August 9, 2010 – Vancouver, British Columbia. Indigo Exploration Inc. has engaged Contact Financial Corp. to develop and execute a comprehensive marketing and investor-communications program to help raise awareness of the Company over a three-month renewable term, subject to TSX Venture Exchange approval.
Contact Financial is a strategic marketing and communications firm, based in Vancouver, B.C., which will seek to increase Indigo's exposure throughout the global investment community. Contact Financial will be responsible for providing advice to the company with respect to producing and distributing effective marketing communication tools, and increasing awareness with private investors, analysts, brokers, money managers and other financial professionals. For more information please visit Contact Financial's website (www.contactfinancial.com).
Contact Financial is at arm's length to Indigo, and, to the Company's knowledge, neither Contact Financial nor its principals presently have any interest, direct or indirect, in Indigo or its securities, or any right or intent to acquire such an interest, save and except for 70,000 common shares.
Under the renewable agreement, Contact Financial will receive a fee of $8,000 per month for the initial three month term and then $8,000 per month, on a month-to-month basis, thereafter.
Also, effective August 9, 2010, the Company has granted a total of 1,075,000 stock options to directors, officers and consultants, including 100,000 stock options granted to Contact Financial, pursuant to the terms and conditions of the Company’s stock option plan. The options are exercisable at a price of $0.20 per share, on or before August 9, 2015. The stock options granted to Contact Financial will be vested at 25% every three months over the first year.
On Behalf of the Board of Directors,
“R. Tim Henneberry”
R.Tim Henneberry, P.Geo.
President and CEO
For further information, please contact:
Tim Henneberry: (604) 681-3422
Neither the 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.
This press release may contain forward-looking statements. All statements, other than statements of historical fact, constitute “forward-looking statements” and include any information that addresses activities, events or developments that Indigo believes, expects or anticipates will or may occur in the future including Indigo’s strategy, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance.
Forward-looking statements are generally identifiable by the 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. All such forward-looking information and statements are based on certain assumptions and analyses made by Indigo’s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Indigo to be materially different from those expressed, implied by or projected in the forward-looking information or statements.
There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. Except as required by law, Indigo does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.