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PRIMA COLOMBIA HARDWOOD INC. ENTERS INTO INVESTOR RELATIONS AGREEMENT WITH VANGUARD AND GRANTS STOCK OPTIONS

^{Published on 2011-02-14 12:25:20 - Market Wire}
 

TSX-V: PCT

VANCOUVER, Feb. 14 /CNW/ - Prima Colombia Hardwood Inc. (TSX-V:PCT) ("Prima Colombia" or the "Company") has entered into an investor relations agreement (the "IR Agreement") with Vanguard Shareholder Solutions Inc. ("Vanguard"), a company incorporated under the laws of the British Columbia, located at Suite 1205 - 1095 West Pender Street, Vancouver, BC.

Vanguard, an investor relations firm, is at arm's length to the Company and will provide a variety of investor relations services to the Company, including assisting with the dissemination of news and information to the public and initiating and maintaining contact with the investment community. The initial term of the IR Agreement is one year, commencing February 14, 2011. Prima Colombia will pay Vanguard a fee of $10,000 per month, plus reimbursement of certain expenses, and will grant Vanguard stock options to purchase 500,000 common shares at a price of $0.25 per share exercisable for up to five years. Vanguard is owned and operated by Paul J. Lathigee.

Prima Colombia also announces that pursuant to the Company's Stock Option Plan, a total of 850,000 incentive stock options have been granted to employees of the Company exercisable at a price of $0.25 per share for a period of 10 years.

About Prima Colombia
Prima Colombia Hardwood Inc. is a TSX Venture Exchange-listed Canadian based forest products company focused on international tropical hardwood timber development, production and marketing.  Prima Colombia's operations are located near Bahia Solano, Department of Choco on the west coast of the Republic of Colombia.  The harvesting will be carried out using sustainable, selective, low intensity, helicopter logging which is both highly regarded as having low environmental impact and involves no 'clear cutting'.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.