|Mon May 16, 2011|
Oracle Signs Investor Relations Agreement
|VANCOUVER, BRITISH COLUMBIA - May 16, 2011 - Oracle Energy Corp. (the "Company" or "Oracle") (TSX.V: OEC) (Frankfurt: O2E) announced today the signing of an investor relations agreement with Senergy Communications Inc. ("Senergy") for the provision of marketing, investor relations and communications services. |
The Company and Senergy will execute coordinated marketing and investor relations activities to build broader market awareness of Oracle's projects within the retail, brokerage and institutional investment communities in both North America and Europe.
Senergy will receive $4,000.00 per month for an initial 3-month term, which may be extended through a mutual agreement. In addition, Senergy has been granted an option to purchase 300,000 common shares of the Company at a price of 15 cents per share for a period of 16 months, subject to provisions in accordance with the Company's Stock Option Plan and the policies of the TSX venture Exchange (the "Exchange"). The agreement is subject to Exchange approval. Anthony Zelen, sole shareholder of Senergy holds 38,000 shares of Oracle Energy Corp.
Senergy, an arms-length company based in Vancouver, BC, provides investor relations and marketing services to public companies.
ON BEHALF OF THE BOARD
Oracle Energy Corp.
Senergy Communications Inc.
Forward-Looking Statements: Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Such forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to political risks involving the Company's exploration and development of mineral properties interests, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, the inability or failure to obtain adequate financing on a timely basis and other risks and uncertainties. Such information contained herein represents management's