Business
Finlay Minerals Ltd. - Investor Relations and Consulting Agreement
Finlay Minerals Ltd. - Investor Relations and Consulting Agreement.
About this update from Finlay Minerals Ltd.
[{"type":"text","content":"\n\n\n\n\nVANCOUVER, May 3 /CNW/ - Finlay Minerals Ltd. (\"the Company\") is pleased\nto announce it has entered into an Investor Relations and Consulting Agreement\nwith Rosemont Advisory Inc. (\"Rosemont\") of Mississauga, Ontario.\nIncreasing awareness within the investor community is an important aspect\nof the Company's strategic plan. Management believes the time is right to\ninvest in shareholder communications with its emphasis on continued\nexploration of the gold rich coppery targets in the Toodoggone mining camp of\nnorthern British Columbia. Recent exploration success elsewhere in the\nToodoggone, the depth of management experience in porphyry deposit\nexploration, leads the Company to believe that the Toodoggone is a major gold\nrich copper porphyry mining camp in waiting.\nRosemont's mandate is to increase investor awareness of the Company's\nplans, activities, investment fundamentals and the results of the Company's\nexploration and drill programs.\nUnder the 12 month Agreement the services to be provided to the Company\nare manage and control all of the investor relations activities including\ncommunicating with investment dealers, advisors and Rosemont's prospective\nnetwork with a view to increasing awareness of and interesting the Company and\npromoting the Company in a positive manner and developing and expanding the\nCompany's shareholder base. Rosemont will also assist the Company in\nidentifying and securing new sources of capital and coordinating regular\nmeetings between the Company, investment dealers, advisors, analysts and\nshareholders.\nRosemont will be paid a fee of $4,000 per month and will also receive\nstock options to purchase 300,000 common shares exercisable at $0.20 per share\nduring the term of the Investor Relations and Consulting Agreement and shall\nvest 25% every 90 days from the date of grant.\nThe agreement with Rosemont and granting of the options are subject to\nthe approval of TSX Venture Exchange. Neither Rosemont nor any of its\nprincipals has an ownership interest, directly or indirectly, in the Company\nor its securities except 15,000 shares owned by David Fletcher, nor has the\nCompany granted Rosemont or its principals any right to acquire such an\ninterest other than the 300,000 options to Rosemont.\n\nOn behalf of the Board of Directors,\n\n\"John Barakso\"\n\nJohn Barakso,...