Business
Enduro Retains Leading Investor Relations Firm, Provides Corporate Update
Kelowna, British Columbia--(Newsfile Corp. - June 2, 2021) - Enduro Metals Corporation (TSXV...
About this update from Enduro Metals Corporation
[{"type":"text","content":"Enduro Retains Leading Investor Relations Firm, Provides Corporate UpdateKelowna, British Columbia--(Newsfile Corp. - June 2, 2021) - Enduro Metals Corporation (TSXV: ENDR) (OTCQB: ENDMF) (FSE: SOG) (\"Enduro Metals\" or the \"Company\"), which holds one of the largest land positions in the heart of British Columbia's Golden Triangle, is pleased to retain Adelaide Capital (\"Adelaide\"), a full-service investor relations firm that specializes in small and mid-cap growth companies. Adelaide has a sizable and valuable network of investors throughout North America and around the world that will assist in positioning Enduro and presenting the upside potential of the Newmont Lake Project.Investor Relations AgreementEnduro has entered into a Consulting Agreement with Adelaide effective on the date applicable filings are made to the TSX Venture (\"TSXV\") to provide investor relations and marketing services to the Company in compliance with the policies and guidelines of the TSXV and applicable legislation.Adelaide will, among other items, work closely with Enduro's management team to assist with corporate development and investor relations actions, coordinate non-deal roadshows, virtual online campaigns, and conferences, and assist with investor introductions and communications. Under the terms of the Consulting Agreement, Adelaide will receive $8,000 per month for an initial period of 6 months (subject to extension by mutual agreement) commencing on the date applicable filings are made to the TSXV. The Company has also granted Adelaide a stock option to purchase up to 150,000 common shares in the capital of the Company (the \"Common Shares\") pursuant to the Company's Stock Option Planat an exercise price of $0.23 per share, vesting quarterly over a 12-month period. All vested options shall be eligible for exercise for a period ending on the earlier of (i) two years from the date of the grant, and (ii) 90 days following termination of the Consulting Agreement. To the knowledge of the Company, Adelaide does not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest.Expanded Newmont Lake Project via StakingEnduro has strategically acquired, by staking, an additional 1,448 hectares (increasing its land holdings by approximately 2.5%). These mineral claims are ...