Oro Silver Engages Scott F. Gibson & Co. For Marketing and Investor Communications
June 25, 2007
Oro Silver Resources Ltd. ("Oro Silver") (TSX-V: OSR) has engaged Scott F. Gibson & Company Inc. to assist in the design and implementation of a comprehensive marketing and investor communications program for the company, subject to regulatory acceptance.
Gibson & Co. is a Vancouver-based strategic marketing and communication firm that will increase Oro Silver's exposure to industry stakeholders and investors. Scott Gibson and his group will be responsible for providing advice to the company with respect to corporate development, producing and distributing effective marketing communication tools, and increasing investor awareness.
Under the renewable agreement, Gibson & Co. will receive a fee of $7,500 per month for an initial term of one year and incentive stock options to purchase common shares of the company equal to 2% of the issued and outstanding shares of the company, up to a maximum of 300,000. The options will vest over a period of 12 months.
Both Gibson & Co. and its principal, Mr. Gibson, are at arm's length to Oro Silver.
Oro Silver Resources Ltd. (OSR: TSX-V) is a silver exploration company pursuing early and advanced stage silver-based opportunities primarily in the western hemisphere. The company is focused on (i) exploration at its two existing properties and (ii) additional strategic acquisitions. Oro Silver's strategy is to become a mid-tier silver producer through an aggressive acquisition and development plan focused on advanced-stage projects with known silver resources that exhibit potential for expansion.
On behalf of the board of directors,
Gregory M. Cox
President and CEO
Suite 1400-625 Howe Street, Vancouver BC V6C 2T6
Telephone: 604 646-1585 Facsimile: 604 642-2411
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. Oro Silver disclaims any intention or obligation to revise or update such statements.
