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RUA GOLD Announces New and Amended Marketing Contracts
RUA GOLD Announces New and Amended Marketing Contracts Canada NewsWire VANC...
About this update from Rua Gold Inc
[{"type":"text","content":"\n\n\n\n RUA GOLD Announces New and Amended Marketing Contracts\n \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 Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Aug. 23, 2024\n \n\n /CNW/ - Rua Gold Inc. (TSXV: RUA) (OTC: NZAUF) (WKN: A4010V) (\"\n \n\n RUA GOLD\n \n\n \" or the \"\n \n Company\n \n \") announces that it has amended marketing contracts with two service providers and entered into one new marketing contract. In accordance with TSX Venture Exchange Policy 3.4 –\n \n Investor Relations, Promotional and Market-Making Activities\n \n , details of each new engagement or amendment are discussed below. The new marketing agreement and the amended marketing agreements remain subject to approval from the TSX Venture Exchange.\n \n\n\n\n\n\n\n\n\n\n Amendment to Marketing Contract with MMG Market Medium GmbH & Co. KG\n \n\n\n Further to the Company's news release of\n \n February 27, 2024\n \n , in which the Company announced its 12-month marketing engagement of MMG Market Medium GmbH & Co. KG (\"MMG\"), the Company has entered into an amending agreement with MMG dated\n \n August 22, 2024\n \n (the \"MMG Amending Agreement\") to amend the marketing services agreement with MMG dated\n \n February 1, 2024\n \n (the \"Original MMG Agreement\"). Pursuant to the MMG Amending Agreement, the Company and MMG have agreed to reduce the marketing budget allocated from the Company to MMG from\n \n C$700,000\n \n to €400,000 (approximately\n \n C$600,000\n \n ). Additionally, the Company and MMG have agreed to revise MMG's service fee from\n \n C$115,500\n \n to €66,000 (approximately\n \n C$100,000\n \n ), representing 16.5% of the budget allocated by the Company for such services. The difference between the initially contemplated service fee of\n \n C$115,500\n \n and the revised service fee of €66,000 shall be credited by MMG to the marketing budget. All other terms of the Original MMG Agreement remain unamended. In connection with the MMG Amending Agreement and in addition to the service fee previously paid, the...