Afternoon Movers: Unitech Energy Retains CHF Investor Relations
Afternoon Movers: Unitech Energy Retains CHF Investor Relations
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Coventry: Normans Media Ltd
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Coventry: Normans Media Ltd
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CHF will provide investor relations and market-making activities for an initial period of twelve months ending March 31, 2008. Thereafter, cancellation by either party requires three months' written notice. CHF will be paid a monthly fee of $7,500 plus allowable disbursements. Additionally, subject to Board and regulatory approvals, CHF will be granted incentive stock options to acquire 300,000 common shares of Unitech at a price of $0.40 per share, all in accordance with the policies of the TSX Venture Exchange. A non-insider shareholder has provided 200,000 Unitech common shares to CHF in order to assist in market-making activities. Mr. Steve Price, President, commented, "We have teamed up with CHF Investor Relations to support Unitech Energy's ambitious plans for this year to build shareholder awareness of our unique competitive advantage in oil and gas exploration. Unitech owns a proprietary digital well log database and analysis system that contains more than 360,000 wells within the Western Canadian Sedimentary Basin. This unique pattern recognition system is capable of performing regional scans (thousands of square miles, and 10's of thousand's of wells, per search) in a fraction of the time it would take to do manually. Using Leadscan, we are able to quickly locate leads to potential hydrocarbon prospects without the time and monetary costs normally associated with such large scale ability. Using this information, Unitech plans to pursue opportunities to grow its assets and revenues." Unitech uses its proprietary image analysis and pattern recognition system, called Leadscan, for a 'first look advantage' that drives Unitech's exploration strategy. Please visit Unitech's website at www.leadscan.ca. Shares of Unitech are listed for trading on the TSX Venture Exchange under the symbol URX....
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Afternoon Movers: Unitech Energy Retains CHF Investor Relations
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TN_cdi_proquest_wirefeeds_444719954
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https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_wirefeeds_444719954