VANCOUVER, BRITISH COLUMBIA–(Marketwire – Dec. 1, 2011) – El Tigre Silver Corp. (the “Company” or “El Tigre“) (TSX VENTURE:ELS)(OTCQX:EGRTF)(FRANKFURT:5RT) is pleased to announce it has retained the Florida-based firm of Michael Baybak and Company, Inc. (“MBC“) to conduct institutionally-oriented investor relations programs on behalf of the Company. Headed by Mr. Michael Baybak, MBC is a long-term institutional and media investor relations specialist in the natural resource sector, with a focus on introducing Canadian resource companies of merit to broader institutional and retail investor audiences.
Pursuant to an agreement dated December 1, 2011 (the “Agreement“) between the Company and MBC, the Company will pay MBC a monthly fee of $US6,500 for the one-year term of the Agreement, cancelable upon 30 days’ notice in writing at any time after the first six months of service; and which may be renewed following the completion of the initial term. The Company will also reimburse MBC for expenses incurred in performing its services to the Company. The Agreement is subject to the approval of the TSX Venture Exchange (“Exchange“).
In addition, pursuant to the Agreement, the Company will also grant to the principals of MBC stock options (the “Options“) to acquire an aggregate of 275,000 common shares of the company exercisable at a price of $C0.26 for a period of three years, subject to the approval of the Exchange.
MBC does not currently have any interest, directly or indirectly, in the Company or its securities. Other than pursuant to the Options, neither MBC nor Mr. Baybak has any right or intent to acquire any interest, directly or indirectly, in the Company or its securities. MBC does not intend to undertake any market making activities.
About El Tigre Silver Corp.:
The Company, through its subsidiaries, holds the rights to 100% of nine mineral concessions comprising 431 square kilometres located in north-eastern Sonora, Mexico (the “El Tigre Property“). A technical report has been prepared for the El Tigre Property and can be found on the Company’s profile on SEDAR at www.sedar.com and on the Company’s website at www.eltigresilvercorp.com.
This press release does not constitute an offer to sell or solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offer ed or sold within the United States or to, or for the benefit or account of, any U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release. Neither the 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 press release.