Carat Exploration Inc
SymbolCRZ
Shares Issued37,913,704
Close 2009-05-14C$ 0.255
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Carat Exploration hires Acqua Capital for IR

2009-05-19 15:44 ET - News Release

Mr. Yannis Tsitos reports

CARAT EXPLORATION INC. ENGAGES ACQUA CAPITAL GROUP TO PROVIDE INVESTOR RELATION SERVICES

As of May 15, 2009, Carat Exploration Inc. has entered into an agreement, with Acqua Capital Group, pursuant to which Acqua will provide investor relations services to the company. The agreement is for a term of one year, unless terminated earlier by the parties in accordance with the agreement.

Pursuant to the agreement, Acqua will assist Carat with website design and maintenance, preparation of promotional material design and printing, and dissemination of news releases. In consideration of the services, the company will pay Acqua a fee of $5,000 per month. In addition, Acqua will receive 200,000 options of the company exercisable at 25 cents for a period of two years. In accordance with TSX Venture Exchange policies, 25 per cent of the options will vest each quarter. The company will also reimburse Acqua for all reasonable expenses incurred by Acqua in relation to the above-mentioned services.

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