Business
Coast Copper Signs Investor Relations Contract with Mars and Grants Stock Options
Coast Copper Signs Investor Relations Contract with Mars and Grants Stock Options ...
About this update from Coast Copper Corp
[{"type":"text","content":"\n \n \n \n Coast Copper Signs Investor Relations Contract with Mars and Grants Stock Options\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TSX.V: COCO\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 28, 2021\n \n /CNW/ -\n \n Coast Copper Corp. (\"Coast Copper\" or the \"Company\")\n \n (TSXV: COCO)\n \n \n (formerly Roughrider Exploration Limited) wishes to announce that it has retained the services of\n \n Vancouver\n \n -based Mars Investor Relations Inc. (\"\n \n Mars\n \n \"), a full-service investor relations and consulting services company focused on the junior mining sector. Under the terms of the engagement agreement (the \"\n \n Agreement\n \n \"), Coast Copper will compensate Mars\n \n $180,000\n \n over the 12-month initial term of the Agreement and has granted Mars stock options (the \"\n \n Mars Options\n \n \") exercisable to acquire an aggregate of 500,000 common shares at a price of\n \n $0.10\n \n per share until\n \n October 27, 2026\n \n . The Mars Options shall vest quarterly over a period of 12 months, with 25% vesting each quarter. The Mars Options and any shares issuable upon exercise thereof are subject to a hold period of four months and one day. Mars may from time to time acquire or dispose of securities of the Company through the market, privately or otherwise, as circumstances or market conditions warrant. Mars and Coast Copper are non-arm's-length parties as a result of a common Insider, but otherwise have no other relationship except pursuant to the Agreement. Mars and/or its affiliates currently hold 4,487,400 common shares of the Company.\n \n \n Coast Copper has also granted a total of 2,015,000 stock options to Directors, Officers, employees and consultants of the Company pursuant to the Company's 10% rolling Stock Option Plan, with the stock options having the same terms as the Mars Options.\n \n \n The Mars Agreement and all stock options granted are subject to regulatory approval.\n \n \n \n Adam Travis\n \n , the Company's CEO, comments:\n \n \"We look forward to working with the Mars tea...