Business
Sixty North Gold Mining Engages Countryman Investments Limited to Advise Management and the Board in Financing and Marketing Opportunities, and Announces Stock Option Grants
Vancouver, British Columbia--(Newsfile Corp. - March 7, 2022) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F4) (OTC Pink: SXNTF) (the "Company" or "Sixty N
About this update from Sixty North Gold Mining Ltd
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - March 7, 2022) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F4) (OTC Pink: SXNTF) (the \"Company\" or \"Sixty North Gold\"): Sixty North Gold is pleased to announce that it has entered into a consulting agreement with Countryman Investments Ltd. (\"Countryman\") for Countryman to provide to the Company, through David Richardson, general corporate and public company advisory services, including advice on capital markets, strategic initiatives, the business of the Company, financings, corporate development and acquisitions. Countryman will be paid a monthly consulting fee of $10,500 for a period of 12 months (exclusive of GST); however, this may be extended a further 12 months by mutual consent of the parties. In addition, the Company has agreed to grant stock options to Countryman to purchase up to 4,000,000 common shares: 2,000,000 common shares at an exercise price of $0.08 per share for a period of one year, granted as fully vested, and another 2,000,000 common shares at an exercise price of $0.12 per share for a period of two years, which will vest as to 25% of the original number granted, quarterly in arrears over 12 months commencing from the Grant Date. Dave Webb, President & CEO of Sixty North Gold, stated, \"We are very pleased to have the continued support and engagement from our largest external shareholder, Countryman, to ensure we meet our operational, financing, and company-building goals.\" Mr. Richardson stated that, \"I am extremely excited to assume this role and play a part in restarting one of one of Canada's highest grade, and consistent producers of gold over many years.\" Other Stock Option Grants The Company has also granted incentive stock options to consultants to purchase up to 50,000 common shares of the Company at an exercise price of $0.08 per share until March 1, 2027. About Countryman Investments Ltd. Countryman is an investment and advisory services company that has provided such services to public and private companies for over 40 years, including resource companies. Countryman was a founding investor, and its principal, Dave Richardson served as Chairman and Director of Kodiak Exploration, which was a Canadian gold exploration company with properties in several provinces and the territories. In 2010, the company merged with Golden Goose Re...