Business
Spanish Mountain Gold Engages Investor Relation Service Firms
Vancouver, British Columbia--(Newsfile Corp. - June 24, 2024) - Spanish Mountain Gold Ltd. (TSXV...
About this update from Spanish Mountain Gold Ltd.
[{"type":"text","content":"Spanish Mountain Gold Engages Investor Relation Service FirmsVancouver, British Columbia--(Newsfile Corp. - June 24, 2024) - Spanish Mountain Gold Ltd. (TSXV: SPA) (FSE: S3Y) (the \"Company\" or \"Spanish Mountain Gold\") is pleased to announce that, subject to TSX Venture Exchange acceptance, it has engaged First Focus Capital Inc. (\"First Focus\") and Proactive Investors North America Inc. (\"Proactive Investors\") to provide investor relations and marketing services for the Company. First Focus, a capital markets and marketing firm based in Vancouver, B.C., will provide corporate communications, marketing and investor relation advisory services over a six-month term beginning on June 21, 2024 and ending on December 21,2024. As consideration for such services, the Company will pay First Focus a total fee of $30,000, which will be paid in monthly installments of $5,000. The Company will pay such fees from its working capital.Proactive Investors, a multimedia news organization and events management company based in Toronto, Ont., will, working with management, produce corporate communication materials that will be disseminated through their media and investor network over a one-year term beginning on June 21, 2024 and ending on June 20, 2025. As consideration for such services, the Company will pay Proactive Investors a total fee of $45,000, which will be paid at the beginning of the one-year term. The Company will pay such fees from its working capital.Both First Focus and Proactive Investors are at arm's length from the Company and, as of the date hereof, do not have any interest, directly or indirectly, in the Company or its securities. Proactive Investors plans to acquire 214,286 Units in the planned second tranche of the private placement (see May 27, 2024 press release).Grant of Stock OptionsThe Company announces it has granted 2,000,000 stock options exercisable at $0.19 per share to officers and directors of the Company under the terms of the Company's stock option plan.About Spanish Mountain GoldSpanish Mountain Gold is advancing its 100% owned Spanish Mountain Gold project towards construction of the next gold mine in the Cariboo Gold Corridor, British Columbia. Our immediate focus is to conduct an integrated Whittle Enterprise Optimization to identify the highest potential value-add improvements while increasing...