Business
Rush Rare Metals Enters Into Consulting Services Agreement with Avec Creations
VANCOUVER, BC / ACCESSWIRE / September 25, 2023 / Rush Rare Metals Corp. ("Rush" or the "Company") is pleased to announce that it has entered into a consulting
About this update from Rush Rare Metals Corp
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / September 25, 2023 / Rush Rare Metals Corp. (\"Rush\" or the \"Company\") is pleased to announce that it has entered into a consulting services agreement dated as of the date hereof with Avec Creations Ltd. (\"Avec\"). Under the agreement, Avec will assist Rush in raising investor awareness by presenting Rush to targeted potential investors and by keeping current and potential investors informed with respect to the Company and its properties. Avec is a marketing consultancy firm led by Fabi Lara, for public companies looking to gain targeted exposure to investors by leveraging a strong network and effective communication tools. Fabi is well-known in the junior mining and uranium spaces, as the creator of the media channel \"The Next Big Rush\", and from having appeared as a panelist or speaker at conferences around the world. Rush's CEO, Peter Smith, said \"we are very excited to be working with Avec under this agreement. She has an excellent track record and is very well respected in the industry. Having just entered an exciting earn-in arrangement with Myriad Uranium for our Copper Mountain uranium property in Wyoming, and having just completed an exploration program for rare earth elements at our Boxi property in Quebec, results of which we will be reporting very soon, this is a very exciting time for Rush. We anticipate there will be lots of news to communicate to the market about both properties in the coming weeks and months, and Avec will provide us a top-notch and highly professional conduit for telling our story.\" The agreement with Avec has a six month term and may be terminated at any time following five months from the date hereof by either party on providing 30 days written notice. As compensation for the services to be provided, Rush will pay Avec a fee of $7,500 in cash and will issue 93,750 common shares of the Company (each, a \"Share\") to Avec, with each Share having a deemed value of $0.08, representing an aggregate value for the Shares of $7,500. When issued, the Shares will be issued in accordance with applicable securities laws and will be subject to a four month hold period in accordance with the policies of the Canadian Securities Exchange. In addition, the Shares will be subject to a contractual lock-up, with 15,625 Shares being released immediately upon issuance and an ad...