OTTAWA, ONTARIO--(Marketwire - June 9, 2011) - Mazorro Resources Inc. ("Mazorro" or the "Company") (TSX VENTURE:MZO)(FRANKFURT:JAM) is pleased to announce that it has engaged Launch IR Inc. ("Launch") to provide investor relations services to the Company. Launch is an Ottawa based investor relations / consulting firm with connections and strong ties to industry leading investment firms in Canada, the United States and Europe.
The agreement is for a one year term. Consideration payable in accordance with the service contract includes a fee of $2,000 per month and 300,000 stock options. The stock options are exercisable at $0.245 per share and have an expiry date of June 9, 2013. Vesting and terms applicable to the stock options are in accordance with TSX Venture Exchange policies and the Company's stock option plan.
This investor relations contract and stock option grant is subject to acceptance by the TSX Venture Exchange.
Mazorro currently has 39,710,644 common shares outstanding.
Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential mineralization) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, changes in world gold markets or markets for other commodities, and other risks disclosed in the Company's public disclosure record on file with the relevant securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement.Neither the TSX Venture Exchange or 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.
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