Business
Denarius Metals Confirms Engagement of Capital Markets Advisory Firm
Toronto, Ontario--(Newsfile Corp. - April 13, 2023) - Denarius Metals Corp. (TSXV: DSLV) (OTCQB: DNRSF) ("Denarius Metals" or "the Company") confirms that it ha
About this update from Denarius Metals Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - April 13, 2023) - Denarius Metals Corp. (TSXV: DSLV) (OTCQB: DNRSF) (\"Denarius Metals\" or \"the Company\") confirms that it has engaged Red Cloud Financial Services (\"Red Cloud\"), based in Toronto, to provide marketing and similar capital market advisory services to the Company. Pursuant to the policies of the TSX Venture Exchange, the Company confirms that it has engaged Red Cloud since April 1, 2023 under an agreement for a minimum 12-month term, and continuing on a month-to-month basis thereafter, for a monthly fee of $10,000. The Company also confirmed that Red Cloud has an interest in the Company, representing less than 1% of the Company's total issued and outstanding common shares as of April 13, 2023. In addition, the Company confirmed that in respect of subscriptions from insiders of the Company in the private placement closed on April 4, 2023, accounting for $1,220,000 or approximately 16.5% of the total gross proceeds, participation by such insiders was exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (\"MI 61-101\") by virtue of the exemptions contained in Sections 5.5(b) and 5.7(1)(b) of MI 61-101. About Denarius Metals Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of polymetallic mining projects in high-grade districts, with its principal focus on the Lomero Project in Spain. The Company signed a definitive option agreement with Europa Metals Ltd. in November 2022 pursuant to which Europa has granted Denarius Metals two options to acquire up to an 80% ownership interest in the Toral Zn-Pb-Ag Project, Leon Province, Northern Spain. The Company's 100%-owned Zancudo Project in Colombia provides an opportunity to develop near-term production and cash flow through local contract miners and long-term growth through exploration. Additional information on Denarius can be found on its website at www.denariusmetals.com and by reviewing its profile on SEDAR at www.sedar.com. Cautionary Statement on Forward-Looking Information 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...