VANCOUVER, British Columbia--(BUSINESS WIRE)--Westridge Resources Inc. (the “Company”) (TSX-V: WST) (“Westridge”) is pleased to announce that effective July 13, 2011 and subject to regulatory approval, it has retained the services of The Windward Agency (“Windward”) of Charlotte, North Carolina. Windward, founded by its principal, Kelly Boatright, will provide assistance with Westridge’s Investor Relations and Public Relations efforts. Windward has served the natural resource sectors for more than two decades and maintains a strong presence in Canada, the United States and Europe.
Windward will receive a monthly retainer of US$5,000, plus approved expenses. The agreement will progress on a monthly basis, renewing automatically, and may be terminated by either party by two-week written notice. Windward does not engage in market making activities and will restrict its services to public relations and investor relations counseling.
Windward maintains an extensive network of representatives and account service specialists in Toronto, New York, Charlotte, Atlanta, London, England and Zurich, Switzerland. In addition to organizing broker road shows and meetings, Windward will also manage press release dissemination, assist in the design of marketing materials, and miscellaneous tasks related to Westridge’ s Investor Relations and Public Relations programs.
Furthermore, the Company has granted 150,000 incentive stock options (the “Options”) to purchase common shares in the capital of the Company (“Shares”), exercisable at a price of $0.53 per Share to an officer of the Company and 150,000 Options to purchase shares in the Company to an individual providing investor relation services to the Company exercisable at a price of $0.53 per Share up to and including the earlier of July 13, 2012 or the 30th day after individual ceases to provide services to the Company. The Options will vest in stages over 12 month period with 25% of the options vesting in every three month period.
ON BEHALF OF THE BOARD
“Chris Cooper”
President, Chief
Executive Officer and a Director
Certain information regarding the Company including management's assessment of future plans and operations may constitute forward-looking statements under applicable securities laws. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements.
Neither TSX Venture Exchange nor its Regulations 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.