Mr. David Brett reports
Pacific Bay Minerals Ltd. has retained the services of Caliber Communication Corp. to direct its investor relations and shareholder communications activities. Ian Tootill is Caliber’s founder and principal. Mr. Tootill currently holds 150,000 common shares of the company, either directly or indirectly.
Caliber, based in Vancouver, B.C., is engaged in the business of providing communications and marketing consulting services to listed companies. The agreement will have an initial term of three months and be renewable after that time, and provides that Caliber will receive monthly consulting fees of $2,500 per month and also receive an incentive option to purchase 100,000 shares at 10 cents per share for two years. The consulting agreement and stock option grant are subject to the approval of the TSX Venture Exchange.