Business
Newport Gold Inc. Engages Gunpowder Capital Corp.
Newport Gold Inc. Engages Gunpowder Capital Corp..
About this update from Newport Gold, Inc.
[{"type":"text","content":"TORONTO, ON / ACCESSWIRE / April 23, 2018 / Newport Gold Inc. (''Newport'') (OTC PINK: NWPG) announced today that it has entered into an agreement with Gunpowder Capital Corp., (CSE: GPC; OTCQB: GNPWF; FRA: YS6N), (''Gunpowder'' or the ''Corporation'').Newport Gold Inc., has retained GPC to assist Newport in listing its common shares onto the Canadian Securities Exchange, including assisting Newport with various administrative and compliance matters related to the listing process and assisting Newport with the drafting and filing of a non-offering prospectus with the Ontario Securities Commission.As compensation to GPC for its services, Newport Gold Inc., will pay GPC a one-time advisory fee of Twenty-Five Thousand Dollars (''$25,000.00'') CDN plus HST, plus expenses related to the ''go public'' advisory services which includes assistance in drafting a non-offering prospectus. Furthermore, post listing onto a Canadian Stock Exchange, Newport Gold Inc., will issue Two Hundred and Fifty Thousand Dollars (''$250,000.00'') worth of common shares to GPC. The common shares will be issued upon completion of the listing of Newport's common shares onto the Canadian Securities Exchange. The common shares will also be issued at the last quoted closing price on the OTC Markets the day before the listing onto the Canadian Securities Exchange (''CSE'').Mr. Paul Haber Stated: ''We are extremely pleased and excited to be working with Newport with this endeavor. This is our fourth US-listed company that we are cross-listing into Canada. We believe the CSE is a much stronger market for junior companies. Obtaining the Canadian Securities Exchange listing will help Newport realize its full potential.''About Newport Gold Inc.Newport Gold Inc., is a development stage company that has acquired the World-Wide rights to develop and commercialize a high performance, high efficiency, patent pending, specialized mining machine. Newport Gold pursuant to a license agreement with Eco-Orex Technologies intends to finance, develop, manufacture and market the machines to the mining industry. The mining machines will utilize a transformational ore disintegration technology which employs Cavitation. The proprietary technology is a chemical-free, high recovery, environmentally friendly process that allows for the disintegration and concentration of minerals in ore ...