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Raytec Metals Corp.: Raytec Hires Senergy for Investor Relations Services

^{Published on 2009-08-04 11:24:02, Last Modified on 2009-08-04 11:24:10 - Market Wire}
 

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 4, 2009) - Raytec Metals Corp. (the "Company" or "Raytec") (TSX VENTURE:RAY) announces that it has engaged the services of Senergy Communications Inc. to provide investor relations services. Senergy Communications Inc. ("Senergy") is a British Columbia company, based in Vancouver, and provides investor relations and marketing services to public companies. The agreement with Senergy is effective August 1, 2009, and is subject to the approval of the TSX Venture Exchange. The agreement with Senergy will continue for a term of six months, and thereafter is renewable upon mutual agreement of the parties. In consideration for its services, Senergy will be paid $5,000 per month during the term of the agreement. In addition, Raytec has granted to Senergy stock options to purchase 300,000 common shares of the Company at a price of $0.40 for five years in accordance with the Company's Stock Option Plan. Stock Options will vest in accordance with TSX Venture Exchange rules. The agreement may be cancelled with 30 days notice by either party. Senergy advises that it does not currently hold any securities of Raytec but may acquire securities of Raytec in the future.

About Raytec:

Raytec Metals Corp. is a well-financed, Canadian exploration company with a recently signed Farm-In letter of intent with Africa Oil Corp. and recently signed formal agreements with Encanto Potash Corp. Raytec currently holds over 180,000 acres of potash permits in Saskatchewan, Canada - the largest producing region for potash in the world. The Company holds approximately a 20 per cent interest in Sulphur Solutions Inc., an emerging fertilizer company developing state-of-the-art patented technology for the production of micronized sulphur fertilizer. The Company is further diversified with an iron ore project in Ontario, and a uranium joint venture project in the Athabasca Basin of Saskatchewan.

To find out more about Raytec Metals Corp., please visit the company website at [ www.raytecmetals.com ] or review the documents filed on [ www.sedar.com ].

On behalf of the Board,

RAYTEC METALS CORP.

Brian Thurston, President and CEO

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploration activities and events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements in this news release include statements regarding the Offering (including the anticipated closing date) and future exploration plans and expenditures. Although, the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions, including among others, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals for the transactions described herein, the ability of the Company and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for the Company's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.