TORONTO, ON, November 24, 2010 – Gowest Amalgamated Resources Ltd. (“Gowest” or the “Company”) (TSX Venture: GWA, OTCBB: GWSAF) announces that it has retained the services of Ubika Corporation as a consultant to promote investor relations.
Ubika Corporation (Ubika Research & Communication) will communicate with its network of investment advisors, fund managers and investors to help expose the Gowest investment opportunity to a wider audience both online, and offline by conducting presentations about the company
Ubika will prepare and distribute research reports covering Gowest’s operations and progress while also making available a comprehensive profile of the company on its flagship website portal smallcappower.com
In consideration for Ubika’s services, Gowest will pay a monthly fee of $5,000 and will, subject to TSX Venture Exchange approval, grant to Ubika a stock option to acquire 100,000 common shares of the Company at an exercise price of $0.50 per share expiring November 24, 2013. Ubika’s engagement agreement commenced November 23rd and will extend for a 6 month term.
Ubika Research is an investment research and capital market services firm based in Toronto and Vancouver. It provides a comprehensive research, communication and capital market exposure program to highlight the investment potential in micro and small cap companies.
About Gowest
Gowest is a Canadian gold exploration and development company focused on the delineation and development of its 100% owned Frankfield East gold deposit. Gowest is exploring additional gold targets on the Frankfield land package and continuing to evaluate acquisition targets in the vicinity of the Frankfield project area, part of the prolific Timmins, Ontario gold camp.
For further information please contact; Greg Romain
President & CEO
Tel: (416) 363-1210
Email: [email protected] Or
Rory Quinn Investor Relations
Toll Free: (877) 363-1218
Tel: (416) 363-1210 ext. 208
Forward-looking statements
This news release contains certain “forward looking statements”. Such forward-looking statements involve risks and uncertainties. The results or events depicted in these forward-looking statements may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.
