Rocky Mountain Enters Into Advisory Services Agreement with Byron Capital Markets
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VANCOUVER, BRITISH COLUMBIA, Apr 06 (MARKET WIRE) --
Rocky Mountain Resources Corp. ("Rocky Mountain" or the "Company") (TSX
VENTURE: RKY) has entered into an Advisory Services Agreement with Byron
Capital Markets, a division of Byron Securities Ltd. of Toronto. Under
the terms of the agreement, Byron will introduce Rocky Mountain capital
market participants and other strategic investors; provide strategic
advice to maximize shareholder value; assist with advice on Rocky
Mountain's strategic external growth initiatives including mergers,
acquisitions and joint ventures; and make introductions and structure
relationships with strategic business partners.
Bill Radvak, Rocky Mountain's President & CEO, stated, "Byron, building
on its leadership in the investment banking of lithium companies, has now
also focused attention on vanadium, which is growing in importance as an
alloying metal used to strengthen steel as well as the emerging uses with
lithium vanadium batteries and storage cells for renewable energy. We are
very excited about teaming up with Byron and are aggressively pursuing
the opportunity of supplying vanadium for the battery industry. With
virtually all world primary production of vanadium coming from China,
South Africa and Russia, the Company's Gibellini Project, being located
in Nevada, gives the Company the strategic opportunity to become North
America's first and only primary producer of vanadium."
Byron Capital Markets, a division of Byron Securities Limited, is a
Toronto-based institutional investment dealer focused on small and mid
market capitalization companies primarily in the energy and mining
sectors. Byron is a member of the Investment Industry Regulatory
Organization of Canada (IIROC) and provides companies with a full range
of investment banking and advisory services to assist them through their
various stages of development and growth.
Pursuant to the terms of the agreement, Byron will act as a nonexclusive
business advisor for an initial six month term, renewable on monthly
basis after the initial term at a fee of $5,000 per month. The agreement
may be terminated by either party upon 30 days written notice.
The Company also announces the granting of a 50,000 stock options at the
exercise price of $0.75 for a term of five years to a contractor. The
stock options are granted pursuant to the Company's Stock Option Plan, as
amended.
Jon Hykawy, PhD, MBA, of Byron Capital Markets has published a research
report entitled: Vanadium: The Supercharger which can be found on Rocky
Mountain's website: www.rkyresources.com. A Scoping Study of the
Gibellini Project has been completed by AMEC E&C Services and is
available on Sedar and also on the Company's website www.rkyresources.com.
ON BEHALF OF THE BOARD
Bill Radvak, President & CEO
Neither TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the accuracy of this
release.
Contacts:
Rocky Mountain Resources Corp.
Bill Radvak
604 488 5417
bradvak@rkyresources.com
www.rkyresources.com
Copyright 2010, Market Wire, All rights reserved.
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