Vatic Signs Investor Relations Agreement And Grants Stock Options
VATICVENTURES.COM VATIC VENTURES CORP.
VATIC VENTURES CORP. 318-1008 HOMER STREET VANCOUVER, BC V6B 2X1 CANADA
Vatic Signs Investor Relations Agreement And Grants Stock Options
VANCOUVER, BRITISH COLUMBIA— May 24, 2012—Vatic Ventures Corp. (the “Company” or “Vatic”) (TSX.V: VCV) (Frankfurt: V8V) announced today the signing of an investor relations agreement with Michael Rahtjen (“Rahtjen”) for the provision of marketing, investor relations and communications services.
The Company and Rahtjen will execute coordinated marketing and investor relations activities to build broader market awareness of Vatic’s projects within the retail, brokerage and institutional investment communities in North America.
Rahtjen will receive $5,000.00 per month for an initial 12 month term, which may be extended through a mutual agreement. In addition, Rahtjen has been granted an option to purchase 220,000 common shares of the Company at a price of 10 cents per share that shall vest over a period of 12 months, subject to provisions in accordance with the Company’s Stock Option Plan and the policies of the TSX venture Exchange (the “Exchange”). The agreement is subject to Exchange approval. Michael Rahtjen holds no shares of Vatic Ventures Corp.
Rahtjen, an arms-length individual, based in Margate, FL provides investor relations and marketing services to public companies.
The Company has granted 1,080,000 options at a price of $0.10 per share to insiders, employees and consultants to the company. The term of the incentive stock options is two years.
ON BEHALF OF THE BOARD
Nasim Tyab
President
Vatic Ventures Corp.
Forward-Looking Statements: Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Such forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to political risks involving the Company's exploration and development of mineral properties interests, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, the inability or failure to obtain adequate financing on a timely basis and other risks and uncertainties.