Vancouver, BC – April 3, 2012, Altair Ventures Incorporated(the “Company” or “Altair”) (TSX-V: AVX) is pleased to announce that it has engaged Hamza Thindal Capital Corporation (“Hamza Thindal”) as an Investor Relations Consultant, subject to acceptance for filing by the TSX Venture Exchange.
Hamza Thindal is a Vancouver, British Columbia based firm owned by Dr. Essam Hamza, MD and Mr. Kam Thindal. The firm works with junior public and private emerging companies to provide investor relations, capital markets advisory and capital raising services in a variety of industries and sectors and will provide Altair with general marketing communications and investor relations services. For additional information please visit: www.htcapitalcorp.com. Hamza Thindal is at arms’ length to the Company. In addition to the options described below, Kam Thindal and Dr. Essam Hamza, principals of Hamza Thindal, presently hold an aggregate of 150,000 common shares in the capital of Altair and non-transferable share purchase warrants entitling Mr. Thindal and Dr. Hamza to acquire an aggregate of 75,000 common shares in the capital of Altair until March 30, 2013 at a price of $0.33 per share.
Hamza Thindal has been engaged under a twelve month fixed term agreement which may be extended on an open-ended basis subject to termination on 30 days’ prior notice by either party.Pursuant to the agreement, Hamza Thindal will receive a fee of $6,000.00 (plus HST) per month, for an initial term of three months, and $7,500.00 (plus HST) per month, for the remainder of the term. The Company has also granted to Hamza Thindal, under its Share Option Plan, an incentive stock option to purchase 200,000 common shares in the capital of the Company exercisable for a period of five years at a price of $0.275 per share. The option will vest as to 25% every three months until fully vested.
The Company also announces that it has granted, under its Share Option Plan, incentive stock options to certain directors, officers and consultants of the Company to purchase an additional 1,230,000 common shares. The options will be exercisable for a period of five years at a price per share of $0.275. The options granted to the directors, officers and consultants not performing investor relations services will vest immediately. An option granted to Justin Schroenn, an investor relations consultant of the Company, will vest as to 25% of the total number of options granted on the date that is three months, six months, nine months and twelve months after the date of grant.
For additional information please contact Justin Schroenn at (604) 780-1371, or e-mail [email protected]
Altair Ventures Incorporated
Fayyaz Alimohamed, President & 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.