VANCOUVER, BC, March 1, 2012 -- Regal Resources Inc. (the "Company" or "Regal") (CNSX:RGR), announces that it has engaged Dave Grandy to provide Investor Relations and Corporate Communication services to the Company.
Under the agreement, Mr. Grandy will assist the Company with raising capital, introducing the Company to potential investors and arranging promotional roadshows. The agreement is for an initial term of three months and may be extended by mutual consent of the parties. In consideration of the services, the Company will pay Mr. Grandy a fee of $8,000 per month, which will be paid from the Company's general working capital. In addition, he has been granted Incentive Stock Options to purchase 200,000 shares at a price of $0.32 per share under Regal's Stock Option Plan, which options vest as to 25% every three months over the first year following the engagement. The Company will also reimburse Mr. Grandy for all reasonable out-of-pocket expenses incurred in providing his services to the Company.
About Regal Resources Inc. www.regalresinc.com
Regal Resources Inc. is a junior mineral exploration and development company based in Vancouver, Canada. The company is focused on the development and acquisition of copper projects in the prolific copper producing state of Arizona. The company currently has two advanced exploration copper/silver properties, the Patagonia property (Sunnyside), located near Nogales, Arizona and the Squaw Peak property located near Camp Verde, Arizona. Regal Resources is listed on the Canadian National Stock Exchange (CNSX) under the symbol (RGR).
For further information please contact: Gregory M Thomas / President 604. 730. 0234
Dave Grandy / Investor Relations 604. 742. 2507
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