MONTREAL, QUEBEC -- (Marketwire) -- 06/11/12 -- Cabia Goldhills Inc. ("Cabia") (TSX VENTURE: CGH) is pleased to announce that it has retained First Canadian Capital Corp. ("First Canadian") as a consultant to provide strategic marketing, investor relations and financial media placement services. First Canadian will generate market awareness for Cabia and its flagship Mejia Gold project.
Under the terms of the agreement with First Canadian, which remains subject to TSX Venture Exchange approval, Cabia will pay First Canadian $7,000 per month for a twelve month initial term (with a right of termination by either party after six months) and grant 300,000 stock options for a period of one year at an exercise price of $0.26 per share, with quarterly vesting in accordance with TSX Venture Exchange policies and the company's stock option plan.
Jason Monaco, Partner at First Canadian comments, "we are looking forward to working with an experienced and credible team with a track record of success along with excellent growth potential in their Colombian gold exploration project as they start to drill it out."
About Cabia Goldhills Inc.
Cabia Goldhills is a TSX-V listed junior exploration company focused upon the exploration and development of gold projects in Colombia. Cabia's Mejia Gold Project is a 6,946 ha mineral concession located close to sea level and outside any environmentally restricted areas in the Sur de Bolivar region of the Department of Bolivar, Colombia, where intense artisanal mining is present in an under-explored gold district with high potential. Cabia currently has less than 35 million shares outstanding.
About First Canadian Capital
Based in Toronto and in the investor relations business for 14 years, First Canadian has assisted numerous North American corporations in gaining exposure and recognition within the global investment community. First Canadian's core competencies are found in identifying well managed undervalued companies with high growth potential and providing effective investor relations and market awareness services to those companies. First Canadian is proud to have had two recent clients win the PDAC Prospector of the Year award.
Cabia Goldhills Inc.
Mr. Maurice Montpetit
Vice President, Business Development
First Canadian Capital Corp.
145 Front Street, Suite 207
Toronto, ON M5A 1E3
416-742-5600 ext 238
Toll Free: 1-866-580-8891