditions.
Baywall Communications has recently partnered with one of the most powerful online financial social media platforms in the market today, which provides convenient and effective ways for public companies to reach self-directed investors and institutions around the world. Please visit Black Widow's dashboard, accessible at www.equities.com.
About Black Widow Resources
Black Widow is a public company, quoted for trading on the TSX.V under the symbol "BWR", with exploration projects in Northern Ontario, Canada, focused on exploring for base and precious metals. Management of Black Widow includes an accomplished group of exploration/mining specialists with many decades of operational experience in the junior resource sector. There are currently 25,077,269 shares issued in Black Widow.
Neither the Toronto 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.
For more information about Black Widow please visit our website: www.blackwidowresources.com.
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