ccnm
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 1, 2011) -
Golden Reign Resources Ltd. (the "Company" or "Golden Reign")(TSX VENTURE:GRR) is pleased to announce the signing of an investor relations agreement with Senergy Communications Inc. ("Senergy") for the provision of marketing, investor relations and communications services.
Coordinated marketing and investor relations activities by the Company and Senergy will build broader market awareness of Golden Reign and its San Albino-Murra Gold Property within the retail, brokerage and institutional investment communities in both North America and Europe.
Senergy will receive $5,000.00 per month for an initial six-month term, which may be extended by mutual agreement. In addition, Senergy has been granted an option to purchase 165,000 common shares of the Company at a price of $0.85 cents per share for a period of twelve months, subject to vesting provisions in accordance with Company's Stock Option Plan and the policies of the TSX Venture Exchange (the "Exchange"). The agreement is subject to Exchange approval.
Senergy, an arms-length company based in Vancouver, BC, provides investor relations and marketing services to public companies.
On behalf of the Board,
"Kim Evans"
Kim Evans, CGA
President & CEO
About Golden Reign:
Golden Reign Resources Ltd. is a publicly listed (TSX VENTURE:GRR) mineral exploration company engaged in exploring the San Albino-Murra Property located in Nueva Segovia, Nicaragua. Held under a 25 year mining license expiring February 3, 2027, the property covers an area of 8,700 hectares (87 sq km).
The Company has outlined a structural corridor approximately 3 kilometres wide by 15 kilometres long, which spans the Property, stretching from Las Conchitas in the south to the northeast mining town of Murra. Old workings exist along the corridor. The San Albino Mine flanks the northwestern edge of this structural trend.
Under the terms of the option agreement, the Company may acquire an 80% interest in the Property over a four year period by making cash payments totalling US$450,000, issuing 4,000,000 common shares from treasury and incurring aggregate exploration expenditures of US$5,000,000.
Nicaragua, a mining-friendly jurisdiction, is situated in the Central American Gold Belt, which extends from Costa Rica in the south to Guatemala in the north. Within this prolific gold belt, estimates of historical production total more than 20 million ounces.
For additional information please visit our website at >www.sedar.com.
