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Granada enters into services contract with Wimmer Financial
Granada enters into services contract with Wimmer Financial Canada NewsWire ROUY...
About this update from Granada Gold Mine Inc.
[{"type":"text","content":"\n\n\n\nGranada enters into services contract with Wimmer Financial\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\nCanada NewsWire\nROUYN-NORANDA, QC, Oct. 17, 2017\n\n\n\nROUYN-NORANDA, QC, Oct. 17, 2017 /CNW/ - Granada Gold Mine (TSX.V: GGM) (\"Granada Gold\" or the \"Company\") is pleased to announce that it has entered into a business services agreement (the \"Agreement\") with Wimmer Financial, LLP (\"Wimmer\") for a three-month period.\n\nAs compensation for services to be provided to the Company, Wimmer will receive 1,814,750 shares in three tranches of 604,917 shares on a monthly basis. TSX Venture Exchange approval to the Agreement was obtained on October 16, 2017.\n\nThe services to be provided by Wimmer include consultation, advice and the arrangement of strategic relationships with other companies and access to capital markets and institutional and sophisticated investors, including assisting with mining conferences, newsletters and interviews.\n\nWimmer will also assist in the production of an updated and new corporate presentation and updating the Company's financial model for the expected economics and cash flows of the project.\n\nPursuant to the terms of the Agreement, the Company is issuing the first tranche of 604,917 shares at a deemed value of $0.05 per share to Wimmer. All shares issued are subject to a four month and a day hold period expiring on February 18, 2018.\n\nThe Company will issue a news release upon the issuance of each share payment under the terms of the Agreement.\n\nAll shares proposed to be issued to Wimmer are subject to Exchange approval and are also subject to a 4 month and a day holder period.  \n\n\"We are delighted to have entered a business service agreement with Granada Gold Mine and are looking forward to work together with the team on this project.\" says Per Wimmer, CEO of Wimmer Financial. \n\nAbout Wimmer Financial\n\nWimmer Financial is an international corporate advisory firm specialising in natural resources, real estate, infrastructure, aviation and shipping, with global reach through a network of ...