VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 8, 2011) - Pinecrest Resources Ltd. ("Pinecrest" or the "Company") (TSX VENTURE:PCR) is pleased to announce it has retained Featherstone Capital Advisors Inc. ("Featherstone") to provide corporate development and financial advisory services.
Pinecrest has agreed to pay Featherstone a retainer of $7,000 per month plus expenses per the agreement for a period of twelve months. In addition, Pinecrest has granted Featherstone 300,000 stock options exercisable at a price of $0.38 for a period of five years from the date of grant. These options are granted subject to the Company's stock option plan and are subject to regulatory approval.
PINECREST RESOURCES LTD.
Edward Farrauto, Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Edward Farrauto
Chief Executive Officer
604-687-3992