On February 15th, Bayfield Ventures was recognized as a TSX Venture 50® company in 2011. TSX Venture 50 is a trade-mark of TSX Inc. and is used under license. The TSX Venture 50® are the top 10 companies listed on the TSX Venture Exchange, in each of five major industry sectors -- mining, oil & gas, technology & life sciences, diversified industries and clean technology -- based on a ranking formula with equal weighting given to return on investment, market cap growth, trading volume and analyst coverage. All data was as of December 31, 2010.
Fri Sep 17, 2010 Bayfield Announces Consulting Agreement, Property Option Payment, and Granting of Stock Options
Vancouver, BC -- Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) (the "Company") announces that it has entered into a Consulting Agreement with Envoy Strategic Partners of Toronto, Ontario. Pursuant to the terms of the Agreement the Company has agreed to engage Envoy for a period of six months to raise investor awareness, attract investment and find strategic financial partners. The Company has agreed to pay a fee of $2,000 per month, plus GST and shall from time to time grant Envoy incentive stock options in such amounts and such prices as to be determined by the board of directors of the Company and pursuant to the policies of the TSX Venture Exchange and regulatory authorities.
The Consulting Agreement is subject to TSX Venture Exchange acceptance.
The Company also announces that it has issued 70,000 common shares in connection with its Property Option Agreement dated September 26, 2007 with Kenneth, Brian, Stephen and Robert Burns whereby the Company has been granted an option to earn a 100% interest, subject to a 2% net smelter return royalty, in the Burns Claim Block Property located in the Richardson Township, Rainy River District, Kenora Mining District, Ontario (the "Property").
The common shares issued are subject to a four month hold period under applicable securities laws, and imposed by the TSX Venture Exchange, expiring January 4, 2011.
In order to earn a 100% interest in the Property, the Company must make its final shares issue of 60,000 common shares.
Bayfield Ventures also announces that, pursuant to its stock option plan, the Company has granted incentive stock options to certain of its directors, officers, consultants and management company employees to purchase up to an aggregate of 1,814,993 common shares in the capital stock of the Company, exercisable for a period of five years, at a price of $1.19 per share. The Company's 10% rolling stock option plan was approved by the shareholders at the Annual General Meeting of the Company held on April 7, 2010. Any shares to be issued upon exercise of the stock options will be subject to a hold period and shall not trade before January 18, 2011.
About Bayfield Ventures Corp.
Bayfield Ventures Corp. is exploring for gold in the Rainy River District of north-western Ontario.
For further information on Bayfield Ventures Corp. (TSX-V: BYV), visit the Company's web site at www.bayfieldventures.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Jim Pettit"
James G. Pettit
Chairman and CEO
For further information contact myself or:
Donald Myers
Director
Bayfield Ventures Corp.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@bayfieldventures.com
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