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| | October 05, 2006
Powertech Retains Swiss Investor Relations Firm
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| | POWERTECH URANIUM CORP. ("Powertech" or the "Company"), is pleased to announce that it has engaged Studer Consulting to provide investor relations services for the Company in Europe. In connection with the engagement, the Company has entered into a six month consulting agreement commencing October 5, 2006 whereby Studer Consulting will receive a total fee of Swiss Francs (CHF) 17,000, CHF 11,000 payable on execution and CHF 6,000 payable on January 1, 2007. Studer Consulting will also be reimbursed for certain expenses incurred in connection with providing such services. In addition, the Company has agreed to grant Marlies Studer, the principal of Studer Consulting, an option to purchase 100,000 common shares of the Company at an exercise price of $1.80 per share. The options will have a five year term and will vest in accordance with the policies of the TSX Venture Exchange (the "Exchange"). Neither Ms. Studer nor Studer Consulting hold any interest, directly or indirectly, in Powertech or its securities.
Ms. Studer has a background in the fields of banking, portfolio management, and public relations. From 2002 to 2004, she was involved in investor relations activities in connection with the financings of United States based mid cap and small cap companies. In January 2005, Ms. Studer founded Studer Consulting and has been an investor and public relations representative for various international clients since that time. Studer Consulting is located in Zurich, Switzerland.
The above described consulting agreement and grant of options are subject to the policies of the Exchange. The term of the consulting agreement may be renewed for another six months by mutual consent of the Company and Studer Consulting.
Powertech Uranium Corp. is a Mineral Exploration and Development company that holds the Dewey Burdock Uranium Deposit in South Dakota, USA, the Dewey Terrace Exploration Project in Wyoming, USA, and the Centennial Project in Colorado, USA.
POWERTECH URANIUM CORP.
Per: "Richard F. Clement"
Richard F. Clement Jr.,
President & CEO
For further information, please contact:
Thomas A. Doyle, CFO, VP Finance
Phone: (604) 685-9181
Email: info@powertechuranium.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release. |
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