VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct. 8, 2015) – Select Sands Corp. (TSX VENTURE:SNS)(OTC PINK:CLICF) (the “Company”) is pleased to announce that Kin Communications Inc. (“Kin”) has been engaged to provide investor relations services to the Company.
Kin Communications is one of Canada’s leading full-service investor relations firms, based in Vancouver and owned by President & CEO Arlen Hansen. Kin will assist Select Sands in increasing public awareness by managing the Company’s corporate communications, marketing endeavors, and ongoing engagement with shareholders, finance professionals, and media contacts. For more information, please visit www.kincommunications.com.
Kin will be paid $45,000 over a 6-month period and $7,500 per month on a month to month basis thereafter, and will be granted 500,000 stock options of the Company, exercisable at $0.45 per share. The cash portion of the compensation will paid from the Company’s working capital. The options will vest at a rate of 25% per quarter over a 12-month period and will be exercisable for a period of two years. The agreement and the grant of options are subject to regulatory approval. The Company has been advised that neither Kin nor its principals currently own any shares of Select Sands.
About Select Sands Corp.
Select Sands’ Sandtown property, located in northeast Arkansas, USA, is underlain by the Ordovician St. Peter sandstone formation, which is a major source of ‘Ottawa White’ Tier-1 frac sand/industrial sand selling into major US oil and gas basins as well as industrial and speciality end markets. The Sandtown property is located 3.1 miles from Highway 167 near a natural gas pipeline. The property has an active power line on the property and is located approximately 14.7 miles from the nearest rail system (see December 4, 2014 News Release). Compared to competitive sand mines located in Wisconsin owned by the largest US frac sand producers, Sandtown has a competitive location advantage as it is approximately 650 rail miles closer to the Texas/Louisiana oil/gas plays as well as the Houston port and industrial hub.
As per recently completed report by Tetra Tech of Golden, Colorado, USA and Vancouver, BC, Canada, 40% of the Sandtown property contains 22 million tons of Indicated resources of silica sand with a pre-tax NPV valued at US $160 million (See June 10, 2015 News Release).The Company also owns high-grade gold deposits in the La Ronge Gold Belt, northern Saskatchewan.
Cameron Bartsch, M.Sc., P.Geo., of Tetra Tech, a Qualified Person as defined by National Instrument 43-101, has reviewed the scientific and technical information disclosed in this News Release.
For more information about Select Sands Corp., please visit www.selectsandscorp.com.
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 Release.
This News Release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Information and statements which are not purely historical fact are forward-looking statements. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.
Rasool Mohammad, B.Sc. (Mining)
President & CEO