Lakota Resources Retains Services of The Buick Group
Posted on: Thursday, 27 March 2008, 15:00 CDT
Lakota Resources Inc. (TSX VENTURE: LAK) ("Lakota" or "the Company") is pleased to announce that it has retained the services of The Buick Group of Toronto, Ontario as corporate communications and strategic investor advisors to the Company.
In consideration of the services to be provided, Lakota has agreed to pay The Buick Group a monthly cash fee of $5,000 for an initial term of 6 months. The term is renewable thereafter in 6 month periods terminable on 60 days notice. As part of the consideration for the services Lakota has, subject to Exchange approval, granted to The Buick Group 300,000 options under its Incentive Stock Option Plan to acquire common shares of Lakota at an exercise price of $ 0.24 vesting in equal quarterly amounts over one (1) year for a term of three (3) years.
About The Buick Group (www.buickgroup.com)
The Buick Group is Toronto-based advisory firm that specializes in assisting emerging growth companies in achieving fair market value and strengthened brand recognition in the global financial markets. The firm provides business management services across several areas including strategic planning, equity raising and shareholder relations. The firm's signature approach as advisors provides management of companies with the freedom to focus on their strengths and core business activities, while The Buick Group establishes and carries out strategies for public relations, capital markets experience, brand building and brand awareness.
About Lakota Resources Inc.
Lakota Resources Inc. is a Gold exploration Company, incorporated under the laws of the Province of Ontario in 1937. Its common shares presently trade on the TSX Venture Exchange under the symbol "LAK". The Company's principal business is the acquisition, exploration and development of gold resource properties in Tanzania, East Africa, in the Lake Victoria Gold Belt, as well as in the Northwest Territories in Canada. Some of the Company's properties have gold mineralization showings but none, at this time, contain known reserves. In Tanzania, the Company's Tembo property has artisanal gold workings and is immediately adjacent to and on strike with Barrick's Bulyanhulu Mine. Lakota Resources has established strategic joint venture partnerships to provide a timely and expeditious exploration approach on several of its properties, i.e. both joint ventures with MDN Inc. at Ikungu and Simba/Isambara have gold showings on the properties, as does its joint venture on the Viking Gold Mines property north of Yellowknife, NWT.
This press release was prepared by Lakota Resources Inc.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts: Lakota Resources Inc. Ian F.T. Kennedy, P. Eng. President & Director (416) 598-7700
SOURCE: Lakota Resources Inc.
Source: MARKET WIRE
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